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

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

ARQ Price Performance

Shares of ARQ traded down $0.14 during trading hours on Friday, reaching $4.95. 249,295 shares of the company's stock traded hands, compared to its average volume of 263,247. The stock has a market cap of $208.94 million, a PE ratio of -495.00 and a beta of 1.51. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08. The firm's 50 day simple moving average is $4.02 and its 200-day simple moving average is $5.55. Arq, Inc. has a 12 month low of $3.34 and a 12 month high of $8.11.

ARQ (NASDAQ:ARQ - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.03). The business had revenue of $27.04 million for the quarter, compared to the consensus estimate of $28.34 million. ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. During the same quarter last year, the business posted $0.14 earnings per share. Equities analysts expect that Arq, Inc. will post -0.13 EPS for the current year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On ARQ

A number of large investors have recently bought and sold shares of the stock. Gabelli Funds LLC increased its holdings in ARQ by 27.8% during the 1st quarter. Gabelli Funds LLC now owns 41,400 shares of the company's stock valued at $173,000 after purchasing an additional 9,000 shares during the period. Walleye Capital LLC bought a new stake in shares of ARQ in the 1st quarter worth approximately $44,000. Maven Securities LTD grew its position in shares of ARQ by 436.1% in the 1st quarter. Maven Securities LTD now owns 80,421 shares of the company's stock worth $335,000 after buying an additional 65,421 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of ARQ by 568.9% during the first quarter. Wellington Management Group LLP now owns 700,600 shares of the company's stock valued at $2,922,000 after buying an additional 595,855 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of ARQ by 36.0% during the first quarter. American Century Companies Inc. now owns 52,642 shares of the company's stock valued at $220,000 after acquiring an additional 13,925 shares in the last quarter. 18.49% of the stock is owned by hedge funds and other institutional investors.

ARQ Company Profile

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.