Jane Street Group LLC Decreases Position in Arko Corp. (NASDAQ:ARKO)

Jane Street Group LLC reduced its position in shares of Arko Corp. (NASDAQ:ARKO - Free Report) by 74.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,849 shares of the company's stock after selling 82,032 shares during the period. Jane Street Group LLC's holdings in Arko were worth $184,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Tower Research Capital LLC TRC increased its position in Arko by 90.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,742 shares of the company's stock valued at $64,000 after purchasing an additional 4,639 shares during the period. Teton Advisors Inc. lifted its position in shares of Arko by 5.0% in the 4th quarter. Teton Advisors Inc. now owns 105,000 shares of the company's stock worth $692,000 after purchasing an additional 5,000 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Arko by 25.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,373 shares of the company's stock worth $214,000 after purchasing an additional 6,497 shares during the period. Barclays PLC boosted its stake in shares of Arko by 5.3% during the 4th quarter. Barclays PLC now owns 180,737 shares of the company's stock valued at $1,191,000 after purchasing an additional 9,137 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Arko during the 4th quarter valued at about $66,000. 78.29% of the stock is owned by institutional investors.

Arko Stock Up 1.5%

ARKO traded up $0.07 during midday trading on Tuesday, reaching $4.65. The company's stock had a trading volume of 346,390 shares, compared to its average volume of 478,694. Arko Corp. has a 1 year low of $3.51 and a 1 year high of $7.84. The stock's 50-day moving average is $4.36 and its 200-day moving average is $5.53. The firm has a market capitalization of $533.26 million, a price-to-earnings ratio of 29.06 and a beta of 0.74. 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 (NASDAQ:ARKO - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $1.85 billion. As a group, research analysts expect that Arko Corp. will post 0.2 EPS for the current year.

Arko Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders 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 2.58%. Arko's dividend payout ratio is currently 400.00%.

Wall Street Analyst Weigh In

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

About Arko

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.