GSA Capital Partners LLP Takes Position in Arq, Inc. $ARQ

GSA Capital Partners LLP bought a new stake in Arq, Inc. (NASDAQ:ARQ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 347,700 shares of the company’s stock, valued at approximately $887,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARQ. The Manufacturers Life Insurance Company raised its stake in ARQ by 13.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company’s stock valued at $63,000 after buying an additional 1,413 shares during the period. Geode Capital Management LLC boosted its stake in shares of ARQ by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 778,142 shares of the company’s stock worth $2,545,000 after acquiring an additional 3,505 shares during the period. Barclays PLC boosted its stake in shares of ARQ by 12.0% during the 4th quarter. Barclays PLC now owns 49,829 shares of the company’s stock worth $163,000 after acquiring an additional 5,319 shares during the period. State Street Corp increased its holdings in shares of ARQ by 1.0% during the 4th quarter. State Street Corp now owns 561,888 shares of the company’s stock worth $1,837,000 after acquiring an additional 5,413 shares during the last quarter. Finally, Gabelli Funds LLC increased its holdings in shares of ARQ by 17.9% during the 3rd quarter. Gabelli Funds LLC now owns 50,000 shares of the company’s stock worth $358,000 after acquiring an additional 7,600 shares during the last quarter. Institutional investors own 18.49% of the company’s stock.

ARQ Trading Down 3.9%

Shares of NASDAQ:ARQ opened at $2.22 on Wednesday. Arq, Inc. has a 12-month low of $1.54 and a 12-month high of $7.82. The business has a 50 day moving average of $2.29 and a 200-day moving average of $2.57. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.05. The stock has a market cap of $96.95 million, a PE ratio of -1.76 and a beta of 2.02.

ARQ (NASDAQ:ARQ) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). ARQ had a negative net margin of 42.33% and a negative return on equity of 2.54%. The firm had revenue of $29.88 million during the quarter, compared to the consensus estimate of $28.57 million.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wall Street Zen raised ARQ from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of ARQ in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, ARQ currently has an average rating of “Hold” and an average target price of $5.00.

ARQ Profile

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager. The Advanced Purification Technologies segment refers to the sale of Activated Carbon Injection and Dry Sorbent Injection equipment systems, chemical sales, consulting services, and other sales related to the reduction of emissions in the coal-fired electric generation process and the electric utility industry.