Short Interest in ARC Document Solutions, Inc. (NYSE:ARC) Grows By 176.2%

ARC Document Solutions, Inc. (NYSE:ARC - Get Free Report) saw a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 89,500 shares, an increase of 176.2% from the July 31st total of 32,400 shares. Approximately 0.3% of the company's stock are sold short. Based on an average daily volume of 105,400 shares, the days-to-cover ratio is currently 0.8 days.

Analysts Set New Price Targets

Separately, Singular Research raised shares of ARC Document Solutions to a "strong-buy" rating in a report on Wednesday, August 21st.

ARC Document Solutions Stock Performance

Shares of ARC traded up $0.26 during mid-day trading on Wednesday, hitting $3.35. The company's stock had a trading volume of 4,210,928 shares, compared to its average volume of 146,689. ARC Document Solutions has a one year low of $2.56 and a one year high of $3.52. The stock's 50-day moving average is $2.95 and its two-hundred day moving average is $2.78. The firm has a market capitalization of $144.65 million, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.05 and a beta of 1.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.42 and a current ratio of 1.56.

ARC Document Solutions (NYSE:ARC - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $75.11 million for the quarter, compared to analyst estimates of $72.60 million. ARC Document Solutions had a net margin of 3.09% and a return on equity of 7.75%. As a group, sell-side analysts anticipate that ARC Document Solutions will post 0.24 EPS for the current year.

ARC Document Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.20 annualized dividend and a yield of 5.97%. ARC Document Solutions's dividend payout ratio (DPR) is 100.00%.

Institutional Trading of ARC Document Solutions

Hedge funds have recently modified their holdings of the company. Thompson Davis & CO. Inc. raised its stake in shares of ARC Document Solutions by 28.6% in the fourth quarter. Thompson Davis & CO. Inc. now owns 556,585 shares of the business services provider's stock valued at $1,826,000 after purchasing an additional 123,900 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of ARC Document Solutions during the 4th quarter worth about $82,000. First Eagle Investment Management LLC lifted its holdings in shares of ARC Document Solutions by 3.8% during the 4th quarter. First Eagle Investment Management LLC now owns 105,465 shares of the business services provider's stock worth $346,000 after acquiring an additional 3,834 shares during the period. JB Capital Partners LP boosted its position in shares of 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 acquiring an additional 25,000 shares in the last quarter. Finally, Mirador Capital Partners LP increased its stake in 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 acquiring an additional 11,519 shares during the period. 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.