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

StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC) in a research report released on Monday 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 report on Wednesday, August 21st.

ARC Document Solutions Stock Performance

Shares of ARC Document Solutions stock opened at $3.38 on Monday. ARC Document Solutions has a fifty-two week low of $2.56 and a fifty-two week high of $3.41. 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 company has a market capitalization of $145.73 million, a P/E ratio of 16.88, a P/E/G ratio of 1.19 and a beta of 1.13. The company has a fifty day moving average of $3.14 and a 200 day moving average of $2.87.

ARC Document Solutions (NYSE:ARC) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The firm had revenue of $75.11 million during the quarter, compared to analyst estimates of $72.60 million. ARC Document Solutions had a return on equity of 7.29% and a net margin of 2.76%. On average, sell-side analysts anticipate that ARC Document Solutions will post 0.23 earnings per share for the current fiscal year.

ARC Document Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be issued a $0.05 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.20 annualized dividend and a dividend yield of 5.93%. ARC Document Solutions’s dividend payout ratio (DPR) is 100.00%.

Hedge Funds Weigh In On ARC Document Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. raised its holdings in shares of 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in ARC Document Solutions by 5.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,550,606 shares of the business services provider’s stock valued at $4,094,000 after purchasing an additional 83,795 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of ARC Document Solutions by 62.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider’s stock worth $577,000 after buying an additional 83,708 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of ARC Document Solutions by 1.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider’s stock worth $7,545,000 after buying an additional 48,245 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in shares of ARC Document Solutions by 8.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 520,037 shares of the business services provider’s stock worth $1,441,000 after buying an additional 39,800 shares during the last quarter. 48.93% of the stock is owned by 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.