Dimensional Fund Advisors LP purchased a new position in shares of Arq, Inc. (NASDAQ:ARQ – Free Report) during the second quarter, Holdings Channel.com reports. The fund purchased 251,130 shares of the company’s stock, valued at approximately $1,524,000.
Separately, Perritt Capital Management Inc purchased a new stake in ARQ in the second quarter valued at approximately $367,000. 18.49% of the stock is currently owned by institutional investors.
ARQ Price Performance
Shares of NASDAQ ARQ opened at $5.41 on Friday. The business’s 50 day moving average price is $5.95 and its 200 day moving average price is $6.42. The firm has a market cap of $197.52 million, a P/E ratio of -45.08 and a beta of 1.40. Arq, Inc. has a 52 week low of $1.60 and a 52 week high of $8.26. The company has a quick ratio of 1.83, a current ratio of 2.68 and a debt-to-equity ratio of 0.09.
Insider Transactions at ARQ
In related news, CEO Robert E. Rasmus bought 25,000 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was acquired at an average cost of $5.25 per share, with a total value of $131,250.00. Following the purchase, the chief executive officer now directly owns 450,792 shares of the company’s stock, valued at $2,366,658. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 26.87% of the company’s stock.
ARQ Profile
Arq, Inc produces activated carbon products in North America. The company's products include granular activated carbon, powdered and granular activated carbon, and colloidal carbon products; Arq Powder Wetcake, a fine and low-ash coal waste-derived particle; and additives for air emissions control.
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