ARC Document Solutions, Inc. (NYSE:ARC) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its stake in shares of ARC Document Solutions, Inc. (NYSE:ARC) by 62.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 218,673 shares of the business services provider’s stock after buying an additional 83,708 shares during the quarter. First Eagle Investment Management LLC’s holdings in ARC Document Solutions were worth $577,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Mirador Capital Partners LP raised its holdings in shares of ARC Document Solutions by 3.0% during the 1st quarter. Mirador Capital Partners LP now owns 400,151 shares of the business services provider’s stock valued at $1,108,000 after buying an additional 11,519 shares during the period. JB Capital Partners LP raised its holdings in shares of 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 buying an additional 25,000 shares during the period. Empowered Funds LLC raised its holdings in shares of ARC Document Solutions by 8.2% during 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 period. 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 valued at $192,000 after buying an additional 32,487 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in shares of ARC Document Solutions during the 4th quarter valued at about $82,000. 48.93% of the stock is currently owned by hedge funds and other institutional investors.

ARC Document Solutions Price Performance

ARC stock opened at $3.38 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. ARC Document Solutions, Inc. has a 52-week low of $2.56 and a 52-week high of $3.41. The stock’s 50 day moving average is $3.14 and its two-hundred day moving average is $2.86. The company has a market capitalization of $145.95 million, a PE ratio of 16.90, a P/E/G ratio of 1.19 and a beta of 1.13.

ARC Document Solutions (NYSE:ARC) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. ARC Document Solutions had a return on equity of 7.29% and a net margin of 2.76%. The company had revenue of $75.11 million for the quarter, compared to the consensus estimate of $72.60 million. Analysts predict that ARC Document Solutions, Inc. will post 0.23 earnings per share 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 issued a dividend of $0.05 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.20 annualized dividend and a yield of 5.92%. ARC Document Solutions’s dividend payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

ARC has been the topic of several analyst reports. Singular Research upgraded 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 report on Sunday, September 15th. They set a “strong-buy” rating on the 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.