Los Angeles Capital Management LLC Buys New Stake in ARKO Corp. $ARKO

Los Angeles Capital Management LLC purchased a new position in shares of ARKO Corp. (NASDAQ:ARKO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,646 shares of the company’s stock, valued at approximately $117,000.

A number of other institutional investors also recently made changes to their positions in ARKO. Voss Capital LP acquired a new stake in shares of ARKO during the first quarter valued at $9,547,000. Empowered Funds LLC purchased a new position in ARKO in the 1st quarter valued at about $1,335,000. Nuveen LLC acquired a new stake in shares of ARKO during the 1st quarter worth about $1,284,000. Goldman Sachs Group Inc. grew its holdings in shares of ARKO by 37.0% during the first quarter. Goldman Sachs Group Inc. now owns 762,864 shares of the company’s stock worth $3,013,000 after buying an additional 206,061 shares in the last quarter. Finally, Gabelli Funds LLC grew its holdings in shares of ARKO by 134.5% during the first quarter. Gabelli Funds LLC now owns 333,000 shares of the company’s stock worth $1,315,000 after buying an additional 191,000 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

ARKO Stock Up 1.0%

Shares of ARKO opened at $4.22 on Wednesday. ARKO Corp. has a fifty-two week low of $3.51 and a fifty-two week high of $7.84. The company’s fifty day moving average is $4.44 and its two-hundred day moving average is $4.56. The firm has a market cap of $470.24 million, a PE ratio of 52.76 and a beta of 0.78. The company has a quick ratio of 1.11, a current ratio of 1.55 and a debt-to-equity ratio of 4.07.

ARKO (NASDAQ:ARKO) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). ARKO had a return on equity of 5.50% and a net margin of 0.18%.The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. Analysts forecast that ARKO Corp. will post 0.2 earnings per share for the current year.

ARKO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, November 17th. ARKO’s dividend payout ratio (DPR) is 109.09%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ARKO shares. Raymond James Financial set a $8.00 target price on shares of ARKO and gave the stock a “strong-buy” rating in a research report on Friday, August 8th. Wall Street Zen raised ARKO from a “sell” rating to a “hold” rating in a research note on Sunday. Weiss Ratings restated a “sell (d)” rating on shares of ARKO in a report on Monday. Finally, Zacks Research lowered ARKO from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.13.

ARKO 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.