Arko Corp. (NASDAQ:ARKO) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in shares of Arko Corp. (NASDAQ:ARKO) by 98.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 171,600 shares of the company’s stock after purchasing an additional 85,009 shares during the period. Barclays PLC’s holdings in Arko were worth $1,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Copeland Capital Management LLC purchased a new stake in shares of Arko in the third quarter valued at approximately $39,000. Quantbot Technologies LP purchased a new stake in shares of Arko during the 3rd quarter worth $72,000. MQS Management LLC purchased a new position in shares of Arko in the 3rd quarter valued at about $77,000. Intech Investment Management LLC acquired a new stake in shares of Arko in the third quarter valued at about $98,000. Finally, Arizona State Retirement System boosted its holdings in Arko by 27.9% during the second quarter. Arizona State Retirement System now owns 18,476 shares of the company’s stock worth $116,000 after buying an additional 4,030 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Arko Stock Performance

Shares of Arko stock opened at $6.31 on Tuesday. The company has a 50-day moving average of $6.81 and a two-hundred day moving average of $6.58. The stock has a market cap of $730.52 million, a PE ratio of 39.44 and a beta of 0.50. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 3.86. Arko Corp. has a 12-month low of $4.09 and a 12-month high of $8.39.

Arko (NASDAQ:ARKO) last posted its earnings results on Thursday, November 7th. The company reported $0.07 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 previous year, the firm posted $0.17 earnings per share. On average, research analysts anticipate that Arko Corp. will post 0.2 EPS for the current fiscal year.

Arko Announces Dividend

The business also recently disclosed 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 dividend yield of 1.90%. The ex-dividend date of this dividend was Tuesday, November 19th. Arko’s 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.