ARC Document Solutions (NYSE:ARC) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of ARC Document Solutions (NYSE:ARC) in a note issued to investors on Thursday. The brokerage set 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 report on Wednesday, August 21st.

ARC Document Solutions Price Performance

Shares of NYSE ARC opened at $3.42 on Thursday. ARC Document Solutions has a twelve month low of $2.56 and a twelve month high of $3.43. 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 capitalization of $147.67 million, a price-to-earnings ratio of 17.10, a PEG ratio of 1.20 and a beta of 1.13. The firm has a 50-day moving average of $3.28 and a two-hundred day moving average of $2.96.

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

Institutional Trading of ARC Document Solutions

Several institutional investors and hedge funds have recently bought and sold shares of ARC. North Star Investment Management Corp. raised its holdings in ARC Document Solutions by 36.5% during the 1st quarter. North Star Investment Management Corp. now owns 1,494,828 shares of the business services provider’s stock worth $4,141,000 after buying an additional 400,000 shares during the period. Dimensional Fund Advisors LP raised its holdings in ARC Document Solutions by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,550,606 shares of the business services provider’s stock worth $4,094,000 after buying an additional 83,795 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of ARC Document Solutions by 62.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider’s stock valued at $577,000 after purchasing an additional 83,708 shares during the period. Renaissance Technologies LLC increased its holdings in shares of ARC Document Solutions by 1.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider’s stock valued at $7,545,000 after purchasing an additional 48,245 shares during the period. Finally, Hillsdale Investment Management Inc. increased its holdings in shares of ARC Document Solutions by 8.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 520,037 shares of the business services provider’s stock valued at $1,441,000 after purchasing an additional 39,800 shares during the period. Institutional investors and hedge funds 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.