Squarepoint Ops LLC Grows Stock Holdings in Arko Corp. (NASDAQ:ARKO)

Squarepoint Ops LLC increased its stake in Arko Corp. (NASDAQ:ARKO) by 119.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 109,807 shares of the company’s stock after buying an additional 59,769 shares during the period. Squarepoint Ops LLC owned 0.09% of Arko worth $688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Arko by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,828,020 shares of the company’s stock valued at $21,820,000 after acquiring an additional 82,831 shares in the last quarter. Aristeia Capital L.L.C. bought a new stake in Arko in the 2nd quarter worth approximately $488,000. American Century Companies Inc. raised its stake in Arko by 8.7% during the 2nd quarter. American Century Companies Inc. now owns 116,692 shares of the company’s stock valued at $732,000 after buying an additional 9,377 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Arko in the second quarter valued at about $764,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Arko by 15.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,216 shares of the company’s stock worth $133,000 after purchasing an additional 3,092 shares during the period. Institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company boosted their price objective on shares of Arko from $5.00 to $6.25 and gave the company an “equal weight” rating in a research report on Thursday, August 8th.

Arko Stock Down 2.5 %

ARKO opened at $6.95 on Tuesday. Arko Corp. has a fifty-two week low of $4.09 and a fifty-two week high of $8.42. The company has a debt-to-equity ratio of 3.97, a quick ratio of 1.06 and a current ratio of 1.58. The stock has a market cap of $804.42 million, a price-to-earnings ratio of 26.73 and a beta of 0.46. The firm’s fifty day moving average is $6.45 and its 200 day moving average is $5.88.

Arko (NASDAQ:ARKO) last released its earnings results on Tuesday, August 6th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Arko had a return on equity of 13.12% and a net margin of 0.39%. During the same period last year, the firm posted $0.11 EPS. On average, sell-side analysts forecast that Arko Corp. will post 0.31 earnings per share for the current fiscal year.

Arko Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.73%. The ex-dividend date was Monday, August 19th. Arko’s payout ratio is currently 46.15%.

Arko Company Profile

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.