Voss Capital LP Invests $9.55 Million in ARKO Corp. $ARKO

Key Points

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Voss Capital LP purchased a new position in shares of ARKO Corp. (NASDAQ:ARKO - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,417,012 shares of the company's stock, valued at approximately $9,547,000. ARKO makes up approximately 0.7% of Voss Capital LP's portfolio, making the stock its 28th biggest position. Voss Capital LP owned about 2.11% of ARKO as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Corton Capital Inc. bought a new stake in shares of ARKO during the 1st quarter worth about $45,000. Hsbc Holdings PLC bought a new stake in ARKO during the 1st quarter valued at approximately $45,000. Public Employees Retirement System of Ohio bought a new stake in ARKO during the 4th quarter valued at approximately $53,000. Tower Research Capital LLC TRC boosted its stake 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. Finally, Ameriprise Financial Inc. bought a new stake in ARKO during the 4th quarter valued at approximately $68,000. Institutional investors own 78.29% of the company's stock.

ARKO Stock Performance

ARKO stock traded up $0.17 during trading hours on Friday, hitting $5.19. The stock had a trading volume of 747,074 shares, compared to its average volume of 496,191. The company has a 50-day moving average of $4.55 and a two-hundred day moving average of $4.67. The company has a quick ratio of 1.11, a current ratio of 1.55 and a debt-to-equity ratio of 4.07. The company has a market cap of $585.12 million, a PE ratio of 64.88 and a beta of 0.74. ARKO Corp. has a fifty-two week low of $3.51 and a fifty-two week high of $7.84.

ARKO (NASDAQ:ARKO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $2 billion during the quarter, compared to analysts' expectations of $2.04 billion. ARKO had a return on equity of 5.50% and a net margin of 0.18%. On average, equities research analysts anticipate that ARKO Corp. will post 0.2 EPS for the current fiscal year.

ARKO Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $0.12 annualized dividend and a yield of 2.3%. ARKO's dividend payout ratio is 150.00%.

Analyst Ratings Changes

ARKO has been the subject of several recent analyst reports. Capital One Financial initiated coverage on ARKO in a research note on Thursday, May 8th. They set an "overweight" rating and a $8.00 target price for the company. Raymond James Financial set a $8.00 target price on ARKO and gave the company a "strong-buy" rating in a research note on Friday, August 8th. Zacks Research upgraded ARKO to a "strong-buy" rating in a research note on Friday, August 8th. Wall Street Zen upgraded ARKO from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, BMO Capital Markets increased 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. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $7.13.

ARKO Profile

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.