Arq, Inc. (NASDAQ:ARQ) Shares Acquired by Aristides Capital LLC

Aristides Capital LLC lifted its stake in shares of Arq, Inc. (NASDAQ:ARQ) by 6.0% during the 4th quarter, Holdings Channel reports. The fund owned 73,649 shares of the company’s stock after buying an additional 4,200 shares during the quarter. Aristides Capital LLC’s holdings in ARQ were worth $558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in ARQ by 66.9% during the fourth quarter. Wells Fargo & Company MN now owns 18,209 shares of the company’s stock worth $138,000 after purchasing an additional 7,298 shares during the period. Geode Capital Management LLC increased its holdings in shares of ARQ by 11.4% during the 4th quarter. Geode Capital Management LLC now owns 664,430 shares of the company’s stock worth $5,031,000 after buying an additional 67,962 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of ARQ during the 4th quarter valued at approximately $793,000. Brandywine Global Investment Management LLC acquired a new position in ARQ in the fourth quarter valued at approximately $121,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in ARQ in the fourth quarter worth approximately $301,000. Institutional investors and hedge funds own 18.49% of the company’s stock.

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their price target on ARQ from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th.

Insider Activity

In other news, CTO Joseph M. Wong sold 6,596 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $4.68, for a total transaction of $30,869.28. Following the sale, the chief technology officer now owns 354,790 shares of the company’s stock, valued at approximately $1,660,417.20. This represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 20,588 shares of company stock valued at $96,352. 26.87% of the stock is currently owned by corporate insiders.

ARQ Price Performance

Shares of ARQ opened at $3.71 on Friday. The firm has a 50-day simple moving average of $5.24 and a two-hundred day simple moving average of $6.08. The stock has a market cap of $155.87 million, a PE ratio of -371.00 and a beta of 1.46. Arq, Inc. has a 1-year low of $3.53 and a 1-year high of $8.26. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 2.28.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The firm had revenue of $27.04 million during the quarter, compared to analysts’ expectations 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 last year, the company posted $0.14 EPS. As a group, analysts forecast that Arq, Inc. will post -0.13 EPS for the current year.

ARQ 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.