ARKO Corp. $ARKO Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC trimmed its stake in shares of ARKO Corp. (NASDAQ:ARKO) by 27.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,659 shares of the company’s stock after selling 13,351 shares during the quarter. Neuberger Berman Group LLC’s holdings in ARKO were worth $147,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH acquired a new stake in shares of ARKO in the 1st quarter valued at about $353,000. XTX Topco Ltd acquired a new position in ARKO in the first quarter worth about $412,000. Charles Schwab Investment Management Inc. increased its holdings in ARKO by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 748,109 shares of the company’s stock valued at $2,955,000 after buying an additional 3,972 shares during the last quarter. Nuveen LLC acquired a new stake in ARKO during the first quarter valued at approximately $1,284,000. Finally, American Century Companies Inc. raised its stake in ARKO by 6.8% during the first quarter. American Century Companies Inc. now owns 156,453 shares of the company’s stock valued at $618,000 after buying an additional 9,942 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

ARKO Price Performance

Shares of NASDAQ:ARKO opened at $4.75 on Friday. The stock has a market cap of $529.30 million, a price-to-earnings ratio of 59.38 and a beta of 0.78. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.55 and a quick ratio of 1.11. ARKO Corp. has a 12 month low of $3.51 and a 12 month high of $7.84. The stock’s 50 day moving average price is $4.36 and its 200 day moving average price is $4.56.

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

ARKO Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.12 annualized dividend and a yield of 2.5%. ARKO’s dividend payout ratio (DPR) is currently 109.09%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of ARKO in a research report on Monday, November 24th. Zacks Research cut ARKO from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Raymond James Financial set a $8.00 price objective on shares of ARKO and gave the stock a “strong-buy” rating in a report on Friday, August 8th. Finally, Wall Street Zen raised shares of ARKO from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average 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.