Arko (NASDAQ:ARKO) Hits New 1-Year Low at $4.61

Arko Corp. (NASDAQ:ARKO) shares hit a new 52-week low on Wednesday . The stock traded as low as $4.61 and last traded at $4.61, with a volume of 33743 shares traded. The stock had previously closed at $4.70.

Analysts Set New Price Targets

Separately, BMO Capital Markets dropped their price objective on shares of Arko from $8.00 to $7.00 and set a “market perform” rating on the stock in a research note on Thursday, February 29th.

Arko Price Performance

The company has a market cap of $537.91 million, a PE ratio of 18.80 and a beta of 0.28. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.54 and a quick ratio of 1.03. The stock’s 50-day moving average is $6.39 and its 200 day moving average is $7.28.

Arko (NASDAQ:ARKO) last announced its earnings results on Wednesday, February 28th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Arko had a return on equity of 12.32% and a net margin of 0.37%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the business earned $0.09 EPS. On average, equities analysts anticipate that Arko Corp. will post 0.09 earnings per share for the current fiscal year.

Arko Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date was Friday, March 8th. Arko’s dividend payout ratio (DPR) is presently 48.00%.

Insider Buying and Selling

In other Arko news, major shareholder Morris Willner sold 2,792,631 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $6.76, for a total transaction of $18,878,185.56. Following the sale, the insider now owns 11,683,980 shares in the company, valued at approximately $78,983,704.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 32.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arko

A number of institutional investors have recently bought and sold shares of ARKO. Tower Research Capital LLC TRC grew its position in Arko by 149.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,004 shares of the company’s stock worth $26,000 after purchasing an additional 1,801 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Arko by 40.5% during the third quarter. Public Employees Retirement System of Ohio now owns 4,172 shares of the company’s stock worth $39,000 after acquiring an additional 1,203 shares during the period. Ensign Peak Advisors Inc purchased a new position in Arko during the third quarter valued at approximately $72,000. ProShare Advisors LLC acquired a new position in Arko in the second quarter valued at approximately $85,000. Finally, Rafferty Asset Management LLC purchased a new stake in Arko in the 4th quarter worth approximately $90,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

About Arko

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.