Arko Corp. (NASDAQ:ARKO) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of Arko Corp. (NASDAQ:ARKO) by 24.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 766,295 shares of the company’s stock after purchasing an additional 148,269 shares during the period. Bank of New York Mellon Corp’s holdings in Arko were worth $5,050,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ARKO. Quantbot Technologies LP bought a new position in Arko during the 3rd quarter worth approximately $72,000. Intech Investment Management LLC bought a new position in Arko during the third quarter worth $98,000. XTX Topco Ltd acquired a new position in Arko in the third quarter worth $439,000. PDT Partners LLC increased its stake in Arko by 8.7% during the third quarter. PDT Partners LLC now owns 75,685 shares of the company’s stock valued at $531,000 after purchasing an additional 6,031 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of 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 purchasing an additional 11,975 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Arko Trading Up 2.1 %

Shares of NASDAQ ARKO opened at $3.98 on Tuesday. The company has a market cap of $460.77 million, a price-to-earnings ratio of 24.88 and a beta of 0.61. The stock’s 50 day simple moving average is $6.23 and its 200 day simple moving average is $6.58. 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 $3.76 and a 12-month high of $7.84.

Arko Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Monday, March 10th. Arko’s dividend payout ratio (DPR) is 92.31%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lowered shares of Arko from a “buy” rating to a “hold” rating and decreased their price target for the company 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.