ARC Document Solutions, Inc. (NYSE:ARC) Short Interest Down 7.4% in September

ARC Document Solutions, Inc. (NYSE:ARC) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 61,400 shares, a drop of 7.4% from the September 15th total of 66,300 shares. Based on an average daily volume of 340,500 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.

Analyst Ratings Changes

Several research analysts recently commented on the company. StockNews.com assumed coverage on ARC Document Solutions in a research report on Thursday. They issued a “strong-buy” rating for the company. Singular Research raised shares of ARC Document Solutions to a “strong-buy” rating in a research note on Wednesday, August 21st.

ARC Document Solutions Stock Performance

ARC remained flat at $3.42 during trading on Thursday. 93,080 shares of the company’s stock traded hands, compared to its average volume of 198,836. The company has a quick ratio of 1.41, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. The stock has a market cap of $147.67 million, a P/E ratio of 17.10, a PEG ratio of 1.20 and a beta of 1.13. ARC Document Solutions has a 52 week low of $2.56 and a 52 week high of $3.42. The business’s fifty day simple moving average is $3.26 and its 200 day simple moving average is $2.95.

ARC Document Solutions (NYSE:ARC) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.07 earnings per share 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 for the quarter, compared to analyst estimates of $72.60 million. On average, equities research analysts anticipate that ARC Document Solutions will post 0.23 EPS for the current year.

ARC Document Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be paid a $0.05 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.85%. ARC Document Solutions’s payout ratio is 100.00%.

Institutional Trading of ARC Document Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its holdings in ARC Document Solutions by 15.1% in 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 during the last quarter. Ritholtz Wealth Management boosted its holdings in ARC Document Solutions by 16.3% in the 2nd quarter. Ritholtz Wealth Management now owns 55,586 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 7,805 shares during the last quarter. Heron Bay Capital Management lifted its holdings in ARC Document Solutions by 29.6% in the first quarter. Heron Bay Capital Management now owns 60,601 shares of the business services provider’s stock valued at $168,000 after acquiring an additional 13,837 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its holdings in shares of ARC Document Solutions by 80.7% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 72,752 shares of the business services provider’s stock worth $192,000 after purchasing an additional 32,487 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in ARC Document Solutions by 28.0% during the first quarter. First Eagle Investment Management LLC now owns 134,965 shares of the business services provider’s stock worth $374,000 after buying an additional 29,500 shares during the period. Institutional investors and hedge funds 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.