Michael Lawrence Weinstein Sells 600 Shares of Ark Restaurants Corp. (ARKR) Stock

Ark Restaurants Corp. (NASDAQ:ARKR) CEO Michael Lawrence Weinstein sold 600 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $26.16, for a total value of $15,696.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Michael Lawrence Weinstein also recently made the following trade(s):

  • On Tuesday, November 21st, Michael Lawrence Weinstein sold 300 shares of Ark Restaurants stock. The stock was sold at an average price of $24.15, for a total value of $7,245.00.

Shares of Ark Restaurants Corp. (NASDAQ:ARKR) traded up $0.06 on Friday, hitting $25.71. The company’s stock had a trading volume of 319 shares, compared to its average volume of 2,483. Ark Restaurants Corp. has a twelve month low of $21.75 and a twelve month high of $29.49. The firm has a market cap of $88.09, a P/E ratio of 22.55 and a beta of 0.30. The company has a quick ratio of 0.31, a current ratio of 0.39 and a debt-to-equity ratio of 0.18.

Ark Restaurants (NASDAQ:ARKR) last issued its earnings results on Wednesday, December 27th. The restaurant operator reported $0.37 earnings per share (EPS) for the quarter. Ark Restaurants had a return on equity of 7.04% and a net margin of 2.63%. The business had revenue of $39.47 million during the quarter.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 19th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date was Monday, December 18th. Ark Restaurants’s dividend payout ratio (DPR) is presently 87.72%.

Several institutional investors and hedge funds have recently modified their holdings of ARKR. Dalton Greiner Hartman Maher & Co. increased its stake in shares of Ark Restaurants by 15.1% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 235,445 shares of the restaurant operator’s stock worth $6,364,000 after acquiring an additional 30,965 shares during the last quarter. FMR LLC increased its stake in shares of Ark Restaurants by 3.5% in the 2nd quarter. FMR LLC now owns 227,739 shares of the restaurant operator’s stock worth $5,548,000 after acquiring an additional 7,739 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Ark Restaurants by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 116,454 shares of the restaurant operator’s stock worth $2,837,000 after acquiring an additional 1,600 shares during the last quarter. 24.73% of the stock is owned by institutional investors and hedge funds.

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About Ark Restaurants

Ark Restaurants Corp. owns and operates restaurants, bars, fast food concepts and catering operations. As of October 1, 2016, the Company owned and/or operated 21 restaurants and bars, 19 fast food concepts and catering operations through its subsidiaries. As of October 1, 2016, six of its restaurant and bar facilities were located in New York City; two were located in Washington, DC; five were located in Las Vegas, Nevada; three were located in Atlantic City, New Jersey; one was located at the Foxwoods Resort Casino in Ledyard, Connecticut; one was located in the Faneuil Hall Marketplace in Boston, Massachusetts, and three were located on the east coast of Florida.

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