Phoenix Financial Ltd. Has $33.40 Million Stake in ARKO Corp. $ARKO

Phoenix Financial Ltd. grew its stake in shares of ARKO Corp. (NASDAQ:ARKO) by 20.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 7,309,430 shares of the company’s stock after buying an additional 1,239,512 shares during the period. Phoenix Financial Ltd. owned approximately 6.48% of ARKO worth $33,404,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in ARKO by 193.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,317 shares of the company’s stock valued at $52,000 after acquiring an additional 8,115 shares in the last quarter. CWM LLC increased its position in shares of ARKO by 131.8% during the third quarter. CWM LLC now owns 12,932 shares of the company’s stock valued at $59,000 after purchasing an additional 7,353 shares during the period. Creative Planning raised its stake in shares of ARKO by 37.9% in the second quarter. Creative Planning now owns 15,156 shares of the company’s stock valued at $64,000 after purchasing an additional 4,163 shares in the last quarter. CANADA LIFE ASSURANCE Co acquired a new position in shares of ARKO in the second quarter valued at $88,000. Finally, Engineers Gate Manager LP bought a new position in ARKO in the second quarter worth $88,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ARKO has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of ARKO in a research report on Monday, December 29th. Zacks Research cut ARKO from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Wall Street Zen raised shares of ARKO from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, ARKO presently has an average rating of “Hold” and a consensus target price of $7.13.

ARKO Stock Performance

ARKO stock opened at $5.19 on Tuesday. The stock has a 50-day simple moving average of $4.77 and a 200 day simple moving average of $4.64. The stock has a market capitalization of $578.32 million, a price-to-earnings ratio of 47.19 and a beta of 0.86. The company has a quick ratio of 1.18, a current ratio of 1.62 and a debt-to-equity ratio of 3.93. ARKO Corp. has a 12-month low of $3.51 and a 12-month high of $7.84.

ARKO (NASDAQ:ARKO) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). ARKO had a return on equity of 6.95% and a net margin of 0.24%.The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2 billion. On average, research analysts anticipate that ARKO Corp. will post 0.2 earnings per share for the current fiscal year.

ARKO Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.12 annualized dividend and a yield of 2.3%. ARKO’s dividend payout ratio is currently 109.09%.

About ARKO

ARKO Corp (NASDAQ: ARKO) is a downstream energy and convenience retail company based in Matthews, North Carolina. The company’s core operations encompass fuel supply, distribution and retailing through a network of terminals, independent dealer locations and company-operated convenience stores. ARKO’s fuel offerings include branded and unbranded gasoline and diesel, as well as lubricants and other petroleum products marketed under various regional and private labels.

In its retail segment, ARKO operates a portfolio of convenience stores under the Kangaroo Express banner, serving on-site customers with fuel, grab-and-go food items, beverages and everyday household essentials.