StockNews.com Begins Coverage on ARC Document Solutions (NYSE:ARC)

StockNews.com began coverage on shares of ARC Document Solutions (NYSE:ARC) in a research report released on Sunday. The firm issued a strong-buy rating on the business services provider’s stock.

Separately, Singular Research upgraded ARC Document Solutions to a strong-buy rating in a report on Wednesday, August 21st.

ARC Document Solutions Stock Performance

ARC stock opened at $3.39 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 1.41. The business has a 50-day moving average price of $3.11 and a 200 day moving average price of $2.84. The company has a market capitalization of $146.38 million, a P/E ratio of 16.95, a PEG ratio of 1.19 and a beta of 1.13. ARC Document Solutions has a 1-year low of $2.56 and a 1-year high of $3.40.

ARC Document Solutions (NYSE:ARC) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The firm had revenue of $75.11 million during the quarter, compared to the consensus estimate of $72.60 million. ARC Document Solutions had a return on equity of 7.29% and a net margin of 2.76%. As a group, equities research analysts forecast that ARC Document Solutions will post 0.23 EPS for the current fiscal year.

ARC Document Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.20 dividend on an annualized basis and a yield of 5.90%. ARC Document Solutions’s dividend payout ratio is presently 100.00%.

Hedge Funds Weigh In On ARC Document Solutions

A number of large investors have recently added to or reduced their stakes in ARC. Victory Capital Management Inc. bought a new position in ARC Document Solutions in the fourth quarter worth about $82,000. First Eagle Investment Management LLC grew its stake in shares of ARC Document Solutions by 3.8% during the fourth quarter. First Eagle Investment Management LLC now owns 105,465 shares of the business services provider’s stock worth $346,000 after acquiring an additional 3,834 shares during the last quarter. JB Capital Partners LP grew its stake in shares of ARC Document Solutions by 2.6% during the fourth quarter. JB Capital Partners LP now owns 969,700 shares of the business services provider’s stock worth $3,181,000 after acquiring an additional 25,000 shares during the last quarter. Mirador Capital Partners LP grew its stake in shares of ARC Document Solutions by 3.0% during the first quarter. Mirador Capital Partners LP now owns 400,151 shares of the business services provider’s stock worth $1,108,000 after acquiring an additional 11,519 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of ARC Document Solutions by 43.7% during the first quarter. Assenagon Asset Management S.A. now owns 53,125 shares of the business services provider’s stock worth $147,000 after acquiring an additional 16,167 shares during the last quarter. 48.93% of the stock is currently owned by institutional investors.

ARC Document Solutions Company Profile

ARC Document Solutions, Inc, a digital printing company, provides digital printing and document-related services in the United States. It provides managed print services, that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and cloud-based document management software and other digital hosting services.