Arko (NASDAQ:ARKO) Cut to Hold at Stifel Nicolaus

Stifel Nicolaus cut shares of Arko (NASDAQ:ARKO) from a buy rating to a hold rating in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. Stifel Nicolaus currently has $7.50 price objective on the stock, down from their prior price objective of $8.50.

Arko Trading Down 0.2 %

Shares of ARKO stock opened at $4.51 on Thursday. The firm’s 50 day moving average price is $6.78 and its two-hundred day moving average price is $6.76. Arko has a fifty-two week low of $4.09 and a fifty-two week high of $7.84. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 3.86. The stock has a market cap of $522.13 million, a price-to-earnings ratio of 28.19 and a beta of 0.50.

Arko Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.03 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.66%. Arko’s dividend payout ratio (DPR) is presently 92.31%.

Institutional Trading of Arko

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Arko in the fourth quarter worth $53,000. Tower Research Capital LLC TRC increased its stake in Arko by 90.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,742 shares of the company’s stock valued at $64,000 after purchasing an additional 4,639 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Arko during the fourth quarter valued at $66,000. Victory Capital Management Inc. bought a new stake in Arko during the fourth quarter valued at $66,000. Finally, Quantbot Technologies LP bought a new stake in Arko during the third quarter valued at $72,000. Institutional investors own 78.29% of the company’s stock.

About Arko

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.