Arko (NASDAQ:ARKO) Stock Price Down 4.8%

Arko Corp. (NASDAQ:ARKO)’s share price was down 4.8% on Monday . The company traded as low as $5.91 and last traded at $5.97. Approximately 94,274 shares traded hands during trading, a decline of 76% from the average daily volume of 386,186 shares. The stock had previously closed at $6.27.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ARKO shares. Wells Fargo & Company cut their target price on shares of Arko from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, April 19th. BMO Capital Markets dropped their price target on Arko from $7.00 to $6.00 and set a “market perform” rating on the stock in a research note on Thursday, May 9th.

Arko Stock Performance

The business’s fifty day moving average is $5.58 and its 200-day moving average is $6.47. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 4.13. The company has a market cap of $685.18 million, a PE ratio of 22.77 and a beta of 0.45.

Arko (NASDAQ:ARKO) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.15. Arko had a net margin of 0.39% and a return on equity of 13.20%. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.11 billion. As a group, research analysts predict that Arko Corp. will post 0.54 EPS for the current fiscal year.

Arko Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Friday, May 17th. Arko’s dividend payout ratio (DPR) is 46.16%.

Institutional Trading of Arko

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. bought a new position in Arko in the 1st quarter worth approximately $61,000. Counterpoint Mutual Funds LLC purchased a new position in Arko during the fourth quarter valued at $104,000. MQS Management LLC bought a new stake in Arko in the 1st quarter valued at $132,000. Price T Rowe Associates Inc. MD grew its position in shares of Arko by 15.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,216 shares of the company’s stock valued at $133,000 after purchasing an additional 3,092 shares in the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Arko by 300.0% in the fourth quarter. Gabelli Funds LLC now owns 80,000 shares of the company’s stock worth $660,000 after buying an additional 60,000 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

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.