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

StockNews.com assumed coverage on shares of ARC Document Solutions (NYSE:ARC) in a report issued on Tuesday. The firm issued a strong-buy rating on the business services provider’s stock.

Separately, Singular Research upgraded ARC Document Solutions to a strong-buy rating in a research note on Wednesday, August 21st.

ARC Document Solutions Price Performance

Shares of NYSE ARC opened at $3.39 on Tuesday. The stock’s 50-day simple moving average is $3.20 and its 200-day simple moving average is $2.91. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.54. The firm has a market capitalization of $146.16 million, a PE ratio of 16.93, a price-to-earnings-growth ratio of 1.20 and a beta of 1.13. ARC Document Solutions has a fifty-two week low of $2.56 and a fifty-two week high of $3.41.

ARC Document Solutions (NYSE:ARC) last issued its earnings results on Wednesday, August 7th. The business services provider reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 analysts’ expectations of $72.60 million. As a group, equities research analysts forecast that ARC Document Solutions will post 0.23 EPS for the current fiscal year.

ARC Document Solutions Dividend Announcement

The firm 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 dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend is Thursday, October 31st. ARC Document Solutions’s payout ratio is currently 100.00%.

Institutional Investors Weigh In On ARC Document Solutions

Hedge funds have recently made changes to their positions in the business. JB Capital Partners LP raised its stake in 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 valued at $3,181,000 after acquiring an additional 25,000 shares during the last quarter. Mirador Capital Partners LP raised its stake in shares of ARC Document Solutions by 3.0% during the first quarter. Mirador Capital Partners LP now owns 400,151 shares of the business services provider’s stock worth $1,108,000 after purchasing an additional 11,519 shares during the last quarter. North Star Investment Management Corp. lifted its holdings in shares of ARC Document Solutions by 36.5% during the first quarter. North Star Investment Management Corp. now owns 1,494,828 shares of the business services provider’s stock worth $4,141,000 after purchasing an additional 400,000 shares during the period. Empowered Funds LLC grew its position in ARC Document Solutions by 8.2% in the 1st quarter. Empowered Funds LLC now owns 224,634 shares of the business services provider’s stock valued at $622,000 after buying an additional 16,975 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in ARC Document Solutions by 28.0% in the 1st quarter. First Eagle Investment Management LLC now owns 134,965 shares of the business services provider’s stock valued at $374,000 after buying an additional 29,500 shares during the period. Institutional investors and hedge funds own 48.93% of the company’s stock.

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.