Marshall Wace LLP Cuts Stock Holdings in ARC Document Solutions, Inc. (NYSE:ARC)

Marshall Wace LLP reduced its position in shares of ARC Document Solutions, Inc. (NYSE:ARC) by 38.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,799 shares of the business services provider’s stock after selling 31,444 shares during the period. Marshall Wace LLP owned 0.12% of ARC Document Solutions worth $134,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ritholtz Wealth Management increased its stake in ARC Document Solutions by 16.3% during the 2nd quarter. Ritholtz Wealth Management now owns 55,586 shares of the business services provider’s stock worth $147,000 after buying an additional 7,805 shares in the last quarter. Heron Bay Capital Management boosted its holdings in shares of ARC Document Solutions by 29.6% during the 1st quarter. Heron Bay Capital Management now owns 60,601 shares of the business services provider’s stock worth $168,000 after purchasing an additional 13,837 shares during the last quarter. Redhawk Wealth Advisors Inc. boosted 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 worth $192,000 after purchasing an additional 32,487 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of ARC Document Solutions by 28.0% during the 1st quarter. First Eagle Investment Management LLC now owns 134,965 shares of the business services provider’s stock worth $374,000 after purchasing an additional 29,500 shares during the last quarter. Finally, Empowered Funds LLC boosted 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 worth $622,000 after purchasing an additional 16,975 shares during the last quarter. 48.93% of the stock is currently owned by hedge funds and other institutional investors.

ARC Document Solutions Stock Performance

ARC opened at $3.39 on Monday. ARC Document Solutions, Inc. has a one year low of $2.56 and a one year high of $3.41. The stock has a market capitalization of $146.38 million, a PE ratio of 16.95, a P/E/G ratio of 1.20 and a beta of 1.13. The business’s 50 day moving average price is $3.23 and its 200 day moving average price is $2.94. 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 quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates 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 analysts’ expectations of $72.60 million. As a group, equities research analysts expect that ARC Document Solutions, Inc. will post 0.23 EPS for the current year.

ARC Document Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders 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 yield of 5.90%. The ex-dividend date of this dividend is Thursday, October 31st. ARC Document Solutions’s dividend payout ratio (DPR) is 100.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ARC. Singular Research upgraded ARC Document Solutions to a “strong-buy” rating in a report on Wednesday, August 21st. StockNews.com assumed coverage on ARC Document Solutions in a report on Wednesday, October 9th. They set a “strong-buy” rating on the stock.

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.