Nuveen LLC Purchases Shares of 324,950 ARKO Corp. $ARKO

Key Points

• Nuveen LLC acquired a new stake in ARKO Corp., purchasing 324,950 shares valued at approximately $1,284,000, representing a 0.28% ownership in the company.
• The company recently reported an earnings per share (EPS) of $0.16, exceeding analyst estimates of $0.12, while also announcing a quarterly dividend of $0.03 per share.
• Equity analysts have increased their price targets for ARKO, with Raymond James setting a target of $8.00 and a consensus rating of "Buy" among analysts, suggesting positive sentiment around the stock.

Nuveen LLC purchased a new position in ARKO Corp. (NASDAQ:ARKO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 324,950 shares of the company's stock, valued at approximately $1,284,000. Nuveen LLC owned about 0.28% of ARKO as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of ARKO. Corton Capital Inc. purchased a new position in ARKO during the first quarter worth $45,000. Public Employees Retirement System of Ohio purchased a new position in ARKO during the fourth quarter worth $53,000. Tower Research Capital LLC TRC boosted its stake in ARKO by 90.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,742 shares of the company's stock worth $64,000 after buying an additional 4,639 shares during the period. Ameriprise Financial Inc. purchased a new position in ARKO during the fourth quarter worth $68,000. Finally, Cetera Investment Advisers purchased a new position in ARKO during the fourth quarter worth $92,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen raised shares of ARKO from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Zacks Research raised shares of ARKO to a "strong-buy" rating in a research note on Friday, August 8th. Raymond James Financial set a $8.00 price objective on shares of ARKO and gave the stock a "strong-buy" rating in a research note on Friday, August 8th. Capital One Financial initiated coverage on shares of ARKO in a research note on Thursday, May 8th. They set an "overweight" rating and a $8.00 target price for the company. Finally, BMO Capital Markets boosted their target price on shares of ARKO from $4.50 to $5.00 and gave the company a "market perform" rating in a research note on Monday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $7.13.

ARKO Stock Up 0.1%

NASDAQ:ARKO traded up $0.01 during mid-day trading on Thursday, reaching $4.87. The company's stock had a trading volume of 135,600 shares, compared to its average volume of 590,380. ARKO Corp. has a 1 year low of $3.51 and a 1 year high of $7.84. The stock has a fifty day moving average of $4.64 and a 200-day moving average of $4.58. The firm has a market capitalization of $548.49 million, a PE ratio of 60.95 and a beta of 0.78. The company has a quick ratio of 1.11, a current ratio of 1.55 and a debt-to-equity ratio of 4.07.

ARKO (NASDAQ:ARKO - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. ARKO had a net margin of 0.18% and a return on equity of 5.50%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.04 billion. Equities research analysts forecast that ARKO Corp. will post 0.2 earnings per share for the current year.

ARKO Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a $0.03 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.12 dividend on an annualized basis and a yield of 2.5%. ARKO's dividend payout ratio is 150.00%.

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.