XTX Topco Ltd Purchases Shares of 104,239 ARKO Corp. (NASDAQ:ARKO)

Key Points

• XTX Topco Ltd has acquired a new stake in ARKO Corp. by purchasing 104,239 shares valued at approximately $412,000, representing roughly 0.09% ownership.
• Multiple institutional investors, including JPMorgan Chase & Co. and American Century Companies Inc., have increased their holdings in ARKO, reflecting a strong institutional interest.
• ARKO Corp. recently announced a quarterly dividend of $0.03 per share, with a payout ratio of 150.00%, indicating a commitment to returning value to shareholders.

XTX Topco Ltd acquired a new stake in shares of ARKO Corp. (NASDAQ:ARKO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 104,239 shares of the company's stock, valued at approximately $412,000. XTX Topco Ltd owned approximately 0.09% of ARKO at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ARKO. JPMorgan Chase & Co. raised its position in ARKO by 166.6% during the fourth quarter. JPMorgan Chase & Co. now owns 639,070 shares of the company's stock valued at $4,211,000 after purchasing an additional 399,387 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of ARKO by 12.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,851,140 shares of the company's stock valued at $12,200,000 after buying an additional 202,576 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of ARKO during the fourth quarter valued at about $1,248,000. ABS Direct Equity Fund LLC purchased a new position in ARKO during the first quarter worth about $395,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in ARKO by 67.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 240,661 shares of the company's stock worth $1,586,000 after purchasing an additional 97,069 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

ARKO Price Performance

ARKO stock traded up $0.11 during midday trading on Wednesday, reaching $5.12. 340,469 shares of the stock were exchanged, compared to its average volume of 594,633. The firm has a market cap of $576.67 million, a PE ratio of 63.88 and a beta of 0.74. The company's fifty day moving average is $4.45 and its 200-day moving average is $4.79. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.11 and a current ratio of 1.55. ARKO Corp. has a 52 week low of $3.51 and a 52 week high of $7.84.

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

ARKO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors 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 dividend on an annualized basis and a dividend yield of 2.3%. ARKO's dividend payout ratio (DPR) is presently 150.00%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ARKO. Wall Street Zen upgraded shares of ARKO from a "sell" rating to a "hold" rating in a report on Saturday. 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. Raymond James Financial set a $8.00 target price on shares of ARKO and gave the company a "strong-buy" rating in a research note on Friday. Finally, Capital One Financial initiated coverage on shares of ARKO in a research note on Thursday, May 8th. They issued an "overweight" rating and a $8.00 target price on the stock. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $7.13.

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.