ABS Direct Equity Fund LLC Makes New $395,000 Investment in Arko Corp. (NASDAQ:ARKO)

ABS Direct Equity Fund LLC acquired a new stake in shares of Arko Corp. (NASDAQ:ARKO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 100,000 shares of the company's stock, valued at approximately $395,000. ABS Direct Equity Fund LLC owned 0.09% of Arko at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ARKO. Public Employees Retirement System of Ohio bought a new stake in Arko during the fourth quarter valued at about $53,000. Tower Research Capital LLC TRC increased its holdings in Arko by 90.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,742 shares of the company's stock worth $64,000 after acquiring an additional 4,639 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Arko during the fourth quarter valued at approximately $66,000. KLP Kapitalforvaltning AS bought a new position in shares of Arko in the fourth quarter worth approximately $66,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Arko in the fourth quarter worth $68,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Arko Price Performance

Shares of Arko stock opened at $4.21 on Friday. The firm has a market cap of $482.80 million, a PE ratio of 26.31 and a beta of 0.74. The stock has a 50 day moving average of $4.40 and a 200 day moving average of $5.47. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 3.86. Arko Corp. has a 12 month low of $3.51 and a 12 month high of $7.84.

Arko (NASDAQ:ARKO - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.17) by $0.05. Arko had a return on equity of 8.88% and a net margin of 0.27%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.85 billion. On average, research analysts expect that Arko Corp. will post 0.2 EPS for the current fiscal year.

Arko Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a $0.03 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.85%. Arko's payout ratio is currently 400.00%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ARKO. Capital One Financial began coverage on shares of Arko in a report on Thursday, May 8th. They issued an "overweight" rating and a $8.00 target price for the company. Stifel Nicolaus downgraded Arko from a "buy" rating to a "hold" rating and decreased their target price for the company from $8.50 to $7.50 in a research note on Thursday, February 27th. BMO Capital Markets boosted their price target on Arko from $4.50 to $5.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Raymond James cut their price objective on shares of Arko from $11.00 to $10.00 and set a "strong-buy" rating for the company in a report on Friday, May 9th. Finally, Wall Street Zen raised shares of Arko from a "sell" rating to a "hold" rating in a report on Saturday, June 7th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Arko currently has a consensus rating of "Moderate Buy" and an average price target of $7.35.

Arko Profile

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.

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