Dimensional Fund Advisors LP Invests $1.52 Million in Arq, Inc. (NASDAQ:ARQ)

Dimensional Fund Advisors LP purchased a new position in shares of Arq, Inc. (NASDAQ:ARQ) 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.

ARQ (NASDAQ:ARQ) last issued its earnings results on Monday, August 12th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). ARQ had a negative net margin of 4.07% and a negative return on equity of 2.38%. The firm had revenue of $25.41 million during the quarter, compared to analysts’ expectations of $20.60 million. During the same quarter in the prior year, the company earned ($0.21) EPS. On average, sell-side analysts expect that Arq, Inc. will post -0.12 earnings per share for the current year.

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.