Trexquant Investment LP Has $872,000 Stake in Arko Corp. (NASDAQ:ARKO)

Trexquant Investment LP grew its stake in shares of Arko Corp. (NASDAQ:ARKO - Free Report) by 142.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 132,347 shares of the company's stock after acquiring an additional 77,660 shares during the quarter. Trexquant Investment LP owned about 0.11% of Arko worth $872,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Jane Street Group LLC grew its stake in Arko by 12.2% during the third quarter. Jane Street Group LLC now owns 109,881 shares of the company's stock worth $771,000 after buying an additional 11,975 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Arko during the 3rd quarter worth approximately $439,000. Barclays PLC increased its stake in Arko by 98.2% in the third quarter. Barclays PLC now owns 171,600 shares of the company's stock valued at $1,203,000 after acquiring an additional 85,009 shares during the last quarter. Geode Capital Management LLC raised its position in Arko by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,801,212 shares of the company's stock valued at $12,647,000 after purchasing an additional 14,623 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Arko by 598.7% during the third quarter. JPMorgan Chase & Co. now owns 239,683 shares of the company's stock worth $1,683,000 after purchasing an additional 205,377 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Arko Price Performance

Shares of NASDAQ:ARKO traded up $0.04 during trading on Thursday, hitting $4.02. 123,889 shares of the company were exchanged, compared to its average volume of 469,169. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 3.86. Arko Corp. has a 1-year low of $2.68 and a 1-year high of $7.84. The company has a market capitalization of $464.82 million, a P/E ratio of 25.09 and a beta of 0.68. The business's 50 day moving average is $4.90 and its 200-day moving average is $6.17.

Arko Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Monday, March 10th. Arko's dividend payout ratio (DPR) is currently 92.31%.

Analyst Ratings Changes

Separately, Stifel Nicolaus cut Arko from a "buy" rating to a "hold" rating and lowered their price target for the stock from $8.50 to $7.50 in a report on Thursday, February 27th.

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.