Assenagon Asset Management S.A. Has $797,000 Stake in ARKO Corp. $ARKO

Assenagon Asset Management S.A. reduced its holdings in shares of ARKO Corp. (NASDAQ:ARKO) by 67.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 175,659 shares of the company’s stock after selling 359,100 shares during the quarter. Assenagon Asset Management S.A.’s holdings in ARKO were worth $797,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 purchasing an additional 2,028 shares in the last quarter. Significant Wealth Partners LLC boosted its holdings in shares of ARKO by 12.7% during the 3rd quarter. Significant Wealth Partners LLC now owns 21,719 shares of the company’s stock worth $99,000 after buying an additional 2,453 shares in the last quarter. Creative Planning boosted 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 worth $64,000 after buying an additional 4,163 shares in the last quarter. Nebula Research & Development LLC grew its position in shares of ARKO by 13.0% during the 2nd quarter. Nebula Research & Development LLC now owns 45,289 shares of the company’s stock worth $192,000 after buying an additional 5,220 shares during the period. Finally, First Trust Advisors LP grew its position in shares of ARKO by 2.4% during the 2nd quarter. First Trust Advisors LP now owns 224,616 shares of the company’s stock worth $950,000 after buying an additional 5,327 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ARKO

In other ARKO news, CFO Charles Galagher Jeff bought 40,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was bought at an average cost of $5.07 per share, with a total value of $202,800.00. Following the completion of the transaction, the chief financial officer directly owned 40,000 shares in the company, valued at approximately $202,800. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 22.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of ARKO in a research report on Monday, December 29th. One 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 given a Sell rating to the stock. According to MarketBeat, ARKO currently has a consensus rating of “Hold” and an average price target of $7.00.

ARKO Trading Up 2.9%

Shares of ARKO stock opened at $5.72 on Thursday. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.22 and a current ratio of 1.66. ARKO Corp. has a 52 week low of $3.51 and a 52 week high of $6.70. The stock has a 50 day moving average price of $5.80 and a two-hundred day moving average price of $5.01. The stock has a market capitalization of $634.29 million, a PE ratio of 40.86 and a beta of 0.86.

ARKO (NASDAQ:ARKO) last issued its earnings results on Wednesday, February 25th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. ARKO had a return on equity of 8.58% and a net margin of 0.30%.The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.81 billion. As a group, equities analysts anticipate that ARKO Corp. will post 0.2 earnings per share for the current fiscal year.

ARKO Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, March 10th. ARKO’s dividend payout ratio (DPR) is currently 85.71%.

ARKO 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.