ARKO (NASDAQ:ARKO) General Counsel Maury Bricks Sells 15,000 Shares of Stock

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

ARKO Stock Up 1.6%

ARKO stock opened at $7.61 on Tuesday. ARKO Corp. has a twelve month low of $3.71 and a twelve month high of $7.95. The company has a quick ratio of 1.19, a current ratio of 1.62 and a debt-to-equity ratio of 1.93. The company has a market cap of $853.77 million, a PE ratio of 40.05 and a beta of 0.98. The business’s 50-day simple moving average is $6.66 and its 200 day simple moving average is $5.77.

ARKO (NASDAQ:ARKO) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.09. ARKO had a return on equity of 9.10% and a net margin of 0.38%.The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the firm posted ($0.12) EPS. On average, research analysts anticipate that ARKO Corp. will post 0.29 earnings per share for the current year.

ARKO Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, May 18th. ARKO’s dividend payout ratio is presently 63.16%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ARKO. Zacks Research upgraded shares of ARKO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Weiss Ratings downgraded shares of ARKO from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 21st. Finally, Wall Street Zen lowered shares of ARKO from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, ARKO currently has a consensus rating of “Buy” and a consensus target price of $8.00.

Institutional Investors Weigh In On ARKO

A number of hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its stake in ARKO by 106.8% during the first quarter. Bank of America Corp DE now owns 273,251 shares of the company’s stock worth $1,519,000 after buying an additional 141,127 shares during the last quarter. Royal Bank of Canada raised its stake in shares of ARKO by 201.9% in the first quarter. Royal Bank of Canada now owns 6,681 shares of the company’s stock valued at $37,000 after acquiring an additional 4,468 shares during the last quarter. Empowered Funds LLC raised its stake in shares of ARKO by 9.8% in the first quarter. Empowered Funds LLC now owns 511,566 shares of the company’s stock valued at $2,844,000 after acquiring an additional 45,689 shares during the last quarter. Empyrean Capital Partners LP acquired a new position in shares of ARKO in the 1st quarter worth approximately $1,819,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of ARKO by 152.7% in the 1st quarter. Renaissance Technologies LLC now owns 80,100 shares of the company’s stock worth $445,000 after acquiring an additional 48,400 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.