Boothbay Fund Management LLC Sells 31,865 Shares of Arq, Inc. (NASDAQ:ARQ)

Boothbay Fund Management LLC lowered its position in Arq, Inc. (NASDAQ:ARQ) by 17.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 150,144 shares of the company’s stock after selling 31,865 shares during the quarter. Boothbay Fund Management LLC owned 0.36% of ARQ worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. State Street Corp increased its position in ARQ by 19.6% in the 3rd 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. Jane Street Group LLC increased its holdings in ARQ by 130.6% in the third quarter. Jane Street Group LLC now owns 30,436 shares of the company’s stock valued at $179,000 after purchasing an additional 17,240 shares during the period. Barclays PLC raised its position in ARQ by 286.9% during the 3rd quarter. Barclays PLC now owns 33,350 shares of the company’s stock worth $196,000 after purchasing an additional 24,731 shares during the last quarter. Geode Capital Management LLC lifted its holdings in ARQ by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 596,468 shares of the company’s stock worth $3,502,000 after buying an additional 4,545 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of ARQ in the 3rd quarter valued at about $217,000. Institutional investors own 18.49% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ARQ Price Performance

Shares of NASDAQ ARQ opened at $3.68 on Tuesday. The company has a market capitalization of $155.35 million, a PE ratio of -368.00 and a beta of 1.46. The company has a quick ratio of 2.28, a current ratio of 2.89 and a debt-to-equity ratio of 0.08. Arq, Inc. has a twelve month low of $3.34 and a twelve month high of $8.26. The firm has a fifty day simple moving average of $4.36 and a 200 day simple moving average of $5.84.

ARQ (NASDAQ:ARQ) last announced its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting 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 company had revenue of $27.04 million for the quarter, compared to the consensus estimate of $28.34 million. During the same period in the previous year, the business earned $0.14 EPS. On average, sell-side analysts forecast that Arq, Inc. will post -0.13 EPS for the current year.

Insider Transactions at ARQ

In other news, CTO Joseph M. Wong sold 6,596 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $4.68, for a total transaction of $30,869.28. Following the transaction, the chief technology officer now owns 354,790 shares of the company’s stock, valued at $1,660,417.20. This represents a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 20,588 shares of company stock valued at $96,352 in the last quarter. 26.87% of the stock is currently owned by company insiders.

ARQ 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.