Arko (NASDAQ:ARKO) Downgraded by Stifel Nicolaus to Hold

Stifel Nicolaus downgraded shares of Arko (NASDAQ:ARKO) from a buy rating to a hold rating in a research report report published on Thursday morning, Marketbeat Ratings reports. The brokerage currently has $7.50 price target on the stock, down from their prior price target of $8.50.

Arko Stock Performance

Shares of NASDAQ ARKO opened at $4.52 on Thursday. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.13 and a current ratio of 1.63. The firm has a market cap of $523.28 million, a price-to-earnings ratio of 28.25 and a beta of 0.50. The business’s 50-day simple moving average is $6.83 and its 200-day simple moving average is $6.77. Arko has a 52 week low of $4.09 and a 52 week high of $7.84.

Arko Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th 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 2.65%. The ex-dividend date of this dividend is Monday, March 10th. Arko’s dividend payout ratio is 75.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ARKO. Public Employees Retirement System of Ohio acquired a new position in shares of Arko during the 4th quarter valued at about $53,000. Tower Research Capital LLC TRC increased its holdings in shares of Arko by 90.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,742 shares of the company’s stock valued at $64,000 after acquiring an additional 4,639 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Arko during the 4th quarter valued at approximately $66,000. KLP Kapitalforvaltning AS bought a new stake in Arko during the 4th quarter valued at approximately $66,000. Finally, Ameriprise Financial Inc. bought a new stake in Arko during the 4th quarter valued at approximately $68,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.