Swiss National Bank Has $964,000 Stock Holdings in Arko Corp. (NASDAQ:ARKO)

Swiss National Bank cut its position in shares of Arko Corp. (NASDAQ:ARKOFree Report) by 19.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,861 shares of the company’s stock after selling 28,600 shares during the period. Swiss National Bank owned 0.10% of Arko worth $964,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ARKO. MQS Management LLC bought a new stake in shares of Arko during the 3rd quarter worth about $95,000. Dark Forest Capital Management LP bought a new stake in shares of Arko during the 3rd quarter worth about $101,000. Aigen Investment Management LP bought a new stake in shares of Arko during the 3rd quarter worth about $123,000. Arizona State Retirement System boosted its holdings in shares of Arko by 24.0% during the 3rd quarter. Arizona State Retirement System now owns 18,840 shares of the company’s stock worth $135,000 after buying an additional 3,651 shares during the period. Finally, Gabelli Funds LLC bought a new stake in shares of Arko during the 3rd quarter worth about $143,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Arko Stock Performance

NASDAQ ARKO opened at $5.78 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 4.13. The company has a market capitalization of $668.98 million, a P/E ratio of 22.23 and a beta of 0.36. Arko Corp. has a 12-month low of $4.09 and a 12-month high of $8.55. The firm has a 50-day moving average price of $5.09 and a two-hundred day moving average price of $6.71.

Arko (NASDAQ:ARKOGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.15. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.11 billion. Arko had a net margin of 0.39% and a return on equity of 13.20%. Analysts anticipate that Arko Corp. will post 0.54 earnings per share for the current year.

Arko Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, May 17th. Arko’s dividend payout ratio (DPR) is presently 46.16%.

Analysts Set New Price Targets

Several analysts recently commented on ARKO shares. Wells Fargo & Company reduced their target price on shares of Arko from $7.00 to $5.00 and set an “equal weight” rating for the company in a report on Friday, April 19th. BMO Capital Markets cut their price objective on shares of Arko from $7.00 to $6.00 and set a “market perform” rating for the company in a report on Thursday, May 9th.

Read Our Latest Stock Report on Arko

About Arko

(Free Report)

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.

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Institutional Ownership by Quarter for Arko (NASDAQ:ARKO)

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