Wolverine Asset Management LLC Invests $539,000 in ARC Document Solutions, Inc. (NYSE:ARC)

Wolverine Asset Management LLC bought a new position in ARC Document Solutions, Inc. (NYSE:ARC - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 159,565 shares of the business services provider's stock, valued at approximately $539,000. Wolverine Asset Management LLC owned about 0.37% of ARC Document Solutions at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Redhawk Wealth Advisors Inc. grew its position in shares of ARC Document Solutions by 9.7% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 79,784 shares of the business services provider's stock worth $270,000 after buying an additional 7,032 shares during the period. Mackenzie Financial Corp lifted its stake in ARC Document Solutions by 15.1% during the 2nd 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 in the last quarter. Heron Bay Capital Management lifted its stake in ARC Document Solutions by 54.2% during the 2nd quarter. Heron Bay Capital Management now owns 93,471 shares of the business services provider's stock valued at $247,000 after acquiring an additional 32,870 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of ARC Document Solutions by 62.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider's stock worth $577,000 after purchasing an additional 83,708 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of ARC Document Solutions by 1.7% during 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 during the period. Institutional investors own 48.93% of the company's stock.

ARC Document Solutions Stock Performance

ARC stock remained flat at $3.38 during midday trading on Thursday. The company's stock had a trading volume of 101,533 shares, compared to its average volume of 194,878. The company has a current ratio of 1.49, a quick ratio of 1.37 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $146.22 million, a PE ratio of 30.73, a price-to-earnings-growth ratio of 1.52 and a beta of 1.13. The firm has a 50 day moving average price of $3.39 and a 200 day moving average price of $3.05. ARC Document Solutions, Inc. has a 12-month low of $2.56 and a 12-month high of $3.44.

Analyst Ratings Changes

A number of research analysts have weighed in on ARC shares. Singular Research raised ARC Document Solutions to a "strong-buy" rating in a report on Wednesday, August 21st. StockNews.com initiated coverage on ARC Document Solutions in a report on Sunday. They set a "strong-buy" rating for the company.

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.