ARC Document Solutions (NYSE:ARC) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of ARC Document Solutions (NYSE:ARC - Free Report) in a report released on Tuesday morning. The firm issued 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

Shares of NYSE ARC remained flat at $3.38 during mid-day trading on Tuesday. 145,986 shares of the stock were exchanged, compared to its average volume of 198,453. The company has a market capitalization of $145.73 million, a PE ratio of 16.90, a P/E/G ratio of 1.20 and a beta of 1.13. The business has a fifty day moving average of $3.17 and a 200-day moving average of $2.89. ARC Document Solutions has a 52-week low of $2.56 and a 52-week high of $3.41. 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.07 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.07. ARC Document Solutions had a net margin of 2.76% and a return on equity of 7.29%. The firm had revenue of $75.11 million during the quarter, compared to analysts' expectations of $72.60 million. Equities research analysts anticipate that ARC Document Solutions 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 paid a $0.05 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.20 dividend on an annualized basis and a yield of 5.93%. ARC Document Solutions's dividend payout ratio is presently 100.00%.

Institutional Investors Weigh In On ARC Document Solutions

Institutional investors have recently made changes to their positions in the business. Mirador Capital Partners LP boosted its position in ARC Document Solutions by 3.0% during the 1st 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 period. JB Capital Partners LP boosted its position in ARC Document Solutions by 2.6% during the 4th quarter. JB Capital Partners LP now owns 969,700 shares of the business services provider's stock valued at $3,181,000 after buying an additional 25,000 shares during the period. Empowered Funds LLC boosted its position in 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 valued at $622,000 after buying an additional 16,975 shares during the period. Redhawk Wealth Advisors Inc. raised its holdings in ARC Document Solutions by 80.7% in 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 in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in ARC Document Solutions by 1.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider's stock worth $7,545,000 after purchasing an additional 48,245 shares in the last quarter. Hedge funds and other institutional investors own 48.93% of the company's 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.