130,000 Shares in ARKO Corp. $ARKO Purchased by Teton Advisors LLC

Teton Advisors LLC purchased a new position in ARKO Corp. (NASDAQ:ARKO) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 130,000 shares of the company’s stock, valued at approximately $594,000. Teton Advisors LLC owned 0.12% of ARKO at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its holdings in shares of ARKO by 193.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,317 shares of the company’s stock valued at $52,000 after acquiring an additional 8,115 shares during the last quarter. CWM LLC increased its stake in shares of ARKO by 131.8% in the third quarter. CWM LLC now owns 12,932 shares of the company’s stock worth $59,000 after acquiring an additional 7,353 shares during the period. Creative Planning raised its holdings in shares of ARKO by 37.9% during the second quarter. Creative Planning now owns 15,156 shares of the company’s stock worth $64,000 after purchasing an additional 4,163 shares during the last quarter. CANADA LIFE ASSURANCE Co acquired a new position in ARKO during the second quarter valued at $88,000. Finally, Engineers Gate Manager LP acquired a new position in ARKO during the second quarter valued at $88,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ARKO. Weiss Ratings reiterated a “sell (d)” rating on shares of ARKO in a research report on Monday, December 29th. Wall Street Zen raised ARKO from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, ARKO has a consensus rating of “Hold” and a consensus target price of $7.00.

ARKO Stock Performance

NASDAQ ARKO opened at $6.04 on Friday. The company has a fifty day moving average of $5.57 and a two-hundred day moving average of $4.96. The company has a market capitalization of $669.78 million, a PE ratio of 43.15 and a beta of 0.83. ARKO Corp. has a 1 year low of $3.51 and a 1 year high of $6.70. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.66 and a quick ratio of 1.22.

ARKO (NASDAQ:ARKO) last posted its earnings results on Wednesday, February 25th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. ARKO had a return on equity of 8.58% and a net margin of 0.30%.The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.81 billion. As a group, analysts expect 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 Friday, March 20th. Shareholders of record on Tuesday, March 10th will be paid a $0.03 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $0.12 dividend on an annualized basis and a yield of 2.0%. ARKO’s payout ratio is currently 85.71%.

ARKO 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.