AIGH Capital Management LLC Sells 46,800 Shares of Arq, Inc. (NASDAQ:ARQ)

AIGH Capital Management LLC lessened its holdings in Arq, Inc. (NASDAQ:ARQ - Free Report) by 1.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,770,278 shares of the company's stock after selling 46,800 shares during the quarter. ARQ makes up about 4.8% of AIGH Capital Management LLC's holdings, making the stock its 4th largest position. AIGH Capital Management LLC owned 6.56% of ARQ worth $11,552,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ARQ. Price T Rowe Associates Inc. MD bought a new stake in shares of ARQ during the 4th quarter worth $79,000. Intech Investment Management LLC bought a new position in shares of ARQ in the fourth quarter valued at about $89,000. Maven Securities LTD acquired a new stake in ARQ during the fourth quarter worth about $114,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of ARQ by 14.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,695 shares of the company's stock worth $119,000 after acquiring an additional 1,998 shares during the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in ARQ during the 4th quarter worth approximately $121,000. Institutional investors and hedge funds own 18.49% of the company's stock.

ARQ Stock Performance

NASDAQ ARQ traded down $0.05 on Tuesday, hitting $5.72. 27,587 shares of the company's stock traded hands, compared to its average volume of 244,672. The firm has a market capitalization of $241.31 million, a PE ratio of -114.70 and a beta of 1.70. The firm's 50-day moving average price is $5.15 and its two-hundred day moving average price is $5.07. The company has a current ratio of 1.12, a quick ratio of 0.62 and a debt-to-equity ratio of 0.04. Arq, Inc. has a 1-year low of $3.34 and a 1-year high of $8.11.

Wall Street Analyst Weigh In

ARQ has been the topic of several recent analyst reports. Craig Hallum began coverage on ARQ in a research note on Tuesday, July 15th. They set a "buy" rating and a $10.00 target price on the stock. Canaccord Genuity Group lowered 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. Finally, Fearnley Fonds upgraded ARQ to a "strong-buy" rating in a research report on Friday, June 27th.

Insider Activity at ARQ

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

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