ARC Document Solutions, Inc. (NYSE:ARC) Short Interest Update

ARC Document Solutions, Inc. (NYSE:ARC) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 28,300 shares, a decline of 76.4% from the June 30th total of 119,900 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 105,400 shares, the days-to-cover ratio is currently 0.3 days.

ARC Document Solutions Trading Up 0.5 %

ARC stock traded up $0.02 during midday trading on Thursday, hitting $3.11. The company had a trading volume of 120,178 shares, compared to its average volume of 126,064. The company has a current ratio of 1.56, a quick ratio of 1.42 and a debt-to-equity ratio of 0.34. ARC Document Solutions has a 52 week low of $2.56 and a 52 week high of $3.68. The stock’s 50 day moving average price is $2.81 and its 200 day moving average price is $2.78. The stock has a market cap of $134.07 million, a price-to-earnings ratio of 15.53, a PEG ratio of 1.07 and a beta of 1.17.

ARC Document Solutions (NYSE:ARC) last announced its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. ARC Document Solutions had a return on equity of 7.75% and a net margin of 3.09%. The firm had revenue of $70.79 million during the quarter, compared to the consensus estimate of $69.70 million. As a group, equities research analysts expect that ARC Document Solutions will post 0.24 earnings per share for the current fiscal year.

ARC Document Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, July 31st will be given a $0.05 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $0.20 annualized dividend and a yield of 6.44%. ARC Document Solutions’s payout ratio is currently 100.00%.

Institutional Trading of ARC Document Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of ARC. Assenagon Asset Management S.A. increased its stake in shares of ARC Document Solutions by 50.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 36,958 shares of the business services provider’s stock valued at $121,000 after buying an additional 12,319 shares during the period. Stratos Wealth Advisors LLC purchased a new position in shares of ARC Document Solutions during the fourth quarter valued at approximately $33,000. Thompson Davis & CO. Inc. increased its stake in shares of ARC Document Solutions by 28.6% during the fourth quarter. Thompson Davis & CO. Inc. now owns 556,585 shares of the business services provider’s stock valued at $1,826,000 after buying an additional 123,900 shares during the period. Victory Capital Management Inc. purchased a new position in shares of ARC Document Solutions during the fourth quarter valued at approximately $82,000. Finally, First Eagle Investment Management LLC increased 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 valued at $346,000 after buying an additional 3,834 shares during the period. Institutional investors own 48.93% of the company’s stock.

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.