Insider Selling: Ark Restaurants Corp. (ARKR) CEO Sells 600 Shares of Stock
Ark Restaurants Corp. (NASDAQ:ARKR) CEO Michael Lawrence Weinstein sold 600 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $26.16, for a total transaction of $15,696.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Michael Lawrence Weinstein also recently made the following trade(s):
- On Tuesday, November 21st, Michael Lawrence Weinstein sold 300 shares of Ark Restaurants stock. The stock was sold at an average price of $24.15, for a total transaction of $7,245.00.
Ark Restaurants Corp. (NASDAQ:ARKR) traded down $0.42 on Thursday, reaching $25.65. 586 shares of the company were exchanged, compared to its average volume of 2,039. The firm has a market capitalization of $87.87, a price-to-earnings ratio of 22.50 and a beta of 0.30. Ark Restaurants Corp. has a 52-week low of $21.75 and a 52-week high of $29.49. The company has a quick ratio of 0.31, a current ratio of 0.39 and a debt-to-equity ratio of 0.18.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 19th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 18th. This represents a $1.00 annualized dividend and a yield of 3.90%. Ark Restaurants’s payout ratio is 87.72%.
Large investors have recently bought and sold shares of the business. FMR LLC boosted its holdings in Ark Restaurants by 3.5% in the 2nd quarter. FMR LLC now owns 227,739 shares of the restaurant operator’s stock valued at $5,548,000 after purchasing an additional 7,739 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ark Restaurants by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 116,454 shares of the restaurant operator’s stock valued at $2,837,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. boosted its holdings in Ark Restaurants by 15.1% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 235,445 shares of the restaurant operator’s stock valued at $6,364,000 after purchasing an additional 30,965 shares during the last quarter. Institutional investors own 24.73% of the company’s stock.
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Ark Restaurants Company Profile
Ark Restaurants Corp. owns and operates restaurants, bars, fast food concepts and catering operations. As of October 1, 2016, the Company owned and/or operated 21 restaurants and bars, 19 fast food concepts and catering operations through its subsidiaries. As of October 1, 2016, six of its restaurant and bar facilities were located in New York City; two were located in Washington, DC; five were located in Las Vegas, Nevada; three were located in Atlantic City, New Jersey; one was located at the Foxwoods Resort Casino in Ledyard, Connecticut; one was located in the Faneuil Hall Marketplace in Boston, Massachusetts, and three were located on the east coast of Florida.
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