Arko (NASDAQ:ARKO) Sets New 12-Month Low at $4.33

Arko Corp. (NASDAQ:ARKO - Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as $4.33 and last traded at $4.36, with a volume of 39860 shares. The stock had previously closed at $4.44.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ARKO shares. BMO Capital Markets reduced their price target on shares of Arko from $8.00 to $7.00 and set a "market perform" rating for the company in a research report on Thursday, February 29th. Wells Fargo & Company decreased their target price on Arko from $7.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Friday, April 19th.

Arko Stock Performance

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 stock has a fifty day moving average price of $5.97 and a two-hundred day moving average price of $7.16. The company has a market capitalization of $505.78 million, a price-to-earnings ratio of 17.48 and a beta of 0.28.

Arko (NASDAQ:ARKO - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.09 EPS. As a group, analysts forecast that Arko Corp. will post 0.09 EPS for the current fiscal year.

Arko Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.12 annualized dividend and a yield of 2.75%. Arko's dividend payout ratio (DPR) is presently 48.00%.

Insider Transactions at Arko

In other news, major shareholder Morris Willner sold 2,792,631 shares of the 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 directly owns 11,683,980 shares in the company, valued at approximately $78,983,704.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 32.16% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. MQS Management LLC purchased a new stake in Arko during the 3rd quarter worth $95,000. Dark Forest Capital Management LP acquired a new stake in shares of Arko in the third quarter valued at about $101,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Arko during the 4th quarter valued at about $104,000. Aigen Investment Management LP acquired a new position in Arko during the 3rd quarter worth approximately $123,000. Finally, Arizona State Retirement System boosted its holdings in Arko by 24.0% in the 3rd quarter. Arizona State Retirement System now owns 18,840 shares of the company's stock worth $135,000 after acquiring an additional 3,651 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

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.