Arq, Inc. (NASDAQ:ARQ) Director Jeremy Blank Acquires 50,000 Shares

Arq, Inc. (NASDAQ:ARQ) Director Jeremy Blank acquired 50,000 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average price of $4.10 per share, for a total transaction of $205,000.00. Following the purchase, the director now owns 374,955 shares of the company’s stock, valued at $1,537,315.50. This trade represents a 15.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

ARQ Price Performance

Shares of NASDAQ:ARQ opened at $5.09 on Friday. The firm’s 50 day moving average is $4.01 and its two-hundred day moving average is $5.57. Arq, Inc. has a 52 week low of $3.34 and a 52 week high of $8.11. The firm has a market capitalization of $214.85 million, a P/E ratio of -509.00 and a beta of 1.51. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08.

ARQ (NASDAQ:ARQ) last announced its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). ARQ had a negative net margin of 0.44% and a negative return on equity of 0.25%. The company had revenue of $27.04 million for the quarter, compared to analyst estimates of $28.34 million. During the same quarter last year, the business earned $0.14 earnings per share. Analysts anticipate that Arq, Inc. will post -0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group dropped their price objective on shares of ARQ from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th.

Institutional Investors Weigh In On ARQ

Several large investors have recently made changes to their positions in the company. Cerity Partners LLC acquired a new stake in shares of ARQ in the fourth quarter valued at $215,000. SG Americas Securities LLC acquired a new position in ARQ in the fourth quarter worth approximately $95,000. Wellington Management Group LLP acquired a new position in ARQ in the fourth quarter worth approximately $793,000. Dimensional Fund Advisors LP grew its position in ARQ by 65.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 449,312 shares of the company’s stock worth $3,401,000 after buying an additional 177,550 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in ARQ by 956.7% in the fourth quarter. JPMorgan Chase & Co. now owns 114,735 shares of the company’s stock worth $869,000 after buying an additional 103,877 shares during the last quarter. Institutional investors and hedge funds own 18.49% of the company’s stock.

About ARQ

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager.