GSA Capital Partners LLP Invests $887,000 in Arq, Inc. $ARQ

GSA Capital Partners LLP acquired a new position in shares of Arq, Inc. (NASDAQ:ARQ) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 347,700 shares of the company’s stock, valued at approximately $887,000. GSA Capital Partners LLP owned approximately 0.81% of ARQ as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARQ. Geode Capital Management LLC boosted its position in ARQ by 9.7% during the 2nd quarter. Geode Capital Management LLC now owns 766,025 shares of the company’s stock worth $4,114,000 after acquiring an additional 67,430 shares during the last quarter. Rhumbline Advisers lifted its position in shares of ARQ by 65.7% in the second quarter. Rhumbline Advisers now owns 44,607 shares of the company’s stock worth $240,000 after purchasing an additional 17,688 shares in the last quarter. American Century Companies Inc. lifted its position in shares of ARQ by 16.6% in the second quarter. American Century Companies Inc. now owns 61,364 shares of the company’s stock worth $330,000 after purchasing an additional 8,722 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in ARQ by 13.7% during the second quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company’s stock worth $63,000 after purchasing an additional 1,413 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in ARQ during the second quarter worth $93,000. Institutional investors and hedge funds own 18.49% of the company’s stock.

Wall Street Analyst Weigh In

ARQ has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of ARQ in a research note on Friday, July 17th. Wall Street Zen upgraded shares of ARQ from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ARQ currently has a consensus rating of “Hold” and an average target price of $5.00.

ARQ Stock Down 3.9%

NASDAQ:ARQ opened at $2.22 on Wednesday. The firm has a market capitalization of $96.95 million, a price-to-earnings ratio of -1.76 and a beta of 2.02. Arq, Inc. has a twelve month low of $1.54 and a twelve month high of $7.82. The stock’s 50 day moving average price is $2.29 and its two-hundred day moving average price is $2.57. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.05.

ARQ (NASDAQ:ARQ) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). ARQ had a negative return on equity of 2.54% and a negative net margin of 42.33%.The company had revenue of $29.88 million for the quarter, compared to the consensus estimate of $28.57 million.

ARQ Profile

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager. The Advanced Purification Technologies segment refers to the sale of Activated Carbon Injection and Dry Sorbent Injection equipment systems, chemical sales, consulting services, and other sales related to the reduction of emissions in the coal-fired electric generation process and the electric utility industry.