ARC Document Solutions (NYSE:ARC) Receives New Coverage from Analysts at StockNews.com

by · The Cerbat Gem

StockNews.com began coverage on shares of ARC Document Solutions (NYSE:ARC – Free Report) in a report published on Wednesday morning. The brokerage 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.

Check Out Our Latest Research Report on ARC

ARC Document Solutions Price Performance

Shares of ARC Document Solutions stock opened at $3.39 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.54. ARC Document Solutions has a 52-week low of $2.56 and a 52-week high of $3.41. The company’s 50 day moving average price is $3.23 and its 200-day moving average price is $2.94. The stock has a market capitalization of $146.38 million, a price-to-earnings ratio of 16.95, a P/E/G ratio of 1.20 and a beta of 1.13.

ARC Document Solutions (NYSE:ARC – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.07 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $75.11 million for the quarter, compared to analyst estimates of $72.60 million. Equities research analysts forecast that ARC Document Solutions will post 0.23 EPS for the current year.

ARC Document Solutions Announces Dividend

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

Institutional Investors Weigh In On ARC Document Solutions

Large investors have recently modified their holdings of the stock. Redhawk Wealth Advisors Inc. raised its position in shares of ARC Document Solutions by 9.7% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 79,784 shares of the business services provider’s stock worth $270,000 after acquiring an additional 7,032 shares in the last quarter. Mackenzie Financial Corp grew its stake 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 worth $91,000 after purchasing an additional 4,519 shares during the period. Heron Bay Capital Management raised its holdings in ARC Document Solutions by 54.2% in the second quarter. Heron Bay Capital Management now owns 93,471 shares of the business services provider’s stock worth $247,000 after purchasing an additional 32,870 shares in the last quarter. First Eagle Investment Management LLC lifted its position in ARC Document Solutions by 62.0% during the second quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider’s stock valued at $577,000 after buying an additional 83,708 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of ARC Document Solutions by 1.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider’s stock valued at $7,545,000 after buying an additional 48,245 shares in the last quarter. Institutional investors own 48.93% of the company’s stock.

About ARC Document Solutions

(Get Free Report)

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.

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