Jane Street Group LLC Increases Holdings in Arko Corp. (NASDAQ:ARKO)

Jane Street Group LLC increased its position in shares of Arko Corp. (NASDAQ:ARKO) by 12.2% in the third quarter, HoldingsChannel reports. The firm owned 109,881 shares of the company’s stock after acquiring an additional 11,975 shares during the quarter. Jane Street Group LLC’s holdings in Arko were worth $771,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of ARKO. Copeland Capital Management LLC acquired a new stake in Arko during the 3rd quarter valued at approximately $39,000. Quantbot Technologies LP acquired a new stake in shares of Arko in the third quarter worth $72,000. MQS Management LLC purchased a new position in shares of Arko during the third quarter worth $77,000. Intech Investment Management LLC acquired a new position in Arko during the third quarter valued at $98,000. Finally, Arizona State Retirement System boosted its holdings in Arko by 27.9% in the second quarter. Arizona State Retirement System now owns 18,476 shares of the company’s stock valued at $116,000 after purchasing an additional 4,030 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Arko Price Performance

Shares of ARKO opened at $6.41 on Friday. The company has a market capitalization of $742.09 million, a P/E ratio of 40.06 and a beta of 0.48. The business’s 50-day moving average is $6.87 and its two-hundred day moving average is $6.57. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.13 and a current ratio of 1.63. Arko Corp. has a fifty-two week low of $4.09 and a fifty-two week high of $8.40.

Arko (NASDAQ:ARKO) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.09). Arko had a net margin of 0.27% and a return on equity of 8.88%. The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter in the prior year, the business posted $0.17 earnings per share. Research analysts predict that Arko Corp. will post 0.2 earnings per share for the current year.

Arko Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 19th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Tuesday, November 19th. Arko’s dividend payout ratio is currently 75.00%.

About Arko

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.