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 report issued on Thursday. The brokerage issued a strong-buy rating on the business services provider’s stock.

Separately, Singular Research raised shares of ARC Document Solutions to a “strong-buy” rating in a research report on Wednesday, August 21st.

ARC Document Solutions Stock Up 0.3 %

Shares of NYSE:ARC opened at $3.42 on Thursday. 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 has a 52-week low of $2.56 and a 52-week high of $3.43. The company has a market capitalization of $147.67 million, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.20 and a beta of 1.13. The company has a fifty day moving average of $3.28 and a 200-day moving average of $2.96.

ARC Document Solutions (NYSE:ARC) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.07 earnings per share (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 business had revenue of $75.11 million during the quarter, compared to analyst estimates of $72.60 million. On average, equities analysts predict that ARC Document Solutions will post 0.23 EPS for the current fiscal year.

ARC Document Solutions Dividend Announcement

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

Institutional Investors Weigh In On ARC Document Solutions

A number of large investors have recently bought and sold shares of ARC. Mackenzie Financial Corp boosted its position 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 purchasing an additional 4,519 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its stake in 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 buying an additional 7,032 shares during the period. Ritholtz Wealth Management boosted its holdings in ARC Document Solutions by 16.3% in the second quarter. Ritholtz Wealth Management now owns 55,586 shares of the business services provider’s stock worth $147,000 after acquiring an additional 7,805 shares in the last quarter. Mirador Capital Partners LP grew its stake in ARC Document Solutions by 3.0% in the first quarter. Mirador Capital Partners LP now owns 400,151 shares of the business services provider’s stock valued at $1,108,000 after acquiring an additional 11,519 shares during the period. Finally, Heron Bay Capital Management increased its holdings in shares of ARC Document Solutions by 29.6% during 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 in the last quarter. 48.93% of the stock is currently owned by institutional investors and hedge funds.

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.