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

StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC – Get Rating) in a research note issued to investors on Thursday morning. The firm issued a strong-buy rating on the business services provider’s stock.

ARC Document Solutions Stock Down 3.5 %

Shares of NYSE ARC opened at $3.07 on Thursday. The business has a 50-day moving average of $3.42 and a two-hundred day moving average of $2.95. The company has a market capitalization of $132.10 million, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 0.83 and a beta of 1.43. ARC Document Solutions has a 1 year low of $2.11 and a 1 year high of $4.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.48 and a quick ratio of 1.36.

ARC Document Solutions (NYSE:ARC – Get Rating) last posted its earnings results on Wednesday, February 22nd. The business services provider reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $68.82 million during the quarter, compared to analysts’ expectations of $70.70 million. ARC Document Solutions had a return on equity of 7.68% and a net margin of 3.88%. During the same quarter in the previous year, the business earned $0.06 earnings per share. On average, analysts forecast that ARC Document Solutions will post 0.31 earnings per share for the current fiscal year.

ARC Document Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Friday, April 28th will be paid a dividend of $0.05 per share. The ex-dividend date is Saturday, April 29th. This represents a $0.20 annualized dividend and a yield of 6.51%. ARC Document Solutions’s dividend payout ratio is currently 74.07%.

Insider Buying and Selling at ARC Document Solutions

In other ARC Document Solutions news, CTO Rahul K. Roy sold 23,230 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $3.20, for a total transaction of $74,336.00. Following the transaction, the chief technology officer now owns 414,342 shares of the company’s stock, valued at $1,325,894.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 19.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ARC Document Solutions

Several large investors have recently modified their holdings of the company. Millennium Management LLC increased its holdings in shares of ARC Document Solutions by 142.0% in the 4th quarter. Millennium Management LLC now owns 314,679 shares of the business services provider’s stock valued at $922,000 after acquiring an additional 184,621 shares during the period. Man Group plc increased its stake in ARC Document Solutions by 200.9% in the fourth quarter. Man Group plc now owns 49,603 shares of the business services provider’s stock valued at $145,000 after purchasing an additional 33,116 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of ARC Document Solutions by 11.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 49,302 shares of the business services provider’s stock valued at $144,000 after buying an additional 5,000 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of ARC Document Solutions by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 300,025 shares of the business services provider’s stock worth $879,000 after buying an additional 5,828 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of ARC Document Solutions by 12.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 899,247 shares of the business services provider’s stock worth $2,634,000 after buying an additional 101,777 shares during the last quarter. 47.68% of the stock is owned by institutional investors and hedge funds.

About ARC Document Solutions

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ARC Document Solutions, Inc engages in the provision of document solutions to design, engineering, construction, and facilities management professionals. It offers managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, web-based document management applications, and equipment and supplies sales.