ARKO (NASDAQ:ARKO) General Counsel Sells $115,350.00 in Stock

ARKO Corp. (NASDAQ:ARKO) General Counsel Maury Bricks sold 15,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $7.69, for a total transaction of $115,350.00. Following the sale, the general counsel directly owned 182,841 shares in the company, valued at $1,406,047.29. The trade was a 7.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

ARKO Stock Up 1.6%

NASDAQ:ARKO traded up $0.12 during mid-day trading on Monday, hitting $7.61. 470,650 shares of the company’s stock were exchanged, compared to its average volume of 770,592. ARKO Corp. has a one year low of $3.71 and a one year high of $7.95. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.62 and a quick ratio of 1.19. The business has a fifty day moving average price of $6.61 and a 200 day moving average price of $5.75. The company has a market cap of $853.74 million, a PE ratio of 40.05 and a beta of 0.98.

ARKO (NASDAQ:ARKO) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.09. ARKO had a net margin of 0.38% and a return on equity of 9.10%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. Equities analysts predict that ARKO Corp. will post 0.29 EPS for the current year.

ARKO Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.12 annualized dividend and a yield of 1.6%. ARKO’s payout ratio is presently 63.16%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ARKO. Zacks Research raised shares of ARKO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Wall Street Zen cut shares of ARKO from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Weiss Ratings cut shares of ARKO from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $8.00.

Hedge Funds Weigh In On ARKO

Institutional investors and hedge funds have recently made changes to their positions in the business. Teton Advisors LLC purchased a new position in shares of ARKO in the third quarter worth approximately $594,000. Empowered Funds LLC boosted its holdings in shares of ARKO by 9.8% in the first quarter. Empowered Funds LLC now owns 511,566 shares of the company’s stock worth $2,844,000 after buying an additional 45,689 shares during the last quarter. Empyrean Capital Partners LP purchased a new position in shares of ARKO in the first quarter worth approximately $1,819,000. Renaissance Technologies LLC boosted its holdings in shares of ARKO by 152.7% in the first quarter. Renaissance Technologies LLC now owns 80,100 shares of the company’s stock worth $445,000 after buying an additional 48,400 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of ARKO by 34.8% in the first quarter. Public Employees Retirement System of Ohio now owns 75,385 shares of the company’s stock worth $419,000 after buying an additional 19,462 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

ARKO Company Profile

ARKO Corp (NASDAQ: ARKO) is a downstream energy and convenience retail company based in Matthews, North Carolina. The company’s core operations encompass fuel supply, distribution and retailing through a network of terminals, independent dealer locations and company-operated convenience stores. ARKO’s fuel offerings include branded and unbranded gasoline and diesel, as well as lubricants and other petroleum products marketed under various regional and private labels.

In its retail segment, ARKO operates a portfolio of convenience stores under the Kangaroo Express banner, serving on-site customers with fuel, grab-and-go food items, beverages and everyday household essentials.