Aristides Capital LLC Takes Position in Arq, Inc. (NASDAQ:ARQ)

Aristides Capital LLC acquired a new position in shares of Arq, Inc. (NASDAQ:ARQ) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 44,449 shares of the company’s stock, valued at approximately $270,000. Aristides Capital LLC owned about 0.12% of ARQ as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. AIGH Capital Management LLC bought a new position in shares of ARQ during the second quarter valued at $13,002,000. Dimensional Fund Advisors LP bought a new position in ARQ during the 2nd quarter worth $1,524,000. Perritt Capital Management Inc acquired a new position in ARQ during the 2nd quarter worth about $367,000. Squarepoint Ops LLC bought a new stake in shares of ARQ in the 2nd quarter valued at about $285,000. Finally, DCF Advisers LLC acquired a new stake in shares of ARQ in the second quarter valued at about $134,000. Institutional investors and hedge funds own 18.49% of the company’s stock.

Insiders Place Their Bets

In other ARQ news, CEO Robert E. Rasmus purchased 25,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were purchased at an average cost of $5.25 per share, for a total transaction of $131,250.00. Following the acquisition, the chief executive officer now owns 450,792 shares of the company’s stock, valued at $2,366,658. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 22.16% of the stock is currently owned by corporate insiders.

ARQ Price Performance

ARQ stock opened at $5.87 on Tuesday. The stock’s 50 day moving average is $6.11 and its 200 day moving average is $6.47. Arq, Inc. has a one year low of $1.60 and a one year high of $8.26. The firm has a market cap of $211.55 million, a P/E ratio of -21.74 and a beta of 1.41. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.68 and a quick ratio of 1.83.

ARQ (NASDAQ:ARQ) last released its earnings results on Monday, August 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $25.41 million during the quarter, compared to analyst estimates of $20.60 million. ARQ had a negative net margin of 4.07% and a negative return on equity of 2.38%. During the same quarter in the previous year, the firm earned ($0.21) EPS. As a group, research analysts expect that Arq, Inc. will post -0.12 EPS for the current year.

About ARQ

Arq, Inc produces activated carbon products in North America. The company's products include granular activated carbon, powdered and granular activated carbon, and colloidal carbon products; Arq Powder Wetcake, a fine and low-ash coal waste-derived particle; and additives for air emissions control.