Gill Capital Partners LLC Takes Position in Arq, Inc. (NASDAQ:ARQ)

Gill Capital Partners LLC purchased a new stake in shares of Arq, Inc. (NASDAQ:ARQ) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,823 shares of the company’s stock, valued at approximately $105,000.

A number of other hedge funds have also recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of ARQ during the second quarter valued at about $71,000. Maven Securities LTD acquired a new position in shares of ARQ in the second quarter worth approximately $607,000. Aristides Capital LLC acquired a new position in shares of ARQ in the second quarter worth approximately $270,000. The Manufacturers Life Insurance Company acquired a new position in shares of ARQ in the second quarter worth approximately $63,000. Finally, Squarepoint Ops LLC acquired a new position in shares of ARQ in the second quarter worth approximately $285,000. 18.49% of the stock is owned by institutional investors and hedge funds.

ARQ Price Performance

ARQ stock opened at $5.39 on Wednesday. The stock’s 50 day moving average is $6.03 and its 200 day moving average is $6.45. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.68 and a quick ratio of 1.83. The firm has a market cap of $194.26 million, a P/E ratio of -19.96 and a beta of 1.40. Arq, Inc. has a one year low of $1.60 and a one year high of $8.26.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $25.41 million during the quarter, compared to analyst estimates of $20.60 million. ARQ had a negative return on equity of 2.38% and a negative net margin of 4.07%. During the same period in the prior year, the firm earned ($0.21) earnings per share. As a group, research analysts expect that Arq, Inc. will post -0.12 EPS for the current year.

Insiders Place Their Bets

In other ARQ news, CEO Robert E. Rasmus bought 25,000 shares of the stock in a transaction on Monday, September 23rd. The stock was acquired at an average cost of $5.25 per share, for a total transaction of $131,250.00. Following the completion of the acquisition, the chief executive officer now owns 450,792 shares in the company, valued at $2,366,658. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 22.16% of the stock is currently owned by corporate insiders.

ARQ Company Profile

Arq, Inc produces activated carbon products in North America. The company's products include granular activated carbon, powdered and granular activated carbon, and colloidal carbon products; Arq Powder Wetcake, a fine and low-ash coal waste-derived particle; and additives for air emissions control.