ARKO (NASDAQ:ARKO) General Counsel Sells $115,350.00 in Stock

ARKO Corp. (NASDAQ:ARKO) General Counsel Maury Bricks sold 15,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $7.69, for a total value of $115,350.00. Following the completion of the sale, the general counsel owned 182,841 shares in the company, valued at $1,406,047.29. This trade represents a 7.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

ARKO Price Performance

NASDAQ ARKO traded up $0.12 during trading on Monday, reaching $7.61. The company’s stock had a trading volume of 470,650 shares, compared to its average volume of 770,592. The stock has a market capitalization of $853.74 million, a PE ratio of 40.05 and a beta of 0.98. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.62 and a quick ratio of 1.19. The firm has a fifty day moving average of $6.61 and a 200 day moving average of $5.75. ARKO Corp. has a one year low of $3.71 and a one year high of $7.95.

ARKO (NASDAQ:ARKO) last announced its earnings results on Thursday, May 7th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.09. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.65 billion. ARKO had a return on equity of 9.10% and a net margin of 0.38%.During the same period in the prior year, the company earned ($0.12) EPS. Analysts expect that ARKO Corp. will post 0.29 EPS for the current fiscal year.

ARKO Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, May 18th. ARKO’s dividend payout ratio is presently 63.16%.

Hedge Funds Weigh In On ARKO

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of ARKO by 106.8% during the first quarter. Bank of America Corp DE now owns 273,251 shares of the company’s stock valued at $1,519,000 after buying an additional 141,127 shares during the period. Royal Bank of Canada increased its position in shares of ARKO by 201.9% during the first quarter. Royal Bank of Canada now owns 6,681 shares of the company’s stock valued at $37,000 after buying an additional 4,468 shares during the period. Empowered Funds LLC increased its position in shares of ARKO by 9.8% during the first quarter. Empowered Funds LLC now owns 511,566 shares of the company’s stock valued at $2,844,000 after buying an additional 45,689 shares during the period. Empyrean Capital Partners LP purchased a new position in shares of ARKO during the first quarter valued at about $1,819,000. Finally, Renaissance Technologies LLC increased its position in shares of ARKO by 152.7% during the first quarter. Renaissance Technologies LLC now owns 80,100 shares of the company’s stock valued at $445,000 after buying an additional 48,400 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ARKO. Wall Street Zen downgraded shares of ARKO from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Zacks Research raised shares of ARKO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings downgraded shares of ARKO from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $8.00.

ARKO Company Profile

ARKO Corp (NASDAQ: ARKO) is a downstream energy and convenience retail company based in Matthews, North Carolina. The company’s core operations encompass fuel supply, distribution and retailing through a network of terminals, independent dealer locations and company-operated convenience stores. ARKO’s fuel offerings include branded and unbranded gasoline and diesel, as well as lubricants and other petroleum products marketed under various regional and private labels.

In its retail segment, ARKO operates a portfolio of convenience stores under the Kangaroo Express banner, serving on-site customers with fuel, grab-and-go food items, beverages and everyday household essentials.