Arko (NASDAQ:ARKO) Reaches New 52-Week Low at $4.61

Shares of Arko Corp. (NASDAQ:ARKO - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $4.61 and last traded at $4.61, with a volume of 33743 shares traded. The stock had previously closed at $4.70.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets dropped 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 4.7 %

The firm has a market capitalization of $520.49 million, a PE ratio of 17.92 and a beta of 0.28. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 3.77. The company's 50-day simple moving average is $6.33 and its 200 day simple moving average is $7.26.

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

Arko Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.68%. The ex-dividend date was Friday, March 8th. Arko's dividend payout ratio is currently 48.00%.

Insiders Place Their Bets

In other news, major shareholder Morris Willner sold 2,792,631 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 11,683,980 shares in the company, valued at $78,983,704.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 32.16% of the company's stock.

Hedge Funds Weigh In On Arko

Several hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings in shares of Arko by 149.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,004 shares of the company's stock valued at $26,000 after acquiring an additional 1,801 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Arko by 40.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,172 shares of the company's stock worth $39,000 after purchasing an additional 1,203 shares during the period. Ensign Peak Advisors Inc acquired a new position in shares of Arko in the 3rd quarter valued at about $72,000. ProShare Advisors LLC purchased a new stake in shares of Arko in the second quarter worth about $85,000. Finally, Rafferty Asset Management LLC acquired a new stake in Arko during the fourth quarter worth about $90,000. 78.29% of the stock is owned by institutional investors and hedge funds.

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.