State Street Corp Sells 5,921 Shares of Arko Corp. (NASDAQ:ARKO)

State Street Corp lessened its stake in Arko Corp. (NASDAQ:ARKO) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,018,785 shares of the company’s stock after selling 5,921 shares during the period. State Street Corp owned 1.74% of Arko worth $14,172,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ARKO. Readystate Asset Management LP increased its stake in shares of Arko by 7.2% in the 3rd quarter. Readystate Asset Management LP now owns 220,972 shares of the company’s stock valued at $1,551,000 after buying an additional 14,845 shares during the period. PDT Partners LLC raised its holdings in Arko by 8.7% during the 3rd quarter. PDT Partners LLC now owns 75,685 shares of the company’s stock worth $531,000 after purchasing an additional 6,031 shares during the last quarter. Quantbot Technologies LP acquired a new position in Arko during the 3rd quarter valued at about $72,000. Intech Investment Management LLC bought a new position in shares of Arko in the 3rd quarter valued at about $98,000. Finally, MQS Management LLC bought a new position in shares of Arko in the 3rd quarter valued at about $77,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Arko Trading Up 0.6 %

ARKO opened at $6.57 on Wednesday. The firm has a 50 day simple moving average of $6.91 and a 200 day simple moving average of $6.55. Arko Corp. has a fifty-two week low of $4.09 and a fifty-two week high of $8.42. The company has a market cap of $760.62 million, a price-to-earnings ratio of 41.06 and a beta of 0.48. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.63 and a quick ratio of 1.13.

Arko (NASDAQ:ARKO) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.09). The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.43 billion. Arko had a return on equity of 8.88% and a net margin of 0.27%. During the same period in the prior year, the company earned $0.17 earnings per share. On average, sell-side analysts anticipate that Arko Corp. will post 0.2 earnings per share for the current year.

Arko Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 19th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Tuesday, November 19th. Arko’s dividend payout ratio is 75.00%.

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.