DCF Advisers LLC Purchases 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 acquired a new position in shares of Arq, Inc. (NASDAQ:ARQ - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 113,433 shares of the company's stock, valued at approximately $473,000. DCF Advisers LLC owned about 0.27% of ARQ at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ARQ. Avanza Fonder AB grew its position in ARQ by 84.6% during the first quarter. Avanza Fonder AB now owns 16,615 shares of the company's stock valued at $70,000 after purchasing an additional 7,615 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in ARQ in the fourth quarter valued at $79,000. Maven Securities LTD bought a new stake in ARQ during the 4th quarter valued at $114,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in ARQ by 14.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,695 shares of the company's stock worth $119,000 after purchasing an additional 1,998 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in ARQ by 361.1% during the 4th quarter. MetLife Investment Management LLC now owns 16,120 shares of the company's stock valued at $122,000 after purchasing an additional 12,624 shares during the period. 18.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other ARQ news, CEO Robert E. Rasmus purchased 25,000 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 $102,500.00. Following the acquisition, the chief executive officer owned 480,782 shares of the company's stock, valued at $1,971,206.20. The trade was a 5.49% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard Campbell-Breeden bought 75,000 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were acquired at an average price of $4.10 per share, for a total transaction of $307,500.00. Following the acquisition, the director directly owned 226,148 shares of the company's stock, valued at approximately $927,206.80. The trade was a 49.62% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 165,856 shares of company stock worth $677,555 and have sold 10,167 shares worth $52,868. Corporate insiders own 23.89% of the company's stock.

ARQ Trading Down 6.3%

Shares of ARQ stock traded down $0.42 during trading hours on Thursday, reaching $6.27. 162,112 shares of the company's stock were exchanged, compared to its average volume of 245,673. The company has a fifty day moving average of $5.43 and a 200-day moving average of $5.00. The company has a current ratio of 1.12, a quick ratio of 0.62 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $264.66 million, a price-to-earnings ratio of -125.40 and a beta of 1.78. Arq, Inc. has a 52-week low of $3.34 and a 52-week high of $8.11.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ARQ. Craig Hallum began coverage on ARQ in a research note on Tuesday, July 15th. They issued a "buy" rating and a $10.00 target price on the stock. Canaccord Genuity Group reduced their target price on ARQ from $9.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Fearnley Fonds upgraded shares of ARQ to a "strong-buy" rating in a research note on Friday, June 27th.

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.