Peapod Lane Capital LLC Takes Position in Arq, Inc. $ARQ

Peapod Lane Capital LLC acquired a new stake in Arq, Inc. (NASDAQ:ARQ) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 228,564 shares of the company’s stock, valued at approximately $747,000.

Other large investors also recently modified their holdings of the company. Royce & Associates LP grew its stake in shares of ARQ by 168.8% in the 3rd quarter. Royce & Associates LP now owns 1,373,444 shares of the company’s stock valued at $9,834,000 after purchasing an additional 862,525 shares during the period. First Eagle Investment Management LLC bought a new stake in ARQ during the 3rd quarter worth approximately $1,151,000. CenterBook Partners LP bought a new stake in ARQ during the 3rd quarter worth approximately $1,653,000. Verition Fund Management LLC grew its position in ARQ by 65.3% during the 3rd quarter. Verition Fund Management LLC now owns 25,522 shares of the company’s stock worth $183,000 after acquiring an additional 10,084 shares during the last quarter. Finally, Worth Venture Partners LLC bought a new stake in ARQ during the 3rd quarter worth approximately $161,000. 18.49% of the stock is currently owned by institutional investors.

ARQ Stock Performance

ARQ stock opened at $2.30 on Friday. The company has a 50 day moving average price of $2.64 and a 200 day moving average price of $3.77. Arq, Inc. has a fifty-two week low of $1.54 and a fifty-two week high of $7.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.04 and a quick ratio of 0.66. The stock has a market capitalization of $98.62 million, a PE ratio of -1.81 and a beta of 2.08.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings data on Monday, March 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.02). ARQ had a negative return on equity of 1.99% and a negative net margin of 43.72%.The firm had revenue of $29.43 million for the quarter, compared to analyst estimates of $28.59 million. Analysts forecast that Arq, Inc. will post 0.04 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of ARQ in a research report on Monday. Canaccord Genuity Group decreased their price target on ARQ from $7.50 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. Finally, Zacks Research upgraded ARQ from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.50.

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. The Advanced Purification Technologies segment refers to the sale of Activated Carbon Injection and Dry Sorbent Injection equipment systems, chemical sales, consulting services, and other sales related to the reduction of emissions in the coal-fired electric generation process and the electric utility industry.