ARC Document Solutions (NYSE:ARC) Now Covered by StockNews.com

StockNews.com began coverage on shares of ARC Document Solutions (NYSE:ARC) in a research report released on Saturday. The firm issued a strong-buy rating on the business services provider’s stock.

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

ARC Document Solutions Stock Down 0.3 %

Shares of NYSE ARC opened at $3.37 on Friday. The company has a market cap of $145.79 million, a price-to-earnings ratio of 18.72, a PEG ratio of 1.20 and a beta of 1.13. The company has a current ratio of 1.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. ARC Document Solutions has a 12 month low of $2.56 and a 12 month high of $3.44. The stock has a 50-day moving average price of $3.38 and a two-hundred day moving average price of $3.03.

ARC Document Solutions (NYSE:ARC) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $75.11 million during the quarter, compared to the consensus estimate of $72.60 million. ARC Document Solutions had a net margin of 2.76% and a return on equity of 7.29%. As a group, analysts forecast that ARC Document Solutions will post 0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ARC Document Solutions

A number of hedge funds have recently made changes to their positions in the stock. Wolverine Asset Management LLC bought a new stake in ARC Document Solutions in the third quarter valued at approximately $539,000. Dimensional Fund Advisors LP increased its position in ARC Document Solutions by 5.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,550,606 shares of the business services provider’s stock valued at $4,094,000 after buying an additional 83,795 shares in the last quarter. First Eagle Investment Management LLC raised its stake in 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 buying an additional 83,708 shares during the period. Renaissance Technologies LLC boosted its holdings in ARC Document Solutions by 1.7% in the second quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider’s stock worth $7,545,000 after acquiring an additional 48,245 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its stake in ARC Document Solutions by 8.3% in the first quarter. Hillsdale Investment Management Inc. now owns 520,037 shares of the business services provider’s stock valued at $1,441,000 after acquiring an additional 39,800 shares during the period. 48.93% of the stock is currently owned by institutional investors.

ARC Document Solutions Company Profile

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.