Virtu Financial LLC Acquires Shares of 58,819 ARC Document Solutions, Inc. (NYSE:ARC)

Virtu Financial LLC acquired a new stake in ARC Document Solutions, Inc. (NYSE:ARC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 58,819 shares of the business services provider’s stock, valued at approximately $199,000.

Other institutional investors have also modified their holdings of the company. Jane Street Group LLC purchased a new position in ARC Document Solutions in the third quarter valued at $55,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of ARC Document Solutions during the 3rd quarter worth about $56,000. Walleye Capital LLC purchased a new position in shares of ARC Document Solutions in the 3rd quarter valued at about $59,000. Metis Global Partners LLC acquired a new stake in shares of ARC Document Solutions during the 3rd quarter worth about $66,000. Finally, Mackenzie Financial Corp boosted its holdings in ARC Document Solutions by 15.1% in the second quarter. Mackenzie Financial Corp now owns 34,496 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 4,519 shares in the last quarter. 48.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on ARC shares. Singular Research upgraded shares of ARC Document Solutions to a “strong-buy” rating in a research note on Wednesday, August 21st. StockNews.com began coverage on shares of ARC Document Solutions in a research note on Thursday, December 12th. They set a “strong-buy” rating on the stock.

ARC Document Solutions Price Performance

ARC Document Solutions stock opened at $3.39 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.37 and a current ratio of 1.49. ARC Document Solutions, Inc. has a fifty-two week low of $2.56 and a fifty-two week high of $3.44. The stock has a 50-day simple moving average of $3.39 and a 200-day simple moving average of $3.17. The company has a market capitalization of $146.65 million, a P/E ratio of 30.82, a PEG ratio of 1.53 and a beta of 1.13.

About ARC Document Solutions

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.