Maury Bricks Sells 10,000 Shares of ARKO (NASDAQ:ARKO) Stock

ARKO Corp. (NASDAQ:ARKO) General Counsel Maury Bricks sold 10,000 shares of ARKO stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $8.50, for a total value of $85,000.00. Following the completion of the sale, the general counsel directly owned 162,841 shares of the company’s stock, valued at approximately $1,384,148.50. This represents a 5.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Maury Bricks also recently made the following trade(s):

• On Friday, June 5th, Maury Bricks sold 15,000 shares of ARKO stock. The shares were sold at an average price of $7.69, for a total value of $115,350.00.

ARKO Price Performance

ARKO stock opened at $8.63 on Friday. The stock has a 50-day moving average price of $6.87 and a two-hundred day moving average price of $5.87. ARKO Corp. has a 12-month low of $3.71 and a 12-month high of $8.76. The company has a current ratio of 1.62, a quick ratio of 1.19 and a debt-to-equity ratio of 1.93. The company has a market cap of $968.20 million, a PE ratio of 45.42 and a beta of 0.98.

ARKO (NASDAQ:ARKO) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.09. ARKO had a return on equity of 9.10% and a net margin of 0.38%.The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the business earned ($0.12) earnings per share. As a group, research analysts predict that ARKO Corp. will post 0.29 EPS for the current year.

ARKO Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, May 18th. ARKO’s payout ratio is 63.16%.

Institutional Investors Weigh In On ARKO

Institutional investors and hedge funds have recently modified their holdings of the stock. Teton Advisors LLC purchased a new stake in shares of ARKO in the third quarter worth about $594,000. Kemnay Advisory Services Inc. purchased a new stake in shares of ARKO in the fourth quarter worth about $58,000. Banco BTG Pactual S.A. purchased a new stake in shares of ARKO in the fourth quarter worth about $57,000. Tower Research Capital LLC TRC boosted its position in shares of ARKO by 193.1% in the second quarter. Tower Research Capital LLC TRC now owns 12,317 shares of the company’s stock worth $52,000 after buying an additional 8,115 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of ARKO by 106.8% in the first quarter. Bank of America Corp DE now owns 273,251 shares of the company’s stock worth $1,519,000 after buying an additional 141,127 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ARKO. Weiss Ratings downgraded ARKO from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. Zacks Research raised ARKO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen downgraded ARKO from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $8.00.

ARKO Company Profile

ARKO Corp (NASDAQ: ARKO) is a downstream energy and convenience retail company based in Matthews, North Carolina. The company’s core operations encompass fuel supply, distribution and retailing through a network of terminals, independent dealer locations and company-operated convenience stores. ARKO’s fuel offerings include branded and unbranded gasoline and diesel, as well as lubricants and other petroleum products marketed under various regional and private labels.

In its retail segment, ARKO operates a portfolio of convenience stores under the Kangaroo Express banner, serving on-site customers with fuel, grab-and-go food items, beverages and everyday household essentials.