Nuveen Asset Management LLC Grows Holdings in Arq, Inc. (NASDAQ:ARQ)

Nuveen Asset Management LLC raised its stake in Arq, Inc. (NASDAQ:ARQ - Free Report) by 838.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 313,616 shares of the company's stock after purchasing an additional 280,210 shares during the period. Nuveen Asset Management LLC owned 0.75% of ARQ worth $2,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Invesco Ltd. grew its stake in ARQ by 3,981.1% during the 4th quarter. Invesco Ltd. now owns 708,324 shares of the company's stock worth $5,362,000 after buying an additional 690,968 shares during the last quarter. 1492 Capital Management LLC grew its stake 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. Marshall Wace LLP grew its stake in shares of ARQ by 670.4% during the fourth quarter. Marshall Wace LLP now owns 213,400 shares of the company's stock worth $1,615,000 after acquiring an additional 185,700 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of ARQ by 65.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 449,312 shares of the company's stock valued at $3,401,000 after acquiring an additional 177,550 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of ARQ in the 4th quarter valued at approximately $793,000. 18.49% of the stock is currently owned by institutional investors.

ARQ Stock Performance

Shares of NASDAQ ARQ traded up $0.16 during mid-day trading on Friday, hitting $5.30. The stock had a trading volume of 214,960 shares, compared to its average volume of 263,849. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.28 and a current ratio of 2.89. The company has a 50 day moving average of $4.09 and a two-hundred day moving average of $5.50. Arq, Inc. has a twelve month low of $3.34 and a twelve month high of $8.11. The firm has a market cap of $223.72 million, a PE ratio of -530.00 and a beta of 1.70.

ARQ (NASDAQ:ARQ - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. The business had revenue of $27.04 million for the quarter, compared to the consensus estimate of $28.34 million. During the same quarter in the previous year, the business earned $0.14 EPS. Research analysts predict that Arq, Inc. will post -0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group dropped their target price on shares of ARQ from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th.

Insider Buying and Selling

In related news, CEO Robert E. Rasmus bought 25,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were purchased at an average price of $4.10 per share, for a total transaction of $102,500.00. Following the completion of the purchase, the chief executive officer now directly owns 480,782 shares of the company's stock, valued at $1,971,206.20. This represents a 5.49% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeremy Blank purchased 50,000 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 $205,000.00. Following the completion of the transaction, the director now owns 374,955 shares of the company's stock, valued at $1,537,315.50. This represents a 15.39% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 165,856 shares of company stock valued at $677,555 and sold 20,588 shares valued at $96,352. Corporate insiders own 26.87% of the company's stock.

ARQ 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.