Arq, Inc. (NASDAQ:ARQ) CEO Acquires $11,684.00 in Stock

Arq, Inc. (NASDAQ:ARQ) CEO Robert E. Rasmus purchased 2,921 shares of ARQ stock in a transaction on Tuesday, May 13th. The stock was acquired at an average cost of $4.00 per share, for a total transaction of $11,684.00. Following the acquisition, the chief executive officer now directly owns 8,183 shares of the company’s stock, valued at approximately $32,732. This represents a 55.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

ARQ Stock Up 15.6%

Shares of NASDAQ ARQ opened at $4.68 on Friday. Arq, Inc. has a 12-month low of $3.34 and a 12-month high of $8.11. The company has a market capitalization of $197.55 million, a PE ratio of -468.00 and a beta of 1.51. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 2.28. The firm’s 50-day moving average is $4.04 and its two-hundred day moving average is $5.66.

ARQ (NASDAQ:ARQ) last announced its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). The business had revenue of $27.04 million for the quarter, compared to the consensus estimate of $28.34 million. ARQ had a negative net margin of 0.44% and a negative return on equity of 0.25%. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Equities analysts anticipate that Arq, Inc. will post -0.13 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their price target on shares of ARQ from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, May 8th.

Hedge Funds Weigh In On ARQ

Several institutional investors and hedge funds have recently modified their holdings of ARQ. Barclays PLC lifted its stake in shares of ARQ by 286.9% during the third quarter. Barclays PLC now owns 33,350 shares of the company’s stock valued at $196,000 after buying an additional 24,731 shares during the period. Avanza Fonder AB purchased a new position in shares of ARQ during the fourth quarter valued at approximately $68,000. SG Americas Securities LLC purchased a new position in shares of ARQ during the fourth quarter valued at approximately $95,000. Charles Schwab Investment Management Inc. lifted its stake in shares of ARQ by 12.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 79,646 shares of the company’s stock valued at $603,000 after buying an additional 8,909 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of ARQ by 128.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,119 shares of the company’s stock valued at $1,129,000 after buying an additional 83,784 shares during the period. Hedge funds and other institutional investors own 18.49% of the company’s stock.

ARQ Company Profile

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager.