O Shaughnessy Asset Management LLC lowered its stake in ARC Document Solutions, Inc. (NYSE:ARC – Free Report) by 34.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 138,585 shares of the business services provider’s stock after selling 72,330 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.32% of ARC Document Solutions worth $384,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First Eagle Investment Management LLC increased its position in shares of ARC Document Solutions by 3.8% in the fourth quarter. First Eagle Investment Management LLC now owns 105,465 shares of the business services provider’s stock valued at $346,000 after acquiring an additional 3,834 shares during the last quarter. Stratos Wealth Advisors LLC bought a new position in ARC Document Solutions during the fourth quarter worth about $33,000. Mirador Capital Partners LP grew its holdings in ARC Document Solutions by 3.0% during the first quarter. Mirador Capital Partners LP now owns 400,151 shares of the business services provider’s stock worth $1,108,000 after purchasing an additional 11,519 shares during the period. Assenagon Asset Management S.A. grew its holdings in ARC Document Solutions by 50.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 36,958 shares of the business services provider’s stock worth $121,000 after purchasing an additional 12,319 shares during the period. Finally, Empowered Funds LLC grew its holdings in ARC Document Solutions by 8.2% during the first quarter. Empowered Funds LLC now owns 224,634 shares of the business services provider’s stock worth $622,000 after purchasing an additional 16,975 shares during the period. Institutional investors and hedge funds own 48.93% of the company’s stock.
ARC Document Solutions Trading Up 0.8 %
ARC Document Solutions stock opened at $3.11 on Wednesday. ARC Document Solutions, Inc. has a 52 week low of $2.56 and a 52 week high of $3.62. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.42 and a current ratio of 1.56. The stock has a market capitalization of $134.07 million, a P/E ratio of 15.53, a PEG ratio of 1.08 and a beta of 1.17. The stock has a 50-day simple moving average of $2.83 and a 200 day simple moving average of $2.78.
ARC Document Solutions (NYSE:ARC – Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. ARC Document Solutions had a return on equity of 7.75% and a net margin of 3.09%. The business had revenue of $70.79 million during the quarter, compared to analysts’ expectations of $69.70 million. Analysts expect that ARC Document Solutions, Inc. will post 0.24 earnings per share for the current year.
ARC Document Solutions Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, July 31st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date is Wednesday, July 31st. ARC Document Solutions’s dividend payout ratio is presently 100.00%.
ARC Document Solutions Company Profile
(Free Report)
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.
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