ARC Document Solutions, Inc. (NYSE:ARC) Sees Significant Increase in Short Interest

ARC Document Solutions, Inc. (NYSE:ARC) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 74,300 shares, an increase of 21.0% from the September 30th total of 61,400 shares. Based on an average daily volume of 354,100 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

ARC Document Solutions Stock Down 0.3 %

ARC Document Solutions stock traded down $0.01 during mid-day trading on Wednesday, reaching $3.41. The company’s stock had a trading volume of 571,963 shares, compared to its average volume of 199,063. The business’s 50 day simple moving average is $3.35 and its 200 day simple moving average is $3.00. ARC Document Solutions has a 12 month low of $2.56 and a 12 month high of $3.44. The company has a market capitalization of $147.24 million, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 1.20 and a beta of 1.13. 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 (NYSE:ARC) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.07 EPS 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. As a group, research analysts anticipate that ARC Document Solutions will post 0.23 earnings per share for the current year.

ARC Document Solutions Announces Dividend

The company also recently disclosed 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 5.87%. The ex-dividend date of this dividend is Thursday, October 31st. ARC Document Solutions’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ARC. Mackenzie Financial Corp lifted its stake in shares of ARC Document Solutions by 15.1% during 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 lifted its stake in shares of ARC Document Solutions by 16.3% during the 2nd quarter. Ritholtz Wealth Management now owns 55,586 shares of the business services provider’s stock worth $147,000 after buying an additional 7,805 shares during the last quarter. Heron Bay Capital Management lifted its stake in shares of ARC Document Solutions by 29.6% during the 1st quarter. Heron Bay Capital Management now owns 60,601 shares of the business services provider’s stock worth $168,000 after buying an additional 13,837 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its stake 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 buying an additional 32,487 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in shares of ARC Document Solutions by 28.0% during the 1st 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 last quarter. Institutional investors own 48.93% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of ARC Document Solutions in a research report on Friday, October 25th. 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 report on Wednesday, August 21st.

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.