ARKO (NASDAQ:ARKO) General Counsel Maury Bricks Sells 10,000 Shares

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

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

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

ARKO Stock Up 7.1%

Shares of ARKO stock traded up $0.57 during midday trading on Thursday, hitting $8.64. The company had a trading volume of 1,351,034 shares, compared to its average volume of 778,048. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.19 and a current ratio of 1.62. The stock has a market capitalization of $969.29 million, a P/E ratio of 45.48 and a beta of 0.98. The company has a 50 day moving average of $6.75 and a 200 day moving average of $5.82. ARKO Corp. has a 52-week low of $3.71 and a 52-week high of $8.68.

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

ARKO Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, May 18th. ARKO’s dividend payout ratio (DPR) is currently 63.16%.

Analysts Set New Price Targets

Several analysts have commented on ARKO shares. Wall Street Zen downgraded ARKO from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Zacks Research upgraded ARKO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings downgraded ARKO from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ARKO presently has an average rating of “Buy” and an average price target of $8.00.

Hedge Funds Weigh In On ARKO

Several hedge funds and other institutional investors have recently modified their holdings of ARKO. AQR Capital Management LLC lifted its holdings in shares of ARKO by 63.1% during the 1st quarter. AQR Capital Management LLC now owns 117,544 shares of the company’s stock valued at $464,000 after buying an additional 45,478 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of ARKO by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,838 shares of the company’s stock valued at $189,000 after buying an additional 2,028 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of ARKO by 37.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 762,864 shares of the company’s stock valued at $3,013,000 after buying an additional 206,061 shares during the period. Empowered Funds LLC bought a new position in shares of ARKO during the 1st quarter valued at $1,335,000. Finally, Creative Planning lifted its holdings in shares of ARKO by 37.9% during the 2nd quarter. Creative Planning now owns 15,156 shares of the company’s stock valued at $64,000 after buying an additional 4,163 shares during the period. 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.