Mraz Amerine & Associates Inc. Invests $66,000 in Arq, Inc. (NASDAQ:ARQ)

Mraz Amerine & Associates Inc. bought a new stake in shares of Arq, Inc. (NASDAQ:ARQ) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,300 shares of the company’s stock, valued at approximately $66,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AIGH Capital Management LLC bought a new position in shares of ARQ in the second quarter worth approximately $13,002,000. Maven Securities LTD purchased a new stake in shares of ARQ during the 2nd quarter valued at $607,000. Dimensional Fund Advisors LP bought a new stake in shares of ARQ during the 2nd quarter worth $1,524,000. XTX Topco Ltd purchased a new position in ARQ in the second quarter worth $64,000. Finally, Aristides Capital LLC bought a new position in ARQ in the second quarter valued at $270,000. Institutional investors own 18.49% of the company’s stock.

Insider Activity at ARQ

In other ARQ news, CEO Robert E. Rasmus acquired 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were acquired at an average price of $5.25 per share, with a total value of $131,250.00. Following the completion of the purchase, the chief executive officer now directly owns 450,792 shares of the company’s stock, valued at approximately $2,366,658. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 22.16% of the stock is currently owned by corporate insiders.

ARQ Stock Performance

Shares of NASDAQ ARQ opened at $5.87 on Friday. The stock has a market cap of $211.55 million, a price-to-earnings ratio of -21.74 and a beta of 1.40. The stock’s 50-day moving average is $5.95 and its 200 day moving average is $6.36. The company has a current ratio of 2.68, a quick ratio of 1.83 and a debt-to-equity ratio of 0.09. Arq, Inc. has a 1-year low of $1.61 and a 1-year high of $8.26.

ARQ (NASDAQ:ARQ) last issued its earnings results on Monday, August 12th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $25.41 million for the quarter, compared to analysts’ expectations of $20.60 million. ARQ had a negative net margin of 4.07% and a negative return on equity of 2.38%. During the same quarter in the prior year, the company earned ($0.21) earnings per share. On average, sell-side analysts anticipate that Arq, Inc. will post -0.12 EPS for the current fiscal year.

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.