Insider Selling: Arq, Inc. (NASDAQ:ARQ) COO Sells 5,233 Shares of Stock

Arq, Inc. (NASDAQ:ARQ) COO Jeremy Williamson sold 5,233 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $4.68, for a total transaction of $24,490.44. Following the completion of the sale, the chief operating officer now owns 138,699 shares in the company, valued at approximately $649,111.32. This trade represents a 3.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

ARQ Stock Performance

Shares of ARQ opened at $4.35 on Thursday. The stock has a market capitalization of $182.76 million, a PE ratio of -435.00 and a beta of 1.47. The business’s fifty day moving average price is $5.59 and its 200 day moving average price is $6.17. 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, Inc. has a 12-month low of $4.01 and a 12-month high of $8.26.

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

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered their price objective on ARQ from $10.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, February 11th.

Hedge Funds Weigh In On ARQ

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. raised its position in shares of ARQ by 3,981.1% during the 4th quarter. Invesco Ltd. now owns 708,324 shares of the company’s stock worth $5,362,000 after purchasing an additional 690,968 shares during the period. Geode Capital Management LLC increased its position in ARQ by 11.4% in the fourth 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 period. Dimensional Fund Advisors LP lifted its stake in ARQ by 65.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 449,312 shares of the company’s stock valued at $3,401,000 after buying an additional 177,550 shares during the last quarter. York Capital Management Global Advisors LLC boosted its holdings in shares of ARQ by 6.6% during the fourth quarter. York Capital Management Global Advisors LLC now owns 442,959 shares of the company’s stock valued at $3,353,000 after acquiring an additional 27,324 shares during the period. Finally, State Street Corp boosted its holdings in shares of ARQ by 19.6% during the third quarter. State Street Corp now owns 394,751 shares of the company’s stock valued at $2,317,000 after acquiring an additional 64,595 shares during the period. 18.49% of the stock is currently owned by institutional investors and hedge funds.

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.