StockNews.com Begins Coverage on ARC Document Solutions (NYSE:ARC)

Research analysts at StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC) in a note issued to investors on Thursday. The brokerage set 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 report on Wednesday, August 21st.

ARC Document Solutions Price Performance

ARC opened at $3.39 on Thursday. The firm has a market cap of $146.65 million, a P/E ratio of 30.82, a price-to-earnings-growth ratio of 1.53 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.37 and a current ratio of 1.49. The business has a 50 day moving average price of $3.39 and a 200 day moving average price of $3.15. ARC Document Solutions has a twelve month low of $2.56 and a twelve month high of $3.44.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ARC. Wolverine Asset Management LLC acquired a new stake in shares of ARC Document Solutions in the third quarter worth $539,000. Dimensional Fund Advisors LP raised its position in shares of 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 buying an additional 83,795 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of ARC Document Solutions by 62.0% in the second quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider’s stock valued at $577,000 after buying an additional 83,708 shares during the period. Barclays PLC acquired a new stake in ARC Document Solutions during the third quarter worth about $282,000. Finally, Virtu Financial LLC acquired a new position in shares of ARC Document Solutions in the third quarter valued at $199,000. 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.