Charles Schwab Investment Management Inc. Trims Holdings in Arko Corp. (NASDAQ:ARKO)

Charles Schwab Investment Management Inc. reduced its holdings in shares of Arko Corp. (NASDAQ:ARKO) by 14.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 744,137 shares of the company’s stock after selling 127,104 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.64% of Arko worth $4,904,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PDT Partners LLC increased its holdings in shares of Arko by 8.7% in the third quarter. PDT Partners LLC now owns 75,685 shares of the company’s stock valued at $531,000 after purchasing an additional 6,031 shares during the period. Quantbot Technologies LP purchased a new position in Arko in the 3rd quarter valued at $72,000. Jane Street Group LLC grew its position in Arko by 12.2% in the 3rd quarter. Jane Street Group LLC now owns 109,881 shares of the company’s stock valued at $771,000 after buying an additional 11,975 shares during the last quarter. Intech Investment Management LLC acquired a new position in Arko in the 3rd quarter valued at $98,000. Finally, Geode Capital Management LLC raised its position in Arko by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,801,212 shares of the company’s stock worth $12,647,000 after buying an additional 14,623 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Arko Price Performance

Arko stock opened at $4.17 on Wednesday. The stock’s 50 day moving average price is $5.95 and its 200 day moving average price is $6.49. Arko Corp. has a 1-year low of $3.76 and a 1-year high of $7.84. The company has a market cap of $482.77 million, a PE ratio of 26.06 and a beta of 0.61. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.12 annualized dividend and a dividend yield of 2.88%. Arko’s payout ratio is currently 92.31%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus downgraded shares of Arko from a “buy” rating to a “hold” rating and lowered their target price for the company from $8.50 to $7.50 in a report on Thursday, February 27th.

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.