ARKO (NASDAQ:ARKO) CFO Buys $202,800.00 in Stock

ARKO Corp. (NASDAQ:ARKO) CFO Charles Galagher Jeff purchased 40,000 shares of the stock in a transaction dated Tuesday, March 17th. The shares were bought at an average cost of $5.07 per share, for a total transaction of $202,800.00. Following the completion of the purchase, the chief financial officer owned 40,000 shares in the company, valued at approximately $202,800. This trade represents a ∞ 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 hyperlink.

ARKO Stock Down 3.5%

Shares of NASDAQ ARKO opened at $5.01 on Friday. The stock has a market capitalization of $555.56 million, a price-to-earnings ratio of 35.79 and a beta of 0.83. ARKO Corp. has a 52 week low of $3.51 and a 52 week high of $6.70. The firm has a 50-day moving average price of $5.72 and a 200 day moving average price of $4.98. 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) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.02 earnings per share 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. Equities research analysts anticipate that ARKO Corp. will post 0.2 EPS for the current fiscal year.

ARKO Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.12 annualized dividend and a yield of 2.4%. ARKO’s dividend payout ratio is 85.71%.

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 equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, ARKO presently has a consensus rating of “Hold” and a consensus target price of $7.00.

Institutional Investors Weigh In On ARKO

A number of hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC raised its position in shares of ARKO by 63.1% in the first quarter. AQR Capital Management LLC now owns 117,544 shares of the company’s stock valued at $464,000 after buying an additional 45,478 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in ARKO by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,838 shares of the company’s stock worth $189,000 after acquiring an additional 2,028 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in ARKO by 37.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 762,864 shares of the company’s stock worth $3,013,000 after acquiring an additional 206,061 shares during the period. Empowered Funds LLC purchased a new stake in ARKO in the 1st quarter worth approximately $1,335,000. Finally, Los Angeles Capital Management LLC acquired a new position in ARKO in the 2nd quarter valued at $117,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

About ARKO

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.