78,300 Shares in Arko Corp. (NASDAQ:ARKO) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new position in Arko Corp. (NASDAQ:ARKO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 78,300 shares of the company's stock, valued at approximately $516,000. Susquehanna Fundamental Investments LLC owned approximately 0.07% of Arko as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ARKO. Tower Research Capital LLC TRC raised its position in shares of Arko by 90.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,742 shares of the company's stock valued at $64,000 after purchasing an additional 4,639 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Arko during the fourth quarter valued at $66,000. KLP Kapitalforvaltning AS purchased a new stake in Arko during the 4th quarter worth approximately $66,000. Prudential Financial Inc. purchased a new position in Arko in the 4th quarter valued at $195,000. Finally, Intech Investment Management LLC grew its stake in Arko by 114.7% during the 4th quarter. Intech Investment Management LLC now owns 30,073 shares of the company's stock valued at $198,000 after acquiring an additional 16,069 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on ARKO. Raymond James reduced their price objective on shares of Arko from $11.00 to $10.00 and set a "strong-buy" rating on the stock in a report on Friday. Stifel Nicolaus cut Arko from a "buy" rating to a "hold" rating and decreased their target price for the company from $8.50 to $7.50 in a research report on Thursday, February 27th. Finally, Capital One Financial initiated coverage on Arko in a research note on Thursday. They set an "overweight" rating and a $8.00 price objective for the company. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Arko presently has an average rating of "Moderate Buy" and a consensus target price of $7.55.

Arko Trading Up 8.8 %

ARKO traded up $0.39 during trading on Friday, reaching $4.84. The company had a trading volume of 538,361 shares, compared to its average volume of 469,488. The firm's 50-day simple moving average is $4.05 and its 200 day simple moving average is $5.87. The company has a market cap of $555.05 million, a price-to-earnings ratio of 30.25 and a beta of 0.72. Arko Corp. has a 12-month low of $3.51 and a 12-month high of $7.84. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.13 and a current ratio of 1.63.

Arko (NASDAQ:ARKO - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.05. Arko had a return on equity of 8.88% and a net margin of 0.27%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.85 billion. Equities research analysts anticipate that Arko Corp. will post 0.2 earnings per share for the current year.

Arko Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Monday, March 10th. Arko's dividend payout ratio is presently 92.31%.

Arko 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.