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

Aristides Capital LLC raised its holdings in shares of Arq, Inc. (NASDAQ:ARQ) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,649 shares of the company’s stock after acquiring an additional 4,200 shares during the period. Aristides Capital LLC owned approximately 0.18% of ARQ worth $558,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wells Fargo & Company MN boosted its position in ARQ by 66.9% in the 4th 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 in the last quarter. Geode Capital Management LLC lifted its stake in shares of ARQ by 11.4% in the 4th quarter. Geode Capital Management LLC now owns 664,430 shares of the company’s stock valued at $5,031,000 after purchasing an additional 67,962 shares during the period. Wellington Management Group LLP purchased a new stake in ARQ during the fourth quarter worth $793,000. Brandywine Global Investment Management LLC acquired a new stake in ARQ during the fourth quarter valued at $121,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in ARQ in the fourth quarter valued at $301,000. 18.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ARQ

In other news, CTO Joseph M. Wong sold 6,596 shares of ARQ stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $4.68, for a total value of $30,869.28. Following the sale, the chief technology officer now directly owns 354,790 shares of the company’s stock, valued at $1,660,417.20. The trade was a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 20,588 shares of company stock valued at $96,352 over the last 90 days. Corporate insiders own 26.87% of the company’s stock.

ARQ Stock Down 5.1 %

ARQ stock opened at $3.71 on Friday. 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 stock has a market capitalization of $155.87 million, a PE ratio of -371.00 and a beta of 1.46. The business has a 50 day simple moving average of $5.24 and a 200-day simple moving average of $6.08. Arq, Inc. has a 12 month low of $3.53 and a 12 month high of $8.26.

ARQ (NASDAQ:ARQ) last issued its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The company had revenue of $27.04 million during the quarter, compared to analyst estimates 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 previous year, the firm earned $0.14 EPS. On average, analysts anticipate that Arq, Inc. will post -0.13 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.