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

Dimensional Fund Advisors LP grew its holdings in shares of Arq, Inc. (NASDAQ:ARQ - Free Report) by 65.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 449,312 shares of the company's stock after acquiring an additional 177,550 shares during the quarter. Dimensional Fund Advisors LP owned 1.07% of ARQ worth $3,401,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cerity Partners LLC acquired a new position in shares of ARQ in the fourth quarter valued at approximately $215,000. SG Americas Securities LLC acquired a new position in shares of ARQ in the fourth quarter valued at approximately $95,000. Wellington Management Group LLP acquired a new position in shares of ARQ in the fourth quarter valued at approximately $793,000. JPMorgan Chase & Co. increased its stake in shares of ARQ by 956.7% in the fourth quarter. JPMorgan Chase & Co. now owns 114,735 shares of the company's stock valued at $869,000 after buying an additional 103,877 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of ARQ by 11.4% in the fourth quarter. Geode Capital Management LLC now owns 664,430 shares of the company's stock valued at $5,031,000 after buying an additional 67,962 shares during the period. Institutional investors and hedge funds own 18.49% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity at ARQ

In other ARQ news, CTO Joseph M. Wong sold 6,596 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $4.68, for a total transaction of $30,869.28. Following the transaction, the chief technology officer now directly owns 354,790 shares in the company, valued at approximately $1,660,417.20. This represents a 1.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert E. Rasmus purchased 12,535 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were acquired at an average price of $3.93 per share, for a total transaction of $49,262.55. Following the completion of the acquisition, the chief executive officer now directly owns 20,718 shares in the company, valued at approximately $81,421.74. This represents a 153.18% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 15,856 shares of company stock worth $62,555 and have sold 20,588 shares worth $96,352. 26.87% of the stock is currently owned by company insiders.

ARQ Trading Up 15.6%

ARQ stock traded up $0.63 during trading on Friday, hitting $4.68. The company had a trading volume of 456,819 shares, compared to its average volume of 260,201. The business has a 50-day moving average of $4.04 and a 200-day moving average of $5.67. Arq, Inc. has a one year low of $3.34 and a one year high of $8.11. The stock has a market cap of $197.55 million, a PE ratio of -468.00 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 (NASDAQ:ARQ - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. The business had revenue of $27.04 million for the quarter, compared to analysts' expectations of $28.34 million. During the same period in the prior year, the business posted $0.14 earnings per share. Research analysts predict that Arq, Inc. will post -0.13 earnings per share for the current fiscal year.

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.