Teton Advisors LLC Purchases New Holdings in ARKO Corp. $ARKO

Teton Advisors LLC acquired a new stake in shares of ARKO Corp. (NASDAQ:ARKO) in the 3rd quarter, HoldingsChannel reports. The firm acquired 130,000 shares of the company’s stock, valued at approximately $594,000.

A number of other hedge funds also recently added to or reduced their stakes in ARKO. AQR Capital Management LLC increased its holdings in shares of ARKO by 63.1% in the first quarter. AQR Capital Management LLC now owns 117,544 shares of the company’s stock valued at $464,000 after purchasing an additional 45,478 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in ARKO by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,838 shares of the company’s stock valued at $189,000 after buying an additional 2,028 shares during the last quarter. Goldman Sachs Group Inc. grew its position in ARKO by 37.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 762,864 shares of the company’s stock valued at $3,013,000 after buying an additional 206,061 shares during the last quarter. Empowered Funds LLC acquired a new position in ARKO in the 1st quarter valued at $1,335,000. Finally, Los Angeles Capital Management LLC acquired a new position in ARKO in the 2nd quarter valued at $117,000. 78.29% of the stock is owned by institutional investors and hedge funds.

ARKO Stock Performance

Shares of ARKO opened at $6.04 on Friday. The firm has a market capitalization of $669.78 million, a PE ratio of 43.15 and a beta of 0.83. The company has a quick ratio of 1.22, a current ratio of 1.66 and a debt-to-equity ratio of 4.02. The firm has a 50-day moving average price of $5.57 and a 200 day moving average price of $4.96. ARKO Corp. has a 52-week low of $3.51 and a 52-week high of $6.70.

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

ARKO Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, March 10th. ARKO’s dividend payout ratio (DPR) is presently 85.71%.

Analyst Ratings Changes

ARKO has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ARKO in a report on Monday, December 29th. Wall Street Zen upgraded shares of ARKO from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7.00.

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.