Jeremy Blank Purchases 50,000 Shares of Arq, Inc. (NASDAQ:ARQ) Stock

Arq, Inc. (NASDAQ:ARQ - Get Free Report) Director Jeremy Blank bought 50,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were acquired at an average price of $4.10 per share, with a total value of $205,000.00. Following the completion of the acquisition, the director now directly owns 374,955 shares of the company's stock, valued at approximately $1,537,315.50. The trade was a 15.39% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

ARQ Stock Up 3.4%

Shares of ARQ traded up $0.17 on Monday, hitting $5.11. 197,478 shares of the stock traded hands, compared to its average volume of 263,382. The company has a market capitalization of $215.70 million, a PE ratio of -511.00 and a beta of 1.51. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.28 and a current ratio of 2.89. The business has a 50 day simple moving average of $4.03 and a 200 day simple moving average of $5.52. Arq, Inc. has a one year low of $3.34 and a one year high of $8.11.

ARQ (NASDAQ:ARQ - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $27.04 million during the quarter, compared to the consensus estimate of $28.34 million. ARQ had a negative net margin of 0.44% and a negative return on equity of 0.25%. During the same quarter last year, the firm earned $0.14 earnings per share. As a group, equities analysts forecast that Arq, Inc. will post -0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARQ

Several institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in ARQ in the 4th quarter worth approximately $95,000. Charles Schwab Investment Management Inc. grew its position in ARQ by 12.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 79,646 shares of the company's stock worth $603,000 after purchasing an additional 8,909 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in ARQ by 128.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,119 shares of the company's stock worth $1,129,000 after purchasing an additional 83,784 shares during the period. Intech Investment Management LLC bought a new stake in ARQ in the 4th quarter worth approximately $89,000. Finally, American Century Companies Inc. grew its position in ARQ by 32.3% in the 4th quarter. American Century Companies Inc. now owns 38,717 shares of the company's stock worth $293,000 after purchasing an additional 9,442 shares during the period. Institutional investors own 18.49% of the company's stock.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their target price on shares of ARQ from $9.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, May 8th.

About ARQ

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager.