Arko (NASDAQ:ARKO) Hits New 52-Week Low at $4.94

Arko Corp. (NASDAQ:ARKO - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.94 and last traded at $5.02, with a volume of 49569 shares changing hands. The stock had previously closed at $5.12.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lowered their target price on shares of Arko from $8.00 to $7.00 and set a "market perform" rating on the stock in a report on Thursday, February 29th.

Arko Trading Down 5.3 %

The company has a market capitalization of $563.47 million, a price-to-earnings ratio of 19.92 and a beta of 0.28. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.03 and a current ratio of 1.54. The firm has a fifty day moving average price of $6.71 and a 200-day moving average price of $7.36.

Arko (NASDAQ:ARKO - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.40 billion. Arko had a return on equity of 12.32% and a net margin of 0.37%. During the same period in the previous year, the business posted $0.09 earnings per share. As a group, equities analysts anticipate that Arko Corp. will post 0.09 EPS for the current year.

Arko Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were given a dividend of $0.03 per share. The ex-dividend date was Friday, March 8th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.47%. Arko's dividend payout ratio (DPR) is 48.00%.

Insider Buying and Selling

In other Arko news, major shareholder Morris Willner sold 2,792,631 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $6.76, for a total transaction of $18,878,185.56. Following the completion of the sale, the insider now owns 11,683,980 shares of the company's stock, valued at approximately $78,983,704.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 32.16% of the stock is owned by insiders.

Hedge Funds Weigh In On Arko

Several hedge funds and other institutional investors have recently bought and sold shares of ARKO. Vanguard Group Inc. raised its position in shares of Arko by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 3,745,189 shares of the company's stock worth $30,898,000 after acquiring an additional 119,075 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Arko by 0.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 806,157 shares of the company's stock valued at $6,651,000 after buying an additional 4,591 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Arko by 9.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,124 shares of the company's stock worth $167,000 after buying an additional 1,783 shares in the last quarter. Legal & General Group Plc grew its position in shares of Arko by 4.0% during the 4th quarter. Legal & General Group Plc now owns 60,032 shares of the company's stock worth $495,000 after buying an additional 2,322 shares during the period. Finally, Barclays PLC increased its stake in shares of Arko by 125.0% in the 4th quarter. Barclays PLC now owns 172,751 shares of the company's stock valued at $1,424,000 after acquiring an additional 95,970 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Arko Company 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.