PDT Partners LLC Increases Stock Position in Arko Corp. (NASDAQ:ARKO)

PDT Partners LLC boosted its position in shares of Arko Corp. (NASDAQ:ARKO) by 8.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 75,685 shares of the company’s stock after buying an additional 6,031 shares during the quarter. PDT Partners LLC owned approximately 0.07% of Arko worth $531,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of Arko by 72.8% during the 2nd quarter. CWM LLC now owns 4,791 shares of the company’s stock valued at $30,000 after acquiring an additional 2,018 shares during the period. Copeland Capital Management LLC acquired a new stake in Arko in the third quarter valued at approximately $39,000. Quantbot Technologies LP purchased a new stake in shares of Arko in the third quarter valued at approximately $72,000. MQS Management LLC acquired a new position in shares of Arko during the 3rd quarter worth approximately $77,000. Finally, Intech Investment Management LLC acquired a new position in shares of Arko during the 3rd quarter worth approximately $98,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company boosted their price target on shares of Arko from $5.00 to $6.25 and gave the stock an “equal weight” rating in a report on Thursday, August 8th.

Arko Trading Down 0.3 %

ARKO stock opened at $7.14 on Tuesday. Arko Corp. has a 12-month low of $4.09 and a 12-month high of $8.42. The business’s 50-day moving average is $6.87 and its 200 day moving average is $6.40. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 3.86. The stock has a market cap of $826.60 million, a price-to-earnings ratio of 44.56 and a beta of 0.47.

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

Arko Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Tuesday, November 19th. Arko’s payout ratio is 75.00%.

Arko Company Profile

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.