ARKO (NASDAQ:ARKO) General Counsel Sells $85,000.00 in Stock

ARKO Corp. (NASDAQ:ARKO) General Counsel Maury Bricks sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $8.50, for a total transaction of $85,000.00. Following the completion of the transaction, the general counsel directly owned 162,841 shares of the company’s stock, valued at approximately $1,384,148.50. This represents a 5.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Maury Bricks also recently made the following trade(s):

• On Friday, June 5th, Maury Bricks sold 15,000 shares of ARKO stock. The shares were sold at an average price of $7.69, for a total transaction of $115,350.00.

ARKO Stock Performance

NASDAQ:ARKO opened at $8.63 on Friday. The firm has a 50 day simple moving average of $6.87 and a 200-day simple moving average of $5.87. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.62 and a quick ratio of 1.19. The firm has a market cap of $968.20 million, a PE ratio of 45.42 and a beta of 0.98. ARKO Corp. has a 1-year low of $3.71 and a 1-year high of $8.76.

ARKO (NASDAQ:ARKO) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.09. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.65 billion. ARKO had a net margin of 0.38% and a return on equity of 9.10%. During the same quarter in the previous year, the business posted ($0.12) earnings per share. On average, equities analysts expect that ARKO Corp. will post 0.29 EPS for the current year.

ARKO Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, May 18th. ARKO’s payout ratio is currently 63.16%.

Institutional Investors Weigh In On ARKO

Large investors have recently made changes to their positions in the business. Teton Advisors LLC acquired a new stake in shares of ARKO in the third quarter worth $594,000. Empowered Funds LLC increased its position in shares of ARKO by 9.8% in the first quarter. Empowered Funds LLC now owns 511,566 shares of the company’s stock worth $2,844,000 after acquiring an additional 45,689 shares in the last quarter. Empyrean Capital Partners LP acquired a new stake in shares of ARKO in the first quarter worth $1,819,000. Renaissance Technologies LLC increased its position in shares of ARKO by 152.7% in the first quarter. Renaissance Technologies LLC now owns 80,100 shares of the company’s stock worth $445,000 after acquiring an additional 48,400 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of ARKO by 34.8% in the first quarter. Public Employees Retirement System of Ohio now owns 75,385 shares of the company’s stock worth $419,000 after acquiring an additional 19,462 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

ARKO has been the subject of a number of analyst reports. Zacks Research raised shares of ARKO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Wall Street Zen lowered shares of ARKO from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Weiss Ratings lowered shares of ARKO from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $8.00.

About ARKO

ARKO Corp (NASDAQ: ARKO) is a downstream energy and convenience retail company based in Matthews, North Carolina. The company’s core operations encompass fuel supply, distribution and retailing through a network of terminals, independent dealer locations and company-operated convenience stores. ARKO’s fuel offerings include branded and unbranded gasoline and diesel, as well as lubricants and other petroleum products marketed under various regional and private labels.

In its retail segment, ARKO operates a portfolio of convenience stores under the Kangaroo Express banner, serving on-site customers with fuel, grab-and-go food items, beverages and everyday household essentials.