Dimensional Fund Advisors LP Grows Position in Arq, Inc. (NASDAQ:ARQ)

Dimensional Fund Advisors LP boosted its position in Arq, Inc. (NASDAQ:ARQ - Free Report) by 65.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 449,312 shares of the company's stock after acquiring an additional 177,550 shares during the period. Dimensional Fund Advisors LP owned 1.07% of ARQ worth $3,401,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Avanza Fonder AB purchased a new position in ARQ during the 4th quarter valued at about $68,000. Intech Investment Management LLC purchased a new position in ARQ during the 4th quarter valued at about $89,000. SG Americas Securities LLC purchased a new position in ARQ during the 4th quarter valued at about $95,000. Brandywine Global Investment Management LLC purchased a new position in ARQ during the 4th quarter valued at about $121,000. Finally, Wells Fargo & Company MN lifted its position in ARQ by 66.9% during the 4th quarter. Wells Fargo & Company MN now owns 18,209 shares of the company's stock valued at $138,000 after acquiring an additional 7,298 shares during the period. Institutional investors own 18.49% of the company's stock.

ARQ Stock Down 5.3%

NASDAQ:ARQ traded down $0.25 on Monday, reaching $4.43. 181,023 shares of the stock traded hands, compared to its average volume of 260,473. The company has a market capitalization of $186.99 million, a price-to-earnings ratio of -443.00 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. Arq, Inc. has a 12 month low of $3.34 and a 12 month high of $8.11. The company's fifty day simple moving average is $4.03 and its 200 day simple moving average is $5.65.

ARQ (NASDAQ:ARQ - Get Free Report) last released 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 net margin of 0.44% and a negative return on equity of 0.25%. The business had revenue of $27.04 million during the quarter, compared to analyst estimates of $28.34 million. During the same period last year, the business earned $0.14 EPS. Equities analysts predict that Arq, Inc. will post -0.13 EPS for the current fiscal year.

Insider Transactions at ARQ

In related news, CTO Joseph M. Wong sold 6,596 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $4.68, for a total transaction of $30,869.28. Following the completion of the sale, the chief technology officer now directly owns 354,790 shares in the company, valued at approximately $1,660,417.20. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert E. Rasmus bought 12,535 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were acquired at an average price of $3.93 per share, with a total value of $49,262.55. Following the completion of the transaction, the chief executive officer now directly owns 20,718 shares of the company's stock, valued at $81,421.74. This trade represents a 153.18% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 15,856 shares of company stock worth $62,555 and sold 20,588 shares worth $96,352. Company insiders own 26.87% of the company's stock.

Analysts Set New Price Targets

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

ARQ 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.