Ark Restaurants (ARKR) Hits New 12-Month Low at $20.03

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Ark Restaurants Corp (NASDAQ:ARKR) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $20.03 and last traded at $22.25, with a volume of 1206 shares trading hands. The stock had previously closed at $22.85.

The company has a debt-to-equity ratio of 0.46, a current ratio of 0.74 and a quick ratio of 0.63. The stock has a market cap of $75.48 million, a PE ratio of 20.71 and a beta of 0.28.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Tuesday, December 18th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Monday, December 17th.

A number of institutional investors have recently added to or reduced their stakes in ARKR. Dalton Greiner Hartman Maher & Co. grew its position in Ark Restaurants by 9.2% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 268,307 shares of the restaurant operator’s stock valued at $6,246,000 after acquiring an additional 22,534 shares during the last quarter. Renaissance Technologies LLC grew its position in Ark Restaurants by 6.5% in the second quarter. Renaissance Technologies LLC now owns 87,200 shares of the restaurant operator’s stock valued at $2,175,000 after acquiring an additional 5,300 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Ark Restaurants by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 122,006 shares of the restaurant operator’s stock valued at $3,106,000 after acquiring an additional 3,202 shares during the last quarter. Hedge funds and other institutional investors own 23.82% of the company’s stock.

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Ark Restaurants Company Profile (NASDAQ:ARKR)

Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars in the United States. As of September 30, 2017, it owned and/or operated 20 restaurants and bars, including 5 facilities located in New York City; 2 in Washington, DC; 5 in Las Vegas, Nevada; 3 in Atlantic City, New Jersey; 1 in the Faneuil Hall Marketplace in Boston, Massachusetts; 2 on the east coast of Florida; and 2 on the gulf coast of Alabama.

Read More: Average Daily Trade Volume – What You Need to Know

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