10,600 Shares in Arq, Inc. (NASDAQ:ARQ) Bought by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC acquired a new stake in shares of Arq, Inc. (NASDAQ:ARQ) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 10,600 shares of the company’s stock, valued at approximately $62,000.

Other hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new position in ARQ during the 2nd quarter valued at $63,000. XTX Topco Ltd bought a new stake in shares of ARQ during the 2nd quarter valued at $64,000. Mraz Amerine & Associates Inc. bought a new stake in shares of ARQ during the 3rd quarter valued at $66,000. Cubist Systematic Strategies LLC bought a new stake in shares of ARQ during the 2nd quarter valued at $71,000. Finally, Renaissance Technologies LLC bought a new stake in shares of ARQ during the 2nd quarter valued at $81,000. 18.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Robert E. Rasmus bought 25,000 shares of the stock in a transaction on Monday, September 23rd. The shares were acquired at an average price of $5.25 per share, for a total transaction of $131,250.00. Following the purchase, the chief executive officer now owns 450,792 shares of the company’s stock, valued at approximately $2,366,658. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 26.87% of the stock is currently owned by company insiders.

ARQ Stock Performance

Shares of ARQ stock opened at $5.79 on Friday. Arq, Inc. has a 12 month low of $1.61 and a 12 month high of $8.26. The stock has a market cap of $211.39 million, a PE ratio of -48.25 and a beta of 1.40. The company has a current ratio of 2.68, a quick ratio of 1.83 and a debt-to-equity ratio of 0.09. The company’s fifty day moving average price is $5.86 and its 200-day moving average price is $6.32.

ARQ (NASDAQ:ARQ) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $25.41 million during the quarter, compared to the consensus estimate of $20.60 million. ARQ had a negative return on equity of 2.38% and a negative net margin of 4.07%. During the same quarter in the previous year, the firm earned ($0.21) EPS. On average, equities analysts expect that Arq, Inc. will post -0.12 EPS for the current fiscal year.

ARQ Profile

Arq, Inc produces activated carbon products in North America. The company's products include granular activated carbon, powdered and granular activated carbon, and colloidal carbon products; Arq Powder Wetcake, a fine and low-ash coal waste-derived particle; and additives for air emissions control.