Arko (NASDAQ:ARKO) Hits New 1-Year Low at $4.16

Shares of Arko Corp. (NASDAQ:ARKO) hit a new 52-week low during trading on Tuesday . The stock traded as low as $4.16 and last traded at $4.39, with a volume of 558169 shares traded. The stock had previously closed at $4.64.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ARKO shares. Wells Fargo & Company decreased their price target on shares of Arko from $7.00 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, April 19th. BMO Capital Markets reduced their target price on Arko from $8.00 to $7.00 and set a “market perform” rating on the stock in a report on Thursday, February 29th.

Arko Stock Performance

The stock’s 50 day moving average price is $5.75 and its 200 day moving average price is $7.09. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 3.77. The firm has a market cap of $497.68 million, a PE ratio of 16.80 and a beta of 0.28.

Arko (NASDAQ:ARKO) last issued 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. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.40 billion. Arko had a return on equity of 12.32% and a net margin of 0.37%. During the same quarter in the prior year, the business earned $0.09 earnings per share. As a group, equities analysts forecast that Arko Corp. will post 0.09 earnings per share for the current fiscal year.

Arko Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors 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 yield of 2.79%. The ex-dividend date of this dividend was Friday, March 8th. Arko’s payout ratio is 48.00%.

Insider Buying and Selling

In other news, major shareholder Morris Willner sold 2,792,631 shares of the firm’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 completion of the sale, the insider now directly owns 11,683,980 shares in the company, valued at $78,983,704.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.60% of the stock is currently owned by insiders.

Institutional Trading of Arko

A number of hedge funds have recently made changes to their positions in the stock. Corton Capital Inc. boosted its stake in Arko by 4.7% during the 3rd quarter. Corton Capital Inc. now owns 48,607 shares of the company’s stock valued at $348,000 after acquiring an additional 2,168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Arko by 7.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,905 shares of the company’s stock worth $264,000 after purchasing an additional 2,526 shares during the last quarter. Arizona State Retirement System grew its stake in Arko by 24.0% in the third quarter. Arizona State Retirement System now owns 18,840 shares of the company’s stock worth $135,000 after purchasing an additional 3,651 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Arko in the first quarter valued at about $61,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Arko during the fourth quarter valued at approximately $104,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.