ARC Document Solutions (NYSE:ARC) Research Coverage Started at StockNews.com

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

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

ARC Document Solutions Price Performance

Shares of ARC opened at $3.40 on Wednesday. The stock has a market cap of $146.83 million, a P/E ratio of 18.86, a P/E/G ratio of 1.20 and a beta of 1.13. The business’s fifty day moving average is $3.22 and its 200 day moving average is $2.93. The company has a quick ratio of 1.41, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. ARC Document Solutions has a 12-month low of $2.56 and a 12-month high of $3.41.

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

ARC Document Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date of this dividend is Thursday, October 31st. ARC Document Solutions’s dividend payout ratio is 111.11%.

Institutional Trading of ARC Document Solutions

Several institutional investors and hedge funds have recently made changes to their positions in ARC. Redhawk Wealth Advisors Inc. boosted its holdings in ARC Document Solutions by 9.7% during the third quarter. Redhawk Wealth Advisors Inc. now owns 79,784 shares of the business services provider’s stock worth $270,000 after purchasing an additional 7,032 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of ARC Document Solutions by 15.1% during the 2nd quarter. Mackenzie Financial Corp now owns 34,496 shares of the business services provider’s stock worth $91,000 after buying an additional 4,519 shares in the last quarter. Heron Bay Capital Management boosted its stake in shares of ARC Document Solutions by 54.2% in the 2nd quarter. Heron Bay Capital Management now owns 93,471 shares of the business services provider’s stock worth $247,000 after buying an additional 32,870 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of ARC Document Solutions by 62.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider’s stock worth $577,000 after buying an additional 83,708 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of ARC Document Solutions by 1.7% in the second quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider’s stock valued at $7,545,000 after acquiring an additional 48,245 shares in the last quarter. Hedge funds and other institutional investors own 48.93% of the company’s stock.

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.