Arko Corp. (NASDAQ:ARKO) Major Shareholder Sells $18,878,185.56 in Stock

Arko Corp. (NASDAQ:ARKOGet Free Report) major shareholder Morris Willner sold 2,792,631 shares of Arko stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $6.76, for a total value of $18,878,185.56. Following the completion of the transaction, the insider now directly owns 11,683,980 shares in the company, valued at $78,983,704.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Arko Stock Performance

Arko stock opened at $6.50 on Monday. The stock’s 50 day moving average price is $7.95 and its 200 day moving average price is $7.70. The firm has a market capitalization of $755.17 million, a PE ratio of 26.00 and a beta of 0.30. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.99 and a current ratio of 1.54. Arko Corp. has a one year low of $6.26 and a one year high of $9.10.

Arko (NASDAQ:ARKOGet Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.40 billion. Arko had a return on equity of 12.32% and a net margin of 0.37%. During the same period in the previous year, the company posted $0.09 EPS. As a group, sell-side analysts expect that Arko Corp. will post 0.27 EPS for the current fiscal year.

Arko Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Monday, March 11th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, March 8th. Arko’s payout ratio is currently 48.00%.

Analyst Ratings Changes

Several research firms have recently weighed in on ARKO. Wells Fargo & Company reduced their price objective on Arko from $8.00 to $7.75 and set an “equal weight” rating on the stock in a research note on Tuesday, November 7th. BMO Capital Markets reduced their price target on Arko from $8.00 to $7.00 and set a “market perform” rating on the stock in a research report on Thursday.

Check Out Our Latest Research Report on Arko

Institutional Trading of Arko

Several institutional investors have recently added to or reduced their stakes in the stock. Phoenix Holdings Ltd. acquired a new position in Arko during the 3rd quarter worth $43,726,000. BlackRock Inc. grew its stake in Arko by 3.2% in the second quarter. BlackRock Inc. now owns 5,694,530 shares of the company’s stock worth $45,272,000 after purchasing an additional 174,306 shares in the last quarter. Vanguard Group Inc. raised its stake in Arko by 3.9% during the third quarter. Vanguard Group Inc. now owns 4,143,955 shares of the company’s stock valued at $38,913,000 after buying an additional 155,194 shares in the last quarter. Invesco Ltd. raised its stake in Arko by 4.2% during the first quarter. Invesco Ltd. now owns 4,092,707 shares of the company’s stock valued at $37,244,000 after buying an additional 163,675 shares in the last quarter. Finally, State Street Corp lifted its holdings in Arko by 0.9% during the 2nd quarter. State Street Corp now owns 1,840,860 shares of the company’s stock worth $14,635,000 after buying an additional 16,384 shares during the last quarter. 75.02% of the stock is owned by institutional investors and hedge funds.

Arko Company Profile

(Get Free Report)

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPM Petroleum 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.

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