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

Barclays PLC boosted its stake in Arko Corp. (NASDAQ:ARKO) by 98.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 171,600 shares of the company’s stock after purchasing an additional 85,009 shares during the period. Barclays PLC owned about 0.15% of Arko worth $1,203,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARKO. Geode Capital Management LLC grew its stake in shares of Arko by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,801,212 shares of the company’s stock valued at $12,647,000 after buying an additional 14,623 shares in the last quarter. XTX Topco Ltd acquired a new position in Arko in the 3rd quarter valued at about $439,000. Jane Street Group LLC increased its stake in Arko by 12.2% during the third quarter. Jane Street Group LLC now owns 109,881 shares of the company’s stock worth $771,000 after purchasing an additional 11,975 shares during the period. Readystate Asset Management LP lifted its position in shares of Arko by 7.2% during the third quarter. Readystate Asset Management LP now owns 220,972 shares of the company’s stock worth $1,551,000 after purchasing an additional 14,845 shares in the last quarter. Finally, PDT Partners LLC boosted its stake 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. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Arko Stock Performance

Shares of ARKO stock opened at $6.31 on Tuesday. The firm has a 50 day moving average of $6.81 and a two-hundred day moving average of $6.58. The stock has a market capitalization of $730.52 million, a PE ratio of 39.44 and a beta of 0.50. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 3.86. Arko Corp. has a 52 week low of $4.09 and a 52 week high of $8.39.

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

Arko Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 19th were given a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.12 dividend on an annualized basis and a yield of 1.90%. Arko’s dividend payout ratio (DPR) is presently 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.