Wellington Management Group LLP Takes $793,000 Position in Arq, Inc. (NASDAQ:ARQ)

Wellington Management Group LLP purchased a new position in shares of Arq, Inc. (NASDAQ:ARQ - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 104,745 shares of the company's stock, valued at approximately $793,000. Wellington Management Group LLP owned about 0.25% of ARQ at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARQ. Invesco Ltd. increased its holdings in ARQ by 3,981.1% in the fourth quarter. Invesco Ltd. now owns 708,324 shares of the company's stock valued at $5,362,000 after purchasing an additional 690,968 shares during the period. Nuveen Asset Management LLC grew its position in shares of ARQ by 838.8% in the 4th quarter. Nuveen Asset Management LLC now owns 313,616 shares of the company's stock valued at $2,374,000 after buying an additional 280,210 shares during the last quarter. 1492 Capital Management LLC increased its stake in shares of ARQ by 152.7% in the fourth quarter. 1492 Capital Management LLC now owns 388,633 shares of the company's stock valued at $2,942,000 after buying an additional 234,832 shares during the period. Marshall Wace LLP increased its stake in shares of ARQ by 670.4% in the fourth quarter. Marshall Wace LLP now owns 213,400 shares of the company's stock valued at $1,615,000 after buying an additional 185,700 shares during the period. Finally, Dimensional Fund Advisors LP raised its position 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 worth $3,401,000 after acquiring an additional 177,550 shares during the last quarter. 18.49% of the stock is currently owned by institutional investors.

ARQ Price Performance

Shares of NASDAQ ARQ opened at $5.30 on Friday. The company has a market capitalization of $223.72 million, a PE ratio of -530.00 and a beta of 1.70. The company has a quick ratio of 2.28, a current ratio of 2.89 and a debt-to-equity ratio of 0.08. Arq, Inc. has a twelve month low of $3.34 and a twelve month high of $8.11. The firm has a fifty day simple moving average of $4.11 and a 200 day simple moving average of $5.46.

ARQ (NASDAQ:ARQ - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.03). The firm had revenue of $27.04 million during the quarter, compared to the consensus estimate of $28.34 million. ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. During the same period last year, the business posted $0.14 EPS. On average, sell-side analysts forecast that Arq, Inc. will post -0.13 EPS for the current year.

Analysts Set New Price Targets

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

Insider Activity at ARQ

In related news, CEO Robert E. Rasmus purchased 12,535 shares of ARQ stock in a transaction on Wednesday, May 14th. The stock was acquired at an average cost of $3.93 per share, for a total transaction of $49,262.55. Following the completion of the acquisition, the chief executive officer now owns 20,718 shares of the company's stock, valued at $81,421.74. This trade represents a 153.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Joseph M. Wong sold 6,596 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $4.68, for a total transaction of $30,869.28. Following the transaction, the chief technology officer now owns 354,790 shares in the company, valued at $1,660,417.20. This represents a 1.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 165,856 shares of company stock worth $677,555 and have sold 20,588 shares worth $96,352. 26.87% of the stock is owned by corporate insiders.

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.

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