Arko (NASDAQ:ARKO) Reaches New 1-Year Low at $5.48

Shares of Arko Corp. (NASDAQ:ARKO) hit a new 52-week low during trading on Tuesday . The company traded as low as $5.48 and last traded at $5.50, with a volume of 107316 shares traded. The stock had previously closed at $5.66.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets decreased their target price on shares of Arko from $8.00 to $7.00 and set a “market perform” rating for the company in a research report on Thursday, February 29th.

Arko Stock Performance

The stock has a market capitalization of $662.23 million, a P/E ratio of 22.00 and a beta of 0.30. The stock has a 50 day simple moving average of $7.16 and a two-hundred day simple moving average of $7.49. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 3.77.

Arko (NASDAQ:ARKO) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. Arko had a return on equity of 12.32% and a net margin of 0.37%. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the firm posted $0.09 EPS. On average, equities analysts forecast that Arko Corp. will post 0.09 EPS for the current fiscal year.

Arko Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, March 8th. Arko’s dividend payout ratio (DPR) is presently 48.00%.

Insider Transactions at Arko

In related news, major shareholder Morris Willner sold 2,792,631 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $6.76, for a total value 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 approximately $78,983,704.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 32.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arko

A number of large investors have recently added to or reduced their stakes in the business. Phoenix Holdings Ltd. bought a new position in Arko during the third quarter worth $43,726,000. BlackRock Inc. boosted its holdings in shares of Arko by 3.2% during the 2nd quarter. BlackRock Inc. now owns 5,694,530 shares of the company’s stock worth $45,272,000 after buying an additional 174,306 shares during the period. Vanguard Group Inc. grew its stake in Arko by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,143,955 shares of the company’s stock valued at $38,913,000 after buying an additional 155,194 shares during the last quarter. Invesco Ltd. raised its holdings in Arko by 4.2% in the 1st quarter. Invesco Ltd. now owns 4,092,707 shares of the company’s stock valued at $37,244,000 after acquiring an additional 163,675 shares during the period. Finally, State Street Corp lifted its position in Arko by 0.9% during the second quarter. State Street Corp now owns 1,840,860 shares of the company’s stock worth $14,635,000 after acquiring an additional 16,384 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Arko Company Profile

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.