Pacific Ridge Capital Partners LLC Decreases Stock Position in ARC Document Solutions, Inc. (NYSE:ARC)

Pacific Ridge Capital Partners LLC decreased its position in shares of ARC Document Solutions, Inc. (NYSE:ARC) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,258,182 shares of the business services provider’s stock after selling 53,808 shares during the period. Pacific Ridge Capital Partners LLC owned about 2.91% of ARC Document Solutions worth $3,322,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ARC. Mirador Capital Partners LP boosted its stake 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 last quarter. JB Capital Partners LP boosted 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. Empowered Funds LLC grew its holdings in 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 worth $622,000 after acquiring an additional 16,975 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its position in shares of ARC Document Solutions by 80.7% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 72,752 shares of the business services provider’s stock worth $192,000 after purchasing an additional 32,487 shares during the last quarter. Finally, Renaissance Technologies LLC raised 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 valued at $7,545,000 after purchasing an additional 48,245 shares in the last quarter. Institutional investors and hedge funds own 48.93% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Singular Research upgraded ARC Document Solutions to a “strong-buy” rating in a research note on Wednesday, August 21st. StockNews.com began coverage on ARC Document Solutions in a report on Monday, September 23rd. They set a “strong-buy” rating on the stock.

ARC Document Solutions Price Performance

ARC stock opened at $3.38 on Friday. The firm has a market cap of $145.73 million, a price-to-earnings ratio of 16.90, a PEG ratio of 1.20 and a beta of 1.13. ARC Document Solutions, Inc. has a 1-year low of $2.56 and a 1-year high of $3.41. The firm has a fifty day moving average price of $3.16 and a two-hundred day moving average price of $2.88. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 1.41.

ARC Document Solutions (NYSE:ARC) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $72.60 million. Research analysts predict that ARC Document Solutions, Inc. will post 0.23 EPS for the current year.

ARC Document Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be given 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 is Thursday, October 31st. ARC Document Solutions’s payout ratio is 100.00%.

ARC Document Solutions 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.