Squarepoint Ops LLC Purchases New Shares in Arq, Inc. (NASDAQ:ARQ)

Squarepoint Ops LLC acquired a new position in Arq, Inc. (NASDAQ:ARQ) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 46,877 shares of the company’s stock, valued at approximately $285,000. Squarepoint Ops LLC owned approximately 0.13% of ARQ as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AIGH Capital Management LLC bought a new stake in shares of ARQ during the 2nd quarter worth $13,002,000. XTX Topco Ltd purchased a new stake in ARQ during the second quarter worth about $64,000. Perritt Capital Management Inc bought a new stake in ARQ in the second quarter worth about $367,000. DCF Advisers LLC purchased a new position in ARQ in the second quarter valued at about $134,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of ARQ during the 2nd quarter worth approximately $71,000. Hedge funds and other institutional investors own 18.49% of the company’s stock.

ARQ Price Performance

ARQ stock opened at $5.41 on Friday. The company has a current ratio of 2.68, a quick ratio of 1.83 and a debt-to-equity ratio of 0.09. The business’s 50 day simple moving average is $5.96 and its 200 day simple moving average is $6.43. Arq, Inc. has a 12 month low of $1.60 and a 12 month high of $8.26. The company has a market cap of $197.52 million, a price-to-earnings ratio of -45.08 and a beta of 1.40.

ARQ (NASDAQ:ARQ) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $25.41 million during the quarter, compared to analysts’ expectations of $20.60 million. ARQ had a negative return on equity of 2.38% and a negative net margin of 4.07%. During the same period last year, the business posted ($0.21) EPS. Sell-side analysts forecast that Arq, Inc. will post -0.12 EPS for the current year.

Insider Activity

In related news, CEO Robert E. Rasmus bought 25,000 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were purchased at an average price of $5.25 per share, for a total transaction of $131,250.00. Following the completion of the transaction, the chief executive officer now directly owns 450,792 shares in the company, valued at approximately $2,366,658. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 26.87% of the company’s stock.

About ARQ

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.