Arq, Inc. (NASDAQ:ARQ) CEO Acquires $102,500.00 in Stock

Arq, Inc. (NASDAQ:ARQ - Get Free Report) CEO Robert E. Rasmus purchased 25,000 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was acquired at an average price of $4.10 per share, for a total transaction of $102,500.00. Following the transaction, the chief executive officer now owns 480,782 shares of the company's stock, valued at $1,971,206.20. The trade was a 5.49% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ARQ Stock Down 2.8%

ARQ stock traded down $0.14 during mid-day trading on Friday, hitting $4.95. 249,295 shares of the company's stock were exchanged, compared to its average volume of 263,247. Arq, Inc. has a 1-year low of $3.34 and a 1-year high of $8.11. The stock has a 50 day moving average of $4.02 and a two-hundred day moving average of $5.55. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08. The stock has a market cap of $208.94 million, a P/E ratio of -495.00 and a beta of 1.51.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ARQ. Invesco Ltd. increased its stake 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 acquiring an additional 690,968 shares during the period. Wellington Management Group LLP increased its stake in ARQ by 568.9% in the first quarter. Wellington Management Group LLP now owns 700,600 shares of the company's stock valued at $2,922,000 after acquiring an additional 595,855 shares during the period. Nuveen Asset Management LLC increased its stake in ARQ by 838.8% in the fourth quarter. Nuveen Asset Management LLC now owns 313,616 shares of the company's stock valued at $2,374,000 after acquiring an additional 280,210 shares during the period. 1492 Capital Management LLC increased its stake in 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 acquiring an additional 234,832 shares during the period. Finally, Nuveen LLC bought a new stake in ARQ in the first quarter valued at about $836,000. Institutional investors own 18.49% of the company's stock.

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.