Nebula Research & Development LLC Reduces Holdings in Arko Corp. (NASDAQ:ARKO)

Nebula Research & Development LLC lessened its stake in shares of Arko Corp. (NASDAQ:ARKO) by 21.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,393 shares of the company’s stock after selling 7,584 shares during the quarter. Nebula Research & Development LLC’s holdings in Arko were worth $187,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Cannell Capital LLC boosted its stake in shares of Arko by 55.8% during the fourth quarter. Cannell Capital LLC now owns 2,710,772 shares of the company’s stock valued at $17,864,000 after acquiring an additional 971,158 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Arko by 166.6% during the 4th quarter. JPMorgan Chase & Co. now owns 639,070 shares of the company’s stock worth $4,211,000 after purchasing an additional 399,387 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Arko by 12.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,851,140 shares of the company’s stock worth $12,200,000 after buying an additional 202,576 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Arko by 24.0% in the fourth quarter. Bank of New York Mellon Corp now owns 766,295 shares of the company’s stock valued at $5,050,000 after buying an additional 148,269 shares during the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in shares of Arko during the fourth quarter valued at approximately $814,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Arko Price Performance

ARKO opened at $4.03 on Friday. Arko Corp. has a 12 month low of $3.51 and a 12 month high of $7.84. The business has a 50-day moving average of $4.18 and a two-hundred day moving average of $5.96. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.63 and a quick ratio of 1.13. The stock has a market capitalization of $462.16 million, a price-to-earnings ratio of 25.19 and a beta of 0.68.

Arko Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.12 dividend on an annualized basis and a yield of 2.98%. Arko’s payout ratio is 92.31%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus downgraded Arko from a “buy” rating to a “hold” rating and cut their price target for the company from $8.50 to $7.50 in a report on Thursday, February 27th.

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.