Insider Buying: Arq, Inc. (NASDAQ:ARQ) Director Acquires 75,000 Shares of Stock

Arq, Inc. (NASDAQ:ARQ - Get Free Report) Director Richard Campbell-Breeden bought 75,000 shares of the business's stock in a transaction on Friday, May 23rd. The stock was bought at an average cost of $4.10 per share, with a total value of $307,500.00. Following the completion of the purchase, the director now directly owns 226,148 shares in the company, valued at approximately $927,206.80. The trade was a 49.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ARQ Stock Down 2.8%

ARQ stock traded down $0.14 during trading on Friday, hitting $4.95. 249,295 shares of the company's stock were exchanged, compared to its average volume of 263,646. The business has a 50-day moving average price of $4.02 and a two-hundred day moving average price of $5.54. The stock has a market capitalization of $208.94 million, a price-to-earnings ratio of -495.00 and a beta of 1.51. Arq, Inc. has a 52-week low of $3.34 and a 52-week high of $8.11. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Invesco Ltd. grew its holdings in ARQ by 3,981.1% during the fourth quarter. Invesco Ltd. now owns 708,324 shares of the company's stock worth $5,362,000 after acquiring an additional 690,968 shares during the period. Wellington Management Group LLP grew its holdings in ARQ by 568.9% during the first quarter. Wellington Management Group LLP now owns 700,600 shares of the company's stock worth $2,922,000 after acquiring an additional 595,855 shares during the period. Geode Capital Management LLC grew its holdings in ARQ by 11.4% during the fourth quarter. Geode Capital Management LLC now owns 664,430 shares of the company's stock worth $5,031,000 after acquiring an additional 67,962 shares during the period. Dimensional Fund Advisors LP grew its holdings in ARQ by 65.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 449,312 shares of the company's stock worth $3,401,000 after acquiring an additional 177,550 shares during the period. Finally, York Capital Management Global Advisors LLC grew its holdings in ARQ by 6.6% during the fourth quarter. York Capital Management Global Advisors LLC now owns 442,959 shares of the company's stock worth $3,353,000 after acquiring an additional 27,324 shares during the period. Institutional investors and hedge funds own 18.49% of the company's stock.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price objective on ARQ from $9.00 to $8.00 and set a "buy" rating for the company in a research 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.