JPMorgan Chase & Co. Boosts Stock Position in Arko Corp. (NASDAQ:ARKO)

JPMorgan Chase & Co. grew its position in Arko Corp. (NASDAQ:ARKO) by 598.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 239,683 shares of the company’s stock after acquiring an additional 205,377 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.21% of Arko worth $1,683,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Copeland Capital Management LLC bought a new stake in shares of Arko in the 3rd quarter valued at approximately $39,000. Quantbot Technologies LP bought a new position in Arko during the 3rd quarter worth $72,000. MQS Management LLC bought a new position in Arko during the 3rd quarter worth $77,000. Intech Investment Management LLC bought a new position in Arko during the 3rd quarter worth $98,000. Finally, The Manufacturers Life Insurance Company grew its stake in Arko by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,893 shares of the company’s stock worth $206,000 after buying an additional 1,734 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Arko Price Performance

Shares of ARKO opened at $6.62 on Thursday. The company has a market cap of $766.40 million, a P/E ratio of 41.38 and a beta of 0.50. The stock has a fifty day moving average price of $6.78 and a 200 day moving average price of $6.61. 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 12 month low of $4.09 and a 12 month high of $8.39.

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

Arko Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders 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 annualized dividend and a dividend yield of 1.81%. Arko’s dividend payout ratio (DPR) 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.