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

StockNews.com started coverage on shares of ARC Document Solutions (NYSE:ARC) in a report published on Sunday morning. The brokerage issued a strong-buy rating on the business services provider’s stock.

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

ARC Document Solutions Price Performance

ARC Document Solutions stock opened at $3.38 on Friday. ARC Document Solutions has a fifty-two week low of $2.56 and a fifty-two week high of $3.41. The stock has a market cap of $145.73 million, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. The firm’s 50-day simple moving average is $3.12 and its 200 day simple moving average is $2.85. 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 earnings results on Wednesday, August 7th. The business services provider reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $75.11 million for the quarter, compared to analysts’ expectations of $72.60 million. ARC Document Solutions had a net margin of 2.76% and a return on equity of 7.29%. Research analysts predict that ARC Document Solutions will post 0.23 EPS for the current fiscal year.

ARC Document Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 31st will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date of this dividend is Thursday, October 31st. ARC Document Solutions’s payout ratio is currently 100.00%.

Institutional Trading of ARC Document Solutions

Institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC increased its holdings in 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 worth $7,545,000 after acquiring an additional 48,245 shares during the period. Dimensional Fund Advisors LP increased its holdings in ARC Document Solutions by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,550,606 shares of the business services provider’s stock worth $4,094,000 after acquiring an additional 83,795 shares during the period. North Star Investment Management Corp. increased its holdings in ARC Document Solutions by 36.5% during the 1st quarter. North Star Investment Management Corp. now owns 1,494,828 shares of the business services provider’s stock worth $4,141,000 after acquiring an additional 400,000 shares during the period. JB Capital Partners LP increased its holdings 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 worth $3,181,000 after acquiring an additional 25,000 shares during the period. Finally, Hillsdale Investment Management Inc. increased its holdings in ARC Document Solutions by 8.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 520,037 shares of the business services provider’s stock worth $1,441,000 after acquiring an additional 39,800 shares during the period. 48.93% of the stock is currently owned by hedge funds and other institutional investors.

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.