Arko Corp. (NASDAQ:ARKO) Shares Acquired by CM Management LLC

CM Management LLC boosted its holdings in shares of Arko Corp. (NASDAQ:ARKO) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,050,000 shares of the company’s stock after purchasing an additional 30,000 shares during the quarter. Arko comprises approximately 6.0% of CM Management LLC’s holdings, making the stock its largest position. CM Management LLC’s holdings in Arko were worth $6,920,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Arko by 598.7% during the third quarter. JPMorgan Chase & Co. now owns 239,683 shares of the company’s stock worth $1,683,000 after buying an additional 205,377 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Arko by 24.0% in the 4th quarter. Bank of New York Mellon Corp now owns 766,295 shares of the company’s stock worth $5,050,000 after purchasing an additional 148,269 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Arko in the 4th quarter valued at about $814,000. Barclays PLC increased its stake in Arko by 98.2% in the third quarter. Barclays PLC now owns 171,600 shares of the company’s stock valued at $1,203,000 after purchasing an additional 85,009 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Arko during the third quarter worth about $439,000. 78.29% of the stock is owned by institutional investors.

Arko Trading Up 2.2 %

Shares of ARKO stock opened at $4.12 on Friday. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.13 and a current ratio of 1.63. Arko Corp. has a fifty-two week low of $3.86 and a fifty-two week high of $7.84. The company has a market cap of $476.98 million, a PE ratio of 25.75 and a beta of 0.61. The stock’s fifty day moving average price is $6.54 and its two-hundred day moving average price is $6.68.

Arko Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.91%. The ex-dividend date is Monday, March 10th. Arko’s payout ratio is 92.31%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lowered shares of Arko from a “buy” rating to a “hold” rating and reduced their target price for the stock from $8.50 to $7.50 in a research note on Thursday, February 27th.

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.