CWA Asset Management Group LLC Makes New Investment in Arko Corp. (NASDAQ:ARKO)

CWA Asset Management Group LLC acquired a new stake in Arko Corp. (NASDAQ:ARKO) during the fourth quarter, Holdings Channel.com reports. The firm acquired 123,565 shares of the company’s stock, valued at approximately $814,000.

Other institutional investors have also modified their holdings of the company. Barclays PLC lifted its holdings in Arko by 98.2% during the 3rd quarter. Barclays PLC now owns 171,600 shares of the company’s stock worth $1,203,000 after buying an additional 85,009 shares during the last quarter. Aristeia Capital L.L.C. purchased a new stake in Arko during the second quarter worth approximately $488,000. Susquehanna Fundamental Investments LLC acquired a new position in Arko in the second quarter valued at approximately $495,000. The Manufacturers Life Insurance Company increased its stake in Arko by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 32,893 shares of the company’s stock valued at $206,000 after purchasing an additional 1,734 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Arko by 8.7% during the second quarter. American Century Companies Inc. now owns 116,692 shares of the company’s stock worth $732,000 after purchasing an additional 9,377 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Arko Price Performance

Shares of NASDAQ:ARKO opened at $6.35 on Wednesday. Arko Corp. has a 12 month low of $4.09 and a 12 month high of $8.39. The firm has a market capitalization of $735.15 million, a P/E ratio of 39.69 and a beta of 0.50. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.63 and a quick ratio of 1.13. The company’s fifty day moving average price is $6.84 and its 200 day moving average price is $6.58.

Arko (NASDAQ:ARKO) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Arko had a return on equity of 8.88% and a net margin of 0.27%. During the same quarter in the prior year, the business earned $0.17 EPS. As a group, sell-side analysts predict that Arko Corp. will post 0.2 earnings per share for the current fiscal year.

Arko Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 19th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Tuesday, November 19th. Arko’s dividend payout ratio is currently 75.00%.

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.