27,646 Shares in ARKO Corp. $ARKO Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new stake in ARKO Corp. (NASDAQ:ARKO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,646 shares of the company’s stock, valued at approximately $117,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Corton Capital Inc. acquired a new stake in shares of ARKO in the first quarter valued at about $45,000. Hsbc Holdings PLC purchased a new position in ARKO in the 1st quarter worth approximately $45,000. PEAK6 LLC acquired a new stake in ARKO in the first quarter valued at approximately $50,000. Rafferty Asset Management LLC raised its stake in shares of ARKO by 87.3% during the first quarter. Rafferty Asset Management LLC now owns 19,656 shares of the company’s stock valued at $78,000 after purchasing an additional 9,163 shares during the period. Finally, Significant Wealth Partners LLC raised its stake in shares of ARKO by 58.6% during the second quarter. Significant Wealth Partners LLC now owns 19,266 shares of the company’s stock valued at $81,000 after purchasing an additional 7,118 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

ARKO Price Performance

ARKO opened at $4.22 on Wednesday. The company has a market capitalization of $470.24 million, a P/E ratio of 52.76 and a beta of 0.78. The company has a 50-day moving average of $4.44 and a 200-day moving average of $4.56. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.11 and a current ratio of 1.55. ARKO Corp. has a 1-year low of $3.51 and a 1-year high of $7.84.

ARKO (NASDAQ:ARKO) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2 billion. ARKO had a return on equity of 5.50% and a net margin of 0.18%. Equities analysts expect that ARKO Corp. will post 0.2 EPS for the current fiscal year.

ARKO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a $0.03 dividend. The ex-dividend date is Monday, November 17th. This represents a $0.12 annualized dividend and a dividend yield of 2.8%. ARKO’s dividend payout ratio (DPR) is presently 109.09%.

Analyst Ratings Changes

ARKO has been the subject of several analyst reports. Zacks Research downgraded shares of ARKO from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “sell (d)” rating on shares of ARKO in a research report on Monday. Wall Street Zen raised ARKO from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Raymond James Financial set a $8.00 price target on ARKO and gave the company a “strong-buy” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, ARKO currently has a consensus rating of “Hold” and a consensus price target of $7.13.

ARKO Company 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.