ARKO (NASDAQ:ARKO) CFO Charles Galagher Jeff Buys 40,000 Shares

ARKO Corp. (NASDAQ:ARKO) CFO Charles Galagher Jeff bought 40,000 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was acquired at an average price of $5.07 per share, for a total transaction of $202,800.00. Following the transaction, the chief financial officer owned 40,000 shares of the company’s stock, valued at approximately $202,800. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

ARKO Price Performance

Shares of ARKO stock traded down $0.07 on Wednesday, reaching $4.99. The company had a trading volume of 504,951 shares, compared to its average volume of 516,272. The business’s 50-day moving average is $5.69 and its 200 day moving average is $4.98. ARKO Corp. has a one year low of $3.51 and a one year high of $6.70. The company has a quick ratio of 1.22, a current ratio of 1.66 and a debt-to-equity ratio of 4.02. The stock has a market capitalization of $553.35 million, a PE ratio of 35.65 and a beta of 0.83.

ARKO (NASDAQ:ARKO) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.81 billion. ARKO had a net margin of 0.30% and a return on equity of 8.58%. Equities research analysts forecast that ARKO Corp. will post 0.2 EPS for the current fiscal year.

ARKO Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, March 10th. ARKO’s payout ratio is presently 85.71%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of ARKO in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.00.

Institutional Investors Weigh In On ARKO

Institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC acquired a new position in ARKO in the 4th quarter valued at approximately $46,000. MQS Management LLC bought a new stake in shares of ARKO in the fourth quarter worth $47,000. Tower Research Capital LLC TRC increased its holdings in ARKO by 193.1% in the second quarter. Tower Research Capital LLC TRC now owns 12,317 shares of the company’s stock valued at $52,000 after purchasing an additional 8,115 shares during the period. Banco BTG Pactual S.A. acquired a new stake in ARKO in the fourth quarter valued at $57,000. Finally, Kemnay Advisory Services Inc. bought a new position in ARKO during the 4th quarter worth $58,000. 78.29% of the stock is owned by institutional investors.

ARKO Company Profile

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.