Los Angeles Capital Management LLC Reduces Stock Holdings in Arko Corp. (NASDAQ:ARKO)

Los Angeles Capital Management LLC reduced its stake in shares of Arko Corp. (NASDAQ:ARKO) by 11.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,001 shares of the company’s stock after selling 4,900 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Arko were worth $267,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Arko by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,828,020 shares of the company’s stock valued at $21,820,000 after buying an additional 82,831 shares during the period. CM Management LLC grew its holdings in shares of Arko by 41.7% during the 2nd quarter. CM Management LLC now owns 1,020,000 shares of the company’s stock worth $6,395,000 after acquiring an additional 300,000 shares during the period. Bank of New York Mellon Corp raised its position in shares of Arko by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 666,222 shares of the company’s stock worth $4,177,000 after acquiring an additional 59,751 shares in the last quarter. Gabelli Funds LLC lifted its stake in shares of Arko by 12.8% in the 2nd quarter. Gabelli Funds LLC now owns 132,000 shares of the company’s stock valued at $828,000 after purchasing an additional 15,000 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Arko by 14.7% during the second quarter. Rhumbline Advisers now owns 130,596 shares of the company’s stock valued at $819,000 after purchasing an additional 16,745 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wells Fargo & Company increased their price objective on Arko from $5.00 to $6.25 and gave the stock an “equal weight” rating in a report on Thursday, August 8th.

Arko Price Performance

Shares of NASDAQ ARKO opened at $6.52 on Tuesday. The company has a 50 day simple moving average of $6.78 and a two-hundred day simple moving average of $6.28. Arko Corp. has a fifty-two week low of $4.09 and a fifty-two week high of $8.42. The company has a market capitalization of $754.82 million, a price-to-earnings ratio of 40.75 and a beta of 0.47. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.13 and a current ratio of 1.63.

Arko (NASDAQ:ARKO) last announced its quarterly earnings data 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). Arko had a net margin of 0.27% and a return on equity of 8.88%. The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter in the previous year, the firm posted $0.17 EPS. Analysts expect that Arko Corp. will post 0.2 EPS for the current fiscal year.

Arko Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, November 19th. This represents a $0.12 dividend on an annualized basis and a yield of 1.84%. Arko’s dividend payout ratio is currently 75.00%.

Arko 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.