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

StockNews.com started coverage on shares of ARC Document Solutions (NYSE:ARC) in a research note issued to investors on Friday. The brokerage 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 report on Wednesday, August 21st.

ARC Document Solutions Price Performance

Shares of NYSE:ARC opened at $3.44 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 1.41. The stock has a market cap of $148.32 million, a price-to-earnings ratio of 17.18, a PEG ratio of 1.20 and a beta of 1.13. The stock’s 50 day moving average price is $3.32 and its 200 day moving average price is $2.99. ARC Document Solutions has a 12 month low of $2.56 and a 12 month high of $3.44.

ARC Document Solutions (NYSE:ARC) last issued its quarterly earnings results 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 company had revenue of $75.11 million during the quarter, compared to the consensus estimate of $72.60 million. Equities research analysts anticipate that ARC Document Solutions will post 0.23 earnings per share for the current fiscal year.

ARC Document Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date is Thursday, October 31st. ARC Document Solutions’s dividend payout ratio (DPR) is 100.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Redhawk Wealth Advisors Inc. boosted its stake in shares of ARC Document Solutions by 9.7% during 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 holdings in ARC Document Solutions by 15.1% during 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 during the last quarter. Heron Bay Capital Management raised its position in shares of 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 valued at $247,000 after purchasing an additional 32,870 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of ARC Document Solutions by 62.0% in the second 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 lifted its stake 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 worth $7,545,000 after buying an additional 48,245 shares during the last quarter. 48.93% of the stock is owned by hedge funds and other institutional investors.

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.