Gill Capital Partners LLC Makes New Investment in Arq, Inc. (NASDAQ:ARQ)

Gill Capital Partners LLC acquired a new position in shares of Arq, Inc. (NASDAQ:ARQ) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 17,823 shares of the company’s stock, valued at approximately $105,000.

Other large investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new position in ARQ during the 2nd quarter worth $63,000. XTX Topco Ltd bought a new position in ARQ during the 2nd quarter worth $64,000. Cubist Systematic Strategies LLC bought a new position in shares of ARQ in the second quarter worth $71,000. Renaissance Technologies LLC bought a new position in shares of ARQ in the second quarter worth $81,000. Finally, DCF Advisers LLC bought a new position in shares of ARQ in the second quarter worth $134,000. Institutional investors own 18.49% of the company’s stock.

ARQ Stock Down 2.7 %

Shares of NASDAQ ARQ opened at $5.39 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.83 and a current ratio of 2.68. Arq, Inc. has a 52 week low of $1.60 and a 52 week high of $8.26. The stock has a market capitalization of $194.26 million, a P/E ratio of -19.96 and a beta of 1.40. The stock’s fifty day moving average is $6.03 and its 200 day moving average is $6.45.

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

Insider Buying and Selling

In other ARQ news, CEO Robert E. Rasmus acquired 25,000 shares of ARQ stock in a transaction that occurred on Monday, September 23rd. The shares were acquired at an average cost of $5.25 per share, with a total value of $131,250.00. Following the completion of the purchase, the chief executive officer now directly owns 450,792 shares of the company’s stock, valued at $2,366,658. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 22.16% of the stock is owned by company insiders.

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.