Mirador Capital Partners LP Cuts Stake in ARC Document Solutions, Inc. (NYSE:ARC)

Mirador Capital Partners LP decreased its position in ARC Document Solutions, Inc. (NYSE:ARC) by 6.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 363,264 shares of the business services provider’s stock after selling 23,299 shares during the period. Mirador Capital Partners LP’s holdings in ARC Document Solutions were worth $1,228,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ARC. Empowered Funds LLC lifted its position in ARC Document Solutions by 8.2% in the first quarter. Empowered Funds LLC now owns 224,634 shares of the business services provider’s stock valued at $622,000 after purchasing an additional 16,975 shares during the period. Redhawk Wealth Advisors Inc. raised its stake 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 buying an additional 32,487 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of ARC Document Solutions by 1.7% during 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. First Eagle Investment Management LLC lifted its holdings 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 valued at $577,000 after buying an additional 83,708 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its stake in shares of ARC Document Solutions by 8.3% in the first quarter. Hillsdale Investment Management Inc. now owns 520,037 shares of the business services provider’s stock valued at $1,441,000 after buying an additional 39,800 shares in the last quarter. Hedge funds and other institutional investors own 48.93% of the company’s stock.

ARC Document Solutions Price Performance

ARC Document Solutions stock traded down $0.01 during trading hours on Friday, hitting $3.38. The stock had a trading volume of 286,955 shares, compared to its average volume of 198,763. The stock has a market capitalization of $145.95 million, a price-to-earnings ratio of 16.93, a PEG ratio of 1.20 and a beta of 1.13. 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, Inc. has a 1-year low of $2.56 and a 1-year high of $3.41. The stock’s fifty day moving average is $3.20 and its two-hundred day moving average is $2.91.

ARC Document Solutions (NYSE:ARC) last posted its earnings results on Wednesday, August 7th. The business services provider reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The firm had revenue of $75.11 million during the quarter, compared to the consensus estimate of $72.60 million. ARC Document Solutions had a net margin of 2.76% and a return on equity of 7.29%. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 5.92%. The ex-dividend date of this dividend is Thursday, October 31st. ARC Document Solutions’s payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ARC. StockNews.com started coverage on ARC Document Solutions in a research report on Tuesday. They issued a “strong-buy” rating for the company. Singular Research upgraded shares of ARC Document Solutions to a “strong-buy” rating in a research note on Wednesday, August 21st.

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.