DCF Advisers LLC Buys New Shares in Arq, Inc. (NASDAQ:ARQ)

Key Points

• DCF Advisers LLC has acquired 113,433 shares of Arq, Inc. (NASDAQ:ARQ), valued at approximately $473,000, during the first quarter.
• Institutional investors collectively own 18.49% of ARQ stock, with notable increases in holdings from firms like Avanza Fonder AB and MetLife Investment Management LLC.
• Director Richard Campbell-Breeden and CEO Robert E. Rasmus both made significant insider purchases, acquiring 75,000 and 25,000 shares, respectively, at an average price of $4.10 per share.

DCF Advisers LLC purchased a new position in Arq, Inc. (NASDAQ:ARQ - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 113,433 shares of the company's stock, valued at approximately $473,000. DCF Advisers LLC owned approximately 0.27% of ARQ at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ARQ. Invesco Ltd. increased its stake in shares of ARQ by 3,981.1% in the 4th quarter. Invesco Ltd. now owns 708,324 shares of the company's stock valued at $5,362,000 after acquiring an additional 690,968 shares during the last quarter. Geode Capital Management LLC increased its position 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 worth $5,031,000 after purchasing an additional 67,962 shares during the period. Dimensional Fund Advisors LP boosted its stake in ARQ by 65.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 449,312 shares of the company's stock valued at $3,401,000 after buying an additional 177,550 shares in the last quarter. York Capital Management Global Advisors LLC boosted its stake in shares of ARQ by 6.6% during the fourth quarter. York Capital Management Global Advisors LLC now owns 442,959 shares of the company's stock valued at $3,353,000 after purchasing an additional 27,324 shares in the last quarter. Finally, 1492 Capital Management LLC raised its position in shares of ARQ by 152.7% during the fourth quarter. 1492 Capital Management LLC now owns 388,633 shares of the company's stock worth $2,942,000 after acquiring an additional 234,832 shares during the last quarter. 18.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on ARQ shares. Canaccord Genuity Group dropped their price target on ARQ from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Craig Hallum started coverage on ARQ in a research report on Tuesday, July 15th. They issued a "buy" rating and a $10.00 price objective on the stock. Finally, Fearnley Fonds upgraded ARQ to a "strong-buy" rating in a research report on Friday, June 27th.

ARQ Stock Performance

NASDAQ ARQ traded up $1.19 during trading hours on Wednesday, hitting $6.60. The company had a trading volume of 423,268 shares, compared to its average volume of 242,715. Arq, Inc. has a 1-year low of $3.34 and a 1-year high of $8.11. The company has a market cap of $278.75 million, a PE ratio of -132.00 and a beta of 1.78. The business has a 50 day moving average of $5.43 and a 200-day moving average of $5.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.62 and a current ratio of 1.12.

Insider Transactions at ARQ

In other news, CEO Robert E. Rasmus bought 25,000 shares of ARQ stock in a transaction on Friday, May 23rd. The stock was purchased at an average cost of $4.10 per share, with a total value of $102,500.00. Following the purchase, the chief executive officer directly owned 480,782 shares of the company's stock, valued at approximately $1,971,206.20. This trade represents a 5.49% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeremy Blank purchased 50,000 shares of ARQ stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $4.10 per share, with a total value of $205,000.00. Following the completion of the purchase, the director owned 374,955 shares in the company, valued at approximately $1,537,315.50. This trade represents a 15.39% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 165,856 shares of company stock valued at $677,555 in the last ninety days. Corporate insiders own 23.89% of the company's stock.

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.