Swiss National Bank Sells 21,900 Shares of Arko Corp. (NASDAQ:ARKO)

Swiss National Bank trimmed its position in shares of Arko Corp. (NASDAQ:ARKO) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,461 shares of the company’s stock after selling 21,900 shares during the quarter. Swiss National Bank owned approximately 0.09% of Arko worth $675,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ARKO. JPMorgan Chase & Co. boosted its position in shares of Arko by 598.7% during the third quarter. JPMorgan Chase & Co. now owns 239,683 shares of the company’s stock valued at $1,683,000 after purchasing an additional 205,377 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Arko by 24.0% during the 4th quarter. Bank of New York Mellon Corp now owns 766,295 shares of the company’s stock valued at $5,050,000 after buying an additional 148,269 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Arko in the 4th quarter worth about $814,000. Barclays PLC increased its stake in shares of Arko by 98.2% in the 3rd quarter. Barclays PLC now owns 171,600 shares of the company’s stock worth $1,203,000 after acquiring an additional 85,009 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Arko in the 3rd quarter worth about $439,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Arko Trading Down 0.5 %

Arko stock opened at $4.06 on Friday. Arko Corp. has a 12 month low of $3.76 and a 12 month high of $7.84. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 3.86. The business’s fifty day simple moving average is $5.80 and its two-hundred day simple moving average is $6.45. The company has a market capitalization of $470.03 million, a price-to-earnings ratio of 25.38 and a beta of 0.61.

Arko Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.96%. The ex-dividend date was Monday, March 10th. Arko’s dividend payout ratio (DPR) is 92.31%.

Wall Street Analysts Forecast Growth

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

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.