Maury Bricks Sells 15,000 Shares of ARKO (NASDAQ:ARKO) Stock

ARKO Corp. (NASDAQ:ARKO) General Counsel Maury Bricks sold 15,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $7.69, for a total transaction of $115,350.00. Following the transaction, the general counsel directly owned 182,841 shares in the company, valued at $1,406,047.29. This trade represents a 7.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

ARKO Trading Up 0.3%

Shares of ARKO stock opened at $7.63 on Wednesday. ARKO Corp. has a 1 year low of $3.71 and a 1 year high of $7.95. The firm’s fifty day simple moving average is $6.70 and its 200 day simple moving average is $5.79. The firm has a market capitalization of $856.01 million, a P/E ratio of 40.16 and a beta of 0.98. The company has a current ratio of 1.62, a quick ratio of 1.19 and a debt-to-equity ratio of 1.93.

ARKO (NASDAQ:ARKO) last announced its earnings results on Thursday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.09. ARKO had a net margin of 0.38% and a return on equity of 9.10%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. As a group, sell-side analysts predict that ARKO Corp. will post 0.29 EPS for the current year.

ARKO Announces Dividend

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

Institutional Investors Weigh In On ARKO

Several institutional investors and hedge funds have recently made changes to their positions in ARKO. Royal Bank of Canada boosted its stake in shares of ARKO by 201.9% in the 1st quarter. Royal Bank of Canada now owns 6,681 shares of the company’s stock valued at $37,000 after purchasing an additional 4,468 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ARKO in the 4th quarter valued at $46,000. MQS Management LLC acquired a new stake in shares of ARKO in the 4th quarter valued at $47,000. Tower Research Capital LLC TRC boosted its stake in shares of ARKO by 193.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,317 shares of the company’s stock valued at $52,000 after purchasing an additional 8,115 shares in the last quarter. Finally, Banco BTG Pactual S.A. acquired a new stake in shares of ARKO in the 4th quarter valued at $57,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analysts Set New Price Targets

ARKO has been the topic of several analyst reports. Wall Street Zen lowered shares of ARKO from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings lowered shares of ARKO from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 21st. Finally, Zacks Research raised shares of ARKO from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $8.00.

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.