DCF Advisers LLC Takes $1.18 Million Position in Arq, Inc. $ARQ

Key Points

• DCF Advisers LLC purchased 461,585 shares of Arq during the second quarter, establishing a position worth approximately $1.18 million and representing about 1.08% of the company.
• Several other institutional investors recently initiated or expanded positions, including Franklin Resources, BlackRock, Marshall Wace, GSA Capital, and Renaissance Technologies. Institutional investors and hedge funds collectively own 18.49% of ARQ.
• Arq reported quarterly revenue of $29.88 million, above expectations, but missed earnings estimates with a loss of $0.02 per share. The stock has a consensus “Hold” rating and an average analyst price target of $5.00, versus a recent price of $2.17.

DCF Advisers LLC purchased a new stake in shares of Arq, Inc. (NASDAQ:ARQ - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 461,585 shares of the company's stock, valued at approximately $1,177,000. DCF Advisers LLC owned about 1.08% of ARQ at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. bought a new position in ARQ in the third quarter valued at about $4,015,000. BlackRock Inc. bought a new position in shares of ARQ during the 2nd quarter worth about $1,298,000. Marshall Wace LLP acquired a new stake in ARQ in the fourth quarter valued at approximately $1,453,000. GSA Capital Partners LLP bought a new stake in ARQ during the 2nd quarter valued at $887,000. Finally, Renaissance Technologies LLC increased its holdings in ARQ by 485.8% during the 4th quarter. Renaissance Technologies LLC now owns 412,299 shares of the company's stock worth $1,348,000 after purchasing an additional 341,918 shares in the last quarter. 18.49% of the stock is currently owned by institutional investors and hedge funds.

ARQ Price Performance

Shares of NASDAQ:ARQ opened at $2.17 on Thursday. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.05. Arq, Inc. has a 52 week low of $1.54 and a 52 week high of $7.82. The company's fifty day moving average is $2.28 and its 200 day moving average is $2.56. The stock has a market cap of $94.76 million, a PE ratio of -1.72 and a beta of 2.02.

ARQ (NASDAQ:ARQ - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). The company had revenue of $29.88 million for the quarter, compared to analysts' expectations of $28.57 million. ARQ had a negative net margin of 42.33% and a negative return on equity of 2.54%.

Wall Street Analysts Forecast Growth

ARQ has been the subject of a number of research analyst reports. Wall Street Zen raised ARQ from a "strong sell" rating to a "hold" rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a "sell (d-)" rating on shares of ARQ in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, ARQ currently has a consensus rating of "Hold" and an average target price of $5.00.

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. The Advanced Purification Technologies segment refers to the sale of Activated Carbon Injection and Dry Sorbent Injection equipment systems, chemical sales, consulting services, and other sales related to the reduction of emissions in the coal-fired electric generation process and the electric utility industry.

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