Jane Street Group LLC Buys 11,975 Shares of Arko Corp. (NASDAQ:ARKO)

Jane Street Group LLC boosted its position in Arko Corp. (NASDAQ:ARKO) by 12.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 109,881 shares of the company’s stock after purchasing an additional 11,975 shares during the quarter. Jane Street Group LLC owned approximately 0.09% of Arko worth $771,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ARKO. Copeland Capital Management LLC purchased a new position in shares of Arko in the 3rd quarter worth approximately $39,000. Quantbot Technologies LP purchased a new position in Arko in the third quarter worth $72,000. MQS Management LLC acquired a new position in shares of Arko during the third quarter worth $77,000. Intech Investment Management LLC acquired a new position in shares of Arko during the third quarter worth $98,000. Finally, Arizona State Retirement System boosted its position in shares of Arko by 27.9% in the 2nd quarter. Arizona State Retirement System now owns 18,476 shares of the company’s stock worth $116,000 after purchasing an additional 4,030 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Arko Trading Down 2.7 %

Shares of NASDAQ:ARKO opened at $6.41 on Friday. The business’s 50-day moving average is $6.87 and its 200 day moving average is $6.57. 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 Corp. has a 1 year low of $4.09 and a 1 year high of $8.40. The firm has a market capitalization of $742.09 million, a P/E ratio of 40.06 and a beta of 0.48.

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

Arko Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 19th were issued a $0.03 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.87%. Arko’s dividend payout ratio is currently 75.00%.

Arko 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.