ARC Document Solutions, Inc. (NYSE:ARC) Short Interest Down 59.2% in September

ARC Document Solutions, Inc. (NYSE:ARC) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 66,300 shares, a decline of 59.2% from the August 31st total of 162,400 shares. Based on an average trading volume of 336,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ARC. Singular Research upgraded ARC Document Solutions to a “strong-buy” rating in a research note on Wednesday, August 21st. StockNews.com initiated coverage on ARC Document Solutions in a research note on Monday. They set a “strong-buy” rating on the stock.

ARC Document Solutions Stock Performance

NYSE ARC traded up $0.01 during trading hours on Friday, reaching $3.38. The stock had a trading volume of 15,636 shares, compared to its average volume of 198,361. The stock has a fifty day moving average of $3.16 and a 200 day moving average of $2.87. The stock has a market cap of $145.95 million, a P/E ratio of 16.85, a price-to-earnings-growth 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 $3.41. 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 released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. ARC Document Solutions had a return on equity of 7.29% and a net margin of 2.76%. The business had revenue of $75.11 million for the quarter, compared to analyst estimates of $72.60 million. Sell-side analysts predict that ARC Document Solutions will post 0.23 earnings per share for the current year.

ARC Document Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.20 annualized dividend and a yield of 5.92%. ARC Document Solutions’s dividend payout ratio is presently 100.00%.

Institutional Investors Weigh In On ARC Document Solutions

Several hedge funds have recently bought and sold shares of ARC. Mirador Capital Partners LP raised its stake in shares of ARC Document Solutions by 3.0% during the 1st quarter. Mirador Capital Partners LP now owns 400,151 shares of the business services provider’s stock worth $1,108,000 after buying an additional 11,519 shares during the period. JB Capital Partners LP raised its holdings in shares of ARC Document Solutions by 2.6% during the 4th quarter. JB Capital Partners LP now owns 969,700 shares of the business services provider’s stock worth $3,181,000 after acquiring an additional 25,000 shares during the period. Empowered Funds LLC raised its holdings in shares of ARC Document Solutions by 8.2% during the 1st quarter. Empowered Funds LLC now owns 224,634 shares of the business services provider’s stock worth $622,000 after acquiring an additional 16,975 shares during the period. Redhawk Wealth Advisors Inc. raised 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 acquiring an additional 32,487 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in shares of ARC Document Solutions during the 4th quarter worth $82,000. Hedge funds and other 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.