Voss Capital LP Purchases New Stake in ARKO Corp. $ARKO

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Voss Capital LP purchased a new stake in ARKO Corp. (NASDAQ:ARKO - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,417,012 shares of the company's stock, valued at approximately $9,547,000. ARKO makes up about 0.7% of Voss Capital LP's investment portfolio, making the stock its 28th biggest holding. Voss Capital LP owned about 2.11% of ARKO at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in ARKO by 12.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,851,140 shares of the company's stock valued at $12,200,000 after purchasing an additional 202,576 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in ARKO by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 748,109 shares of the company's stock valued at $2,955,000 after purchasing an additional 3,972 shares in the last quarter. Northern Trust Corp raised its stake in ARKO by 9.0% in the fourth quarter. Northern Trust Corp now owns 709,445 shares of the company's stock valued at $4,675,000 after purchasing an additional 58,453 shares in the last quarter. Nuveen LLC acquired a new position in ARKO in the first quarter valued at about $1,284,000. Finally, CastleKnight Management LP raised its stake in ARKO by 14.7% in the fourth quarter. CastleKnight Management LP now owns 321,613 shares of the company's stock valued at $2,119,000 after purchasing an additional 41,179 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Analysts Set New Price Targets

ARKO has been the subject of a number of analyst reports. Capital One Financial initiated coverage on ARKO in a research note on Thursday, May 8th. They issued an "overweight" rating and a $8.00 price target for the company. Zacks Research raised ARKO to a "strong-buy" rating in a research note on Friday, August 8th. Wall Street Zen raised ARKO from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. BMO Capital Markets boosted their target price on ARKO from $4.50 to $5.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. Finally, Raymond James Financial set a $8.00 target price on ARKO and gave the stock a "strong-buy" rating in a research note on Friday, August 8th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $7.13.

ARKO Stock Up 3.1%

Shares of NASDAQ ARKO opened at $5.00 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.11 and a debt-to-equity ratio of 4.07. The company has a market cap of $563.70 million, a price-to-earnings ratio of 62.51 and a beta of 0.74. ARKO Corp. has a 12 month low of $3.51 and a 12 month high of $7.84. The stock has a 50-day moving average price of $4.50 and a two-hundred day moving average price of $4.72.

ARKO (NASDAQ:ARKO - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.04 billion. ARKO had a return on equity of 5.50% and a net margin of 0.18%. As a group, analysts forecast that ARKO Corp. will post 0.2 earnings per share for the current fiscal year.

ARKO Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, August 18th. ARKO's 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.

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