Key Points
- ARKO CFO Charles Galagher Jeff purchased 40,000 shares on March 17 at an average price of $5.07, totaling $202,800, according to an SEC filing.
- ARKO declared a $0.03 quarterly dividend (annualized $0.12, ~2.4% yield) with an ex-dividend date of March 10 and payment on March 20.
- Recent quarter results beat EPS estimates, reporting $0.02 per share versus a ($0.01) consensus on $1.79 billion revenue, and the stock carries a MarketBeat consensus price target of $7.00 with an average "Hold" rating.
ARKO Corp. (NASDAQ:ARKO - Get Free Report) CFO Charles Galagher Jeff purchased 40,000 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The shares were bought at an average cost of $5.07 per share, with a total value of $202,800.00. Following the transaction, the chief financial officer directly owned 40,000 shares of the company's stock, valued at $202,800. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.
ARKO Stock Down 1.4%
Shares of ARKO opened at $4.99 on Thursday. The firm has a market cap of $553.34 million, a PE ratio of 35.65 and a beta of 0.83. The company's fifty day moving average is $5.70 and its two-hundred day moving average is $4.98. ARKO Corp. has a fifty-two week low of $3.51 and a fifty-two week high of $6.70. The company has a quick ratio of 1.22, a current ratio of 1.66 and a debt-to-equity ratio of 4.02.
ARKO (NASDAQ:ARKO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.81 billion. ARKO had a net margin of 0.30% and a return on equity of 8.58%. Analysts forecast that ARKO Corp. will post 0.2 earnings per share for the current year.
ARKO Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, March 10th. ARKO's payout ratio is 85.71%.
Institutional Trading of ARKO
Several large investors have recently bought and sold shares of ARKO. Lee Financial Co acquired a new position in shares of ARKO during the third quarter worth $891,000. Phoenix Financial Ltd. grew its holdings in ARKO by 20.4% during the 3rd quarter. Phoenix Financial Ltd. now owns 7,309,430 shares of the company's stock valued at $33,404,000 after purchasing an additional 1,239,512 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in ARKO during the 3rd quarter valued at $2,444,000. Teton Advisors LLC purchased a new stake in ARKO during the 3rd quarter worth $594,000. Finally, Rock Creek Group LP purchased a new stake in ARKO during the 2nd quarter worth $158,000. Institutional investors and hedge funds own 78.29% of the company's stock.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a "sell (d)" rating on shares of ARKO in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $7.00.
Check Out Our Latest Report on ARKO
About ARKO
(
Get Free Report)
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.
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