ARC Document Solutions (NYSE:ARC) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of ARC Document Solutions (NYSE:ARC – Get Rating) in a research report sent to investors on Thursday. The firm issued a strong-buy rating on the business services provider’s stock.

ARC Document Solutions Stock Down 3.5 %

ARC Document Solutions stock opened at $3.07 on Thursday. The stock’s 50 day moving average price is $3.42 and its 200 day moving average price is $2.95. ARC Document Solutions has a 1-year low of $2.11 and a 1-year high of $4.18. The company has a market cap of $132.10 million, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.83 and a beta of 1.43. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.48 and a quick ratio of 1.36.

ARC Document Solutions (NYSE:ARC – Get Rating) last issued its earnings results on Wednesday, February 22nd. The business services provider reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. ARC Document Solutions had a net margin of 3.88% and a return on equity of 7.68%. The company had revenue of $68.82 million for the quarter, compared to analyst estimates of $70.70 million. During the same period in the previous year, the firm earned $0.06 EPS. On average, sell-side analysts predict that ARC Document Solutions will post 0.31 EPS for the current fiscal year.

ARC Document Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Friday, April 28th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Saturday, April 29th. This represents a $0.20 dividend on an annualized basis and a yield of 6.51%. ARC Document Solutions’s dividend payout ratio (DPR) is presently 74.07%.

Insider Buying and Selling

In related news, CTO Rahul K. Roy sold 23,230 shares of ARC Document Solutions stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $3.20, for a total transaction of $74,336.00. Following the completion of the transaction, the chief technology officer now directly owns 414,342 shares of the company’s stock, valued at $1,325,894.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 19.76% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in ARC Document Solutions in the 3rd quarter valued at about $29,000. Occudo Quantitative Strategies LP acquired a new stake in shares of ARC Document Solutions in the second quarter valued at approximately $29,000. Virtu Financial LLC purchased a new position in shares of ARC Document Solutions during the 1st quarter worth approximately $39,000. Tower Research Capital LLC TRC increased its stake in shares of ARC Document Solutions by 47.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 17,514 shares of the business services provider’s stock worth $40,000 after purchasing an additional 5,648 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new position in shares of ARC Document Solutions during the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 47.68% of the company’s stock.

ARC Document Solutions Company Profile

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ARC Document Solutions, Inc engages in the provision of document solutions to design, engineering, construction, and facilities management professionals. It offers managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, web-based document management applications, and equipment and supplies sales.