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

Investment analysts at StockNews.com began coverage on shares of ARC Document Solutions (NYSE:ARC) in a research report issued to clients and investors on Thursday. The firm set a “strong-buy” rating on the business services provider’s stock.

Separately, Singular Research raised 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 stock opened at $3.42 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. The firm has a fifty day moving average price of $3.26 and a 200 day moving average price of $2.95. The company has a market cap of $147.67 million, a P/E ratio of 17.10, a PEG ratio of 1.20 and a beta of 1.13. ARC Document Solutions has a 12 month low of $2.56 and a 12 month high of $3.42.

ARC Document Solutions (NYSE:ARC) last issued its earnings results on Wednesday, August 7th. The business services provider reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates 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%. Sell-side analysts predict that ARC Document Solutions will post 0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARC Document Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp lifted its position in ARC Document Solutions by 15.1% in the second quarter. Mackenzie Financial Corp now owns 34,496 shares of the business services provider’s stock valued at $91,000 after acquiring an additional 4,519 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its position in ARC Document Solutions by 9.7% in the third quarter. Redhawk Wealth Advisors Inc. now owns 79,784 shares of the business services provider’s stock valued at $270,000 after acquiring an additional 7,032 shares during the last quarter. Ritholtz Wealth Management raised its holdings in shares of ARC Document Solutions by 16.3% in the second quarter. Ritholtz Wealth Management now owns 55,586 shares of the business services provider’s stock valued at $147,000 after buying an additional 7,805 shares during the last quarter. Mirador Capital Partners LP raised its holdings in shares of ARC Document Solutions by 3.0% in the first 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. Finally, Heron Bay Capital Management raised its holdings in shares of ARC Document Solutions by 29.6% in the first quarter. Heron Bay Capital Management now owns 60,601 shares of the business services provider’s stock valued at $168,000 after buying an additional 13,837 shares during the last quarter. 48.93% of the stock is owned by hedge funds and other 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.