Arko (NASDAQ:ARKO) Stock Price Up 3.6% – Here’s What Happened

Arko Corp. (NASDAQ:ARKO) traded up 3.6% during trading on Thursday . The company traded as high as $6.82 and last traded at $6.86. 29,382 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 210,559 shares. The stock had previously closed at $6.62.

Arko Trading Up 6.9 %

The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.13 and a current ratio of 1.63. The company has a market cap of $819.07 million, a price-to-earnings ratio of 44.00 and a beta of 0.50. The company’s fifty day moving average is $6.78 and its two-hundred day moving average is $6.61.

Arko (NASDAQ:ARKO) last issued its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.09). The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Arko had a return on equity of 8.88% and a net margin of 0.27%. During the same period last year, the business earned $0.17 EPS. On average, research analysts anticipate that Arko Corp. will post 0.2 EPS for the current year.

Arko Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 19th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Tuesday, November 19th. Arko’s payout ratio is currently 75.00%.

Institutional Trading of Arko

Several institutional investors have recently bought and sold shares of ARKO. Copeland Capital Management LLC purchased a new position in Arko in the 3rd quarter valued at about $39,000. Quantbot Technologies LP acquired a new stake in shares of Arko in the third quarter worth approximately $72,000. MQS Management LLC purchased a new stake in shares of Arko during the third quarter worth approximately $77,000. Intech Investment Management LLC acquired a new position in Arko in the 3rd quarter valued at $98,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Arko by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,893 shares of the company’s stock valued at $206,000 after purchasing an additional 1,734 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

About Arko

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.