ARKO (NASDAQ:ARKO) Shares Down 5.8% – What’s Next?

ARKO Corp. (NASDAQ:ARKO)’s stock price traded down 5.8% during mid-day trading on Monday . The company traded as low as $8.08 and last traded at $8.1310. 351,877 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 772,709 shares. The stock had previously closed at $8.63.

Analyst Ratings Changes

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

ARKO Stock Down 7.4%

The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.19 and a current ratio of 1.62. The firm’s 50-day moving average is $6.87 and its two-hundred day moving average is $5.88. The stock has a market cap of $896.40 million, a P/E ratio of 42.08 and a beta of 0.98.

ARKO (NASDAQ:ARKO) last issued its earnings results on Thursday, May 7th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.09. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.65 billion. ARKO had a net margin of 0.38% and a return on equity of 9.10%. During the same quarter in the previous year, the company posted ($0.12) EPS. On average, equities research analysts anticipate that ARKO Corp. will post 0.29 earnings per share for the current year.

ARKO Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a dividend of $0.03 per share. The ex-dividend date was Monday, May 18th. This represents a $0.12 annualized dividend and a dividend yield of 1.5%. ARKO’s payout ratio is presently 63.16%.

Insider Buying and Selling at ARKO

In other ARKO news, CFO Charles Galagher Jeff bought 40,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was bought at an average price of $5.07 per share, for a total transaction of $202,800.00. Following the transaction, the chief financial officer owned 40,000 shares of the company’s stock, valued at approximately $202,800. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Maury Bricks sold 10,000 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $8.50, for a total transaction of $85,000.00. Following the sale, the general counsel owned 162,841 shares of the company’s stock, valued at $1,384,148.50. The trade was a 5.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 22.50% of the company’s stock.

Institutional Trading of ARKO

Several institutional investors and hedge funds have recently made changes to their positions in ARKO. AQR Capital Management LLC raised its position in shares of ARKO by 63.1% during the 1st quarter. AQR Capital Management LLC now owns 117,544 shares of the company’s stock valued at $464,000 after acquiring an additional 45,478 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of ARKO by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,838 shares of the company’s stock valued at $189,000 after buying an additional 2,028 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of ARKO by 37.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 762,864 shares of the company’s stock valued at $3,013,000 after buying an additional 206,061 shares during the period. Empowered Funds LLC acquired a new position in shares of ARKO in the 1st quarter valued at $1,335,000. Finally, Creative Planning grew its holdings in shares of ARKO by 37.9% in the 2nd quarter. Creative Planning now owns 15,156 shares of the company’s stock valued at $64,000 after buying an additional 4,163 shares during the period. Institutional investors own 78.29% of the company’s stock.

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.