ARKO (NASDAQ:ARKO) General Counsel Maury Bricks Sells 10,000 Shares

ARKO Corp. (NASDAQ:ARKO) General Counsel Maury Bricks sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $8.50, for a total value of $85,000.00. Following the completion of the transaction, the general counsel directly owned 162,841 shares in the company, valued at approximately $1,384,148.50. This represents a 5.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Maury Bricks also recently made the following trade(s):

• On Friday, June 5th, Maury Bricks sold 15,000 shares of ARKO stock. The stock was sold at an average price of $7.69, for a total value of $115,350.00.

ARKO Stock Performance

ARKO stock traded up $0.57 during trading on Thursday, reaching $8.64. The company had a trading volume of 1,351,034 shares, compared to its average volume of 778,048. ARKO Corp. has a 52 week low of $3.71 and a 52 week high of $8.68. The firm’s 50-day simple moving average is $6.75 and its 200 day simple moving average is $5.82. The firm has a market capitalization of $969.29 million, a price-to-earnings ratio of 45.48 and a beta of 0.98. The company has a current ratio of 1.62, a quick ratio of 1.19 and a debt-to-equity ratio of 1.93.

ARKO (NASDAQ:ARKO) last announced its earnings results on Thursday, May 7th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.09. ARKO had a return on equity of 9.10% and a net margin of 0.38%.The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the firm earned ($0.12) EPS. Sell-side analysts forecast that ARKO Corp. will post 0.29 earnings per share for the current fiscal year.

ARKO Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, May 18th. ARKO’s dividend payout ratio (DPR) is currently 63.16%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teton Advisors LLC purchased a new position in shares of ARKO during the third quarter valued at approximately $594,000. Empowered Funds LLC boosted its position in shares of ARKO by 9.8% during the first quarter. Empowered Funds LLC now owns 511,566 shares of the company’s stock valued at $2,844,000 after buying an additional 45,689 shares during the period. Empyrean Capital Partners LP purchased a new position in shares of ARKO during the first quarter valued at approximately $1,819,000. Renaissance Technologies LLC boosted its position in shares of ARKO by 152.7% during the first quarter. Renaissance Technologies LLC now owns 80,100 shares of the company’s stock valued at $445,000 after buying an additional 48,400 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of ARKO by 34.8% during the first quarter. Public Employees Retirement System of Ohio now owns 75,385 shares of the company’s stock valued at $419,000 after buying an additional 19,462 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ARKO shares. Zacks Research raised ARKO from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Wall Street Zen cut ARKO from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Weiss Ratings cut ARKO from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $8.00.

ARKO Company Profile

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.