Arko (NASDAQ:ARKO) Shares Up 3.6% – Should You Buy?

Shares of Arko Corp. (NASDAQ:ARKO) traded up 3.6% during trading on Thursday . The company traded as high as $6.82 and last traded at $6.86. 29,382 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 210,559 shares. The stock had previously closed at $6.62.

Arko Price Performance

The firm has a market capitalization of $819.07 million, a PE ratio of 44.00 and a beta of 0.50. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.13 and a current ratio of 1.63. The stock’s 50 day simple moving average is $6.78 and its two-hundred day simple moving average is $6.61.

Arko (NASDAQ:ARKO) last posted its quarterly 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). Arko had a net margin of 0.27% and a return on equity of 8.88%. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period last year, the company earned $0.17 EPS. On average, sell-side analysts forecast that Arko Corp. will post 0.2 EPS for the current year.

Arko Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 19th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Tuesday, November 19th. Arko’s dividend payout ratio is presently 75.00%.

Hedge Funds Weigh In On Arko

A number of hedge funds have 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 worth $1,683,000 after buying an additional 205,377 shares during the period. CWA Asset Management Group LLC acquired a new stake in Arko during the 4th quarter worth approximately $814,000. Barclays PLC lifted its holdings in Arko by 98.2% during the 3rd quarter. Barclays PLC now owns 171,600 shares of the company’s stock worth $1,203,000 after buying an additional 85,009 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Arko in the 2nd quarter valued at approximately $495,000. Finally, Creative Planning acquired a new position in Arko during the 2nd quarter worth $413,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

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.