Arq, Inc. (NASDAQ:ARQ) Shares Sold by Diametric Capital LP

Diametric Capital LP trimmed its position in shares of Arq, Inc. (NASDAQ:ARQ) by 82.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,330 shares of the company’s stock after selling 90,938 shares during the period. Diametric Capital LP’s holdings in ARQ were worth $146,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of ARQ during the fourth quarter valued at about $95,000. Geode Capital Management LLC increased its stake in ARQ by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 596,468 shares of the company’s stock valued at $3,502,000 after buying an additional 4,545 shares during the period. Barclays PLC raised its position in shares of ARQ by 286.9% during the 3rd quarter. Barclays PLC now owns 33,350 shares of the company’s stock worth $196,000 after buying an additional 24,731 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of ARQ by 128.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,119 shares of the company’s stock worth $1,129,000 after acquiring an additional 83,784 shares during the period. Finally, State Street Corp increased its stake in shares of ARQ by 19.6% during the third quarter. State Street Corp now owns 394,751 shares of the company’s stock valued at $2,317,000 after acquiring an additional 64,595 shares during the period. Institutional investors own 18.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their price objective on ARQ from $10.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, February 11th.

Insider Buying and Selling

In related news, CTO Joseph M. Wong sold 6,596 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $4.68, for a total transaction of $30,869.28. Following the transaction, the chief technology officer now directly owns 354,790 shares of the company’s stock, valued at approximately $1,660,417.20. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 20,588 shares of company stock valued at $96,352. Company insiders own 26.87% of the company’s stock.

ARQ Trading Up 1.7 %

Shares of NASDAQ:ARQ opened at $4.20 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.28 and a current ratio of 2.89. The stock has a market capitalization of $176.46 million, a price-to-earnings ratio of -420.00 and a beta of 1.47. Arq, Inc. has a 1-year low of $4.01 and a 1-year high of $8.26. The company has a 50 day moving average price of $5.35 and a 200 day moving average price of $6.11.

ARQ (NASDAQ:ARQ) last issued its earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. The business had revenue of $27.04 million for the quarter, compared to analysts’ expectations of $28.34 million. During the same period in the previous year, the firm posted $0.14 EPS. On average, research analysts anticipate that Arq, Inc. will post -0.13 EPS for the current fiscal year.

ARQ Company 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.