Metis Global Partners LLC Purchases New Position in ARC Document Solutions, Inc. (NYSE:ARC)

Metis Global Partners LLC purchased a new position in ARC Document Solutions, Inc. (NYSE:ARC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 19,502 shares of the business services provider’s stock, valued at approximately $66,000.

Several other large investors also recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC purchased a new position in shares of ARC Document Solutions in the 3rd quarter worth approximately $539,000. Redhawk Wealth Advisors Inc. boosted its stake in ARC Document Solutions by 80.7% during the second 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 during the period. Renaissance Technologies LLC increased its position in ARC Document Solutions by 1.7% during the second quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider’s stock valued at $7,545,000 after acquiring an additional 48,245 shares during the last quarter. First Eagle Investment Management LLC raised 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 acquiring an additional 83,708 shares during the period. Finally, Heron Bay Capital Management lifted its holdings in shares of ARC Document Solutions by 54.2% in the 2nd quarter. Heron Bay Capital Management now owns 93,471 shares of the business services provider’s stock worth $247,000 after acquiring an additional 32,870 shares during the last quarter. 48.93% of the stock is owned by institutional investors.

ARC Document Solutions Stock Performance

ARC opened at $3.40 on Wednesday. The company has a market capitalization of $146.87 million, a P/E ratio of 30.87, a PEG ratio of 1.53 and a beta of 1.13. The company has a quick ratio of 1.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. ARC Document Solutions, Inc. has a 52 week low of $2.56 and a 52 week high of $3.44. The stock’s fifty day moving average is $3.39 and its two-hundred day moving average is $3.07.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com initiated coverage on shares of ARC Document Solutions in a research report on Monday. They issued a “strong-buy” rating on the stock. Singular Research raised ARC Document Solutions to a “strong-buy” rating in a research note on Wednesday, August 21st.

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.