Arq, Inc. $ARQ Position Increased by Gratia Capital LLC

Gratia Capital LLC lifted its holdings in shares of Arq, Inc. (NASDAQ:ARQ) by 23.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 857,962 shares of the company’s stock after purchasing an additional 164,310 shares during the quarter. ARQ accounts for approximately 4.5% of Gratia Capital LLC’s portfolio, making the stock its 6th largest position. Gratia Capital LLC owned about 2.01% of ARQ worth $4,607,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen LLC bought a new stake in ARQ during the first quarter valued at approximately $836,000. American Century Companies Inc. raised its position in shares of ARQ by 36.0% during the 1st quarter. American Century Companies Inc. now owns 52,642 shares of the company’s stock valued at $220,000 after buying an additional 13,925 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of ARQ by 568.9% during the 1st quarter. Wellington Management Group LLP now owns 700,600 shares of the company’s stock worth $2,922,000 after acquiring an additional 595,855 shares during the last quarter. Maven Securities LTD grew its position in ARQ by 436.1% in the first quarter. Maven Securities LTD now owns 80,421 shares of the company’s stock worth $335,000 after acquiring an additional 65,421 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in ARQ in the first quarter worth $44,000. 18.49% of the stock is owned by hedge funds and other institutional investors.

ARQ Stock Down 6.9%

ARQ opened at $3.35 on Friday. Arq, Inc. has a 12 month low of $3.27 and a 12 month high of $7.89. The company has a current ratio of 1.10, a quick ratio of 0.71 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $5.12 and its 200-day moving average price is $5.84. The company has a market cap of $143.02 million, a P/E ratio of -33.50 and a beta of 1.95.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). ARQ had a negative return on equity of 1.11% and a negative net margin of 3.33%. On average, equities analysts expect that Arq, Inc. will post -0.13 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on ARQ. Weiss Ratings restated a “sell (d-)” rating on shares of ARQ in a research report on Wednesday, October 8th. Wall Street Zen lowered ARQ from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Canaccord Genuity Group dropped their target price on ARQ from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Finally, Zacks Research lowered ARQ from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, ARQ presently has a consensus rating of “Hold” and a consensus price target of $9.00.

Insider Buying and Selling at ARQ

In other news, Director Richard Campbell-Breeden bought 28,638 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were bought at an average cost of $3.54 per share, with a total value of $101,378.52. Following the completion of the purchase, the director directly owned 254,786 shares in the company, valued at $901,942.44. This represents a 12.66% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert E. Rasmus purchased 50,000 shares of the company’s stock in a transaction on Monday, November 10th. The shares were purchased at an average cost of $3.79 per share, with a total value of $189,500.00. Following the transaction, the chief executive officer directly owned 70,718 shares in the company, valued at $268,021.22. This trade represents a 241.34% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 23.89% of the stock is owned by insiders.

ARQ Profile

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager.