Insider Buying: Michael S. Weinstein Buys 13,500 Shares of Ark Restaurants Corp Stock (ARKR)
Ark Restaurants Corp (NASDAQ:ARKR) CEO Michael S. Weinstein acquired 13,500 shares of Ark Restaurants Corp stock in a transaction dated Thursday, June 12th. The stock was purchased at an average price of $14.40 per share, with a total value of $194,400.00. Following the completion of the purchase, the chief executive officer now directly owns 1,099,069 shares in the company, valued at approximately $15,826,594. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Ark Restaurants Corp (NASDAQ:ARKR) traded down 1.53% during mid-day trading on Friday, hitting $21.89. The stock had a trading volume of 6,277 shares. Ark Restaurants Corp has a 52-week low of $20.00 and a 52-week high of $22.96. The stock has a 50-day moving average of $21. and a 200-day moving average of $21.83. The company has a market cap of $71.4 million and a P/E ratio of 17.26.
Ark Restaurants Corp (NASDAQ:ARKR) last announced its earnings results on Monday, May 12th. The company reported ($0.05) EPS for the quarter. The company had revenue of $31.04 million for the quarter, compared to the consensus estimate of $29.09 million.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 3rd. Investors of record on Wednesday, June 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.50%. The ex-dividend date is Monday, June 16th.
Ark Restaurants Corp. (NASDAQ:ARKR) owns and/or operates 22 restaurants and bars, 29 fast food concepts and catering operations through its subsidiaries.
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