ARC Document Solutions (NYSE:ARC) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC) in a research note published on Tuesday morning. The brokerage issued 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 Up 0.4 %

NYSE ARC opened at $3.40 on Tuesday. The company has a current ratio of 1.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. The company has a market cap of $146.59 million, a price-to-earnings ratio of 16.98, a PEG ratio of 1.20 and a beta of 1.13. The company has a 50 day moving average of $3.19 and a 200-day moving average of $2.90. ARC Document Solutions has a 1-year low of $2.56 and a 1-year high of $3.41.

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

ARC Document Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend is Thursday, October 31st. ARC Document Solutions’s payout ratio is presently 100.00%.

Hedge Funds Weigh In On ARC Document Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC boosted its stake 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 valued at $7,545,000 after buying an additional 48,245 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of ARC Document Solutions by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,550,606 shares of the business services provider’s stock worth $4,094,000 after acquiring an additional 83,795 shares during the last quarter. North Star Investment Management Corp. boosted its stake in shares of ARC Document Solutions by 36.5% in the 1st quarter. North Star Investment Management Corp. now owns 1,494,828 shares of the business services provider’s stock valued at $4,141,000 after purchasing an additional 400,000 shares in the last quarter. JB Capital Partners LP grew its holdings 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 purchasing an additional 25,000 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its position in ARC Document Solutions by 8.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 520,037 shares of the business services provider’s stock worth $1,441,000 after purchasing an additional 39,800 shares in the last quarter. Institutional investors own 48.93% of the company’s stock.

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.