Gamco Investors INC. ET AL Sells 106,235 Shares of ARKO Corp. $ARKO

Gamco Investors INC. ET AL lowered its position in shares of ARKO Corp. (NASDAQ:ARKO) by 40.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,729 shares of the company’s stock after selling 106,235 shares during the period. Gamco Investors INC. ET AL owned approximately 0.14% of ARKO worth $702,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new stake in ARKO in the 4th quarter worth approximately $46,000. Tower Research Capital LLC TRC grew its position in ARKO by 193.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,317 shares of the company’s stock worth $52,000 after purchasing an additional 8,115 shares during the period. SG Americas Securities LLC grew its position in ARKO by 30.9% in the 4th quarter. SG Americas Securities LLC now owns 13,225 shares of the company’s stock worth $60,000 after purchasing an additional 3,124 shares during the period. Creative Planning grew its position in ARKO by 37.9% in the 2nd quarter. Creative Planning now owns 15,156 shares of the company’s stock worth $64,000 after purchasing an additional 4,163 shares during the period. Finally, BNP Paribas Financial Markets grew its position in ARKO by 104.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,945 shares of the company’s stock worth $68,000 after purchasing an additional 7,631 shares during the period. Institutional investors own 78.29% of the company’s stock.

ARKO Stock Up 1.6%

Shares of ARKO stock opened at $7.63 on Friday. The stock has a market cap of $856.01 million, a P/E ratio of 40.16 and a beta of 0.94. ARKO Corp. has a 52 week low of $3.71 and a 52 week high of $7.63. The company has a quick ratio of 1.19, a current ratio of 1.62 and a debt-to-equity ratio of 1.93. The company’s fifty day simple moving average is $6.13 and its two-hundred day simple moving average is $5.51.

ARKO (NASDAQ:ARKO) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.09. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.65 billion. ARKO had a net margin of 0.38% and a return on equity of 9.10%. During the same quarter in the previous year, the company earned ($0.12) EPS. Analysts predict that ARKO Corp. will post 0.29 EPS for the current fiscal year.

ARKO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be paid a $0.03 dividend. The ex-dividend date is Monday, May 18th. This represents a $0.12 annualized dividend and a yield of 1.6%. ARKO’s payout ratio is presently 63.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of ARKO from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings raised shares of ARKO from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Finally, Zacks Research raised shares of ARKO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $8.00.

Insider Buying and Selling

In related news, CFO Charles Galagher Jeff purchased 40,000 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were acquired at an average price of $5.07 per share, for a total transaction of $202,800.00. Following the purchase, the chief financial officer directly owned 40,000 shares in the company, valued at $202,800. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 22.50% of the stock is currently owned by insiders.

About ARKO

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.