Arko Corp. (NASDAQ:ARKO) Shares Bought by Barclays PLC

Barclays PLC lifted its stake in Arko Corp. (NASDAQ:ARKO) by 98.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,600 shares of the company’s stock after acquiring an additional 85,009 shares during the period. Barclays PLC owned 0.15% of Arko worth $1,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in Arko by 5.6% during the second quarter. The Manufacturers Life Insurance Company now owns 32,893 shares of the company’s stock valued at $206,000 after buying an additional 1,734 shares in the last quarter. Arizona State Retirement System grew its stake in Arko by 27.9% during the 2nd quarter. Arizona State Retirement System now owns 18,476 shares of the company’s stock valued at $116,000 after acquiring an additional 4,030 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in shares of Arko during the 3rd quarter valued at $39,000. PDT Partners LLC boosted its position in Arko by 8.7% during 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 last quarter. Finally, American Century Companies Inc. raised its stake in shares of Arko by 8.7% during the 2nd quarter. American Century Companies Inc. now owns 116,692 shares of the company’s stock worth $732,000 after purchasing an additional 9,377 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Arko Trading Down 1.4 %

Shares of NASDAQ ARKO opened at $6.53 on Monday. The business has a 50 day simple moving average of $6.89 and a 200 day simple moving average of $6.56. Arko Corp. has a 52 week low of $4.09 and a 52 week high of $8.42. The stock has a market cap of $755.98 million, a price-to-earnings ratio of 40.81 and a beta of 0.48. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.13 and a current ratio of 1.63.

Arko (NASDAQ:ARKO) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). Arko had a return on equity of 8.88% and a net margin of 0.27%. The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the prior year, the firm earned $0.17 EPS. On average, research analysts predict that Arko Corp. will post 0.2 earnings per share for the current fiscal year.

Arko Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 19th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Tuesday, November 19th. Arko’s dividend payout ratio is currently 75.00%.

Arko Company 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.