Wolverine Asset Management LLC Acquires New Position in ARC Document Solutions, Inc. (NYSE:ARC)

Wolverine Asset Management LLC bought a new position in ARC Document Solutions, Inc. (NYSE:ARC) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 159,565 shares of the business services provider’s stock, valued at approximately $539,000. Wolverine Asset Management LLC owned approximately 0.37% of ARC Document Solutions at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC lifted its position in ARC Document Solutions by 8.2% during the first quarter. Empowered Funds LLC now owns 224,634 shares of the business services provider’s stock worth $622,000 after buying an additional 16,975 shares in the last quarter. 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. Renaissance Technologies LLC boosted its position in shares of ARC Document Solutions by 1.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider’s stock valued at $7,545,000 after acquiring an additional 48,245 shares during the last quarter. First Eagle Investment Management LLC grew its holdings 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 valued at $577,000 after purchasing an additional 83,708 shares during the period. Finally, Heron Bay Capital Management increased its position in ARC Document Solutions by 54.2% during the second quarter. Heron Bay Capital Management now owns 93,471 shares of the business services provider’s stock worth $247,000 after purchasing an additional 32,870 shares during the last quarter. 48.93% of the stock is currently owned by institutional investors and hedge funds.

ARC Document Solutions Price Performance

Shares of ARC opened at $3.38 on Thursday. The company’s 50-day moving average price is $3.39 and its 200 day moving average price is $3.05. ARC Document Solutions, Inc. has a 12-month low of $2.56 and a 12-month high of $3.44. The company has a current ratio of 1.49, a quick ratio of 1.37 and a debt-to-equity ratio of 0.33. The firm has a market cap of $146.22 million, a P/E ratio of 30.73, a price-to-earnings-growth ratio of 1.52 and a beta of 1.13.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ARC. Singular Research upgraded shares of ARC Document Solutions to a “strong-buy” rating in a report on Wednesday, August 21st. StockNews.com started coverage on ARC Document Solutions in a research report on Sunday. They issued a “strong-buy” rating for the company.

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.