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

Equities researchers at StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC - Get Free Report) in a research note issued to investors on Friday. 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 remained flat at $3.44 during trading hours on Friday. 106,329 shares of the stock traded hands, compared to its average volume of 197,570. The company has a 50 day moving average of $3.32 and a 200 day moving average of $2.99. The company has a quick ratio of 1.41, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. ARC Document Solutions has a 52 week low of $2.56 and a 52 week high of $3.44. The stock has a market cap of $148.32 million, a P/E ratio of 17.18, a PEG ratio of 1.20 and a beta of 1.13.

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, hitting the consensus estimate of $0.07. ARC Document Solutions had a net margin of 2.76% and a return on equity of 7.29%. The company had revenue of $75.11 million during the quarter, compared to the consensus estimate of $72.60 million. On average, research analysts forecast that ARC Document Solutions will post 0.23 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp lifted its stake 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. Ritholtz Wealth Management lifted its stake in 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 acquiring an additional 7,805 shares during the last quarter. Heron Bay Capital Management lifted its stake in 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 acquiring an additional 13,837 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in ARC Document Solutions by 80.7% in the second quarter. Redhawk Wealth Advisors Inc. now owns 72,752 shares of the business services provider's stock valued at $192,000 after acquiring an additional 32,487 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in ARC Document Solutions by 28.0% in the first quarter. First Eagle Investment Management LLC now owns 134,965 shares of the business services provider's stock valued at $374,000 after acquiring an additional 29,500 shares during the last quarter. 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.