ARC Document Solutions, Inc. (NYSE:ARC) Short Interest Update

ARC Document Solutions, Inc. (NYSE:ARC) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 28,300 shares, a decrease of 76.4% from the June 30th total of 119,900 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 105,400 shares, the days-to-cover ratio is presently 0.3 days.

ARC Document Solutions Trading Up 0.5 %

NYSE:ARC traded up $0.02 on Thursday, reaching $3.11. 120,178 shares of the stock traded hands, compared to its average volume of 126,064. The firm has a market capitalization of $134.07 million, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 1.07 and a beta of 1.17. The company’s 50 day moving average is $2.81 and its 200-day moving average is $2.78. The company has a current ratio of 1.56, a quick ratio of 1.42 and a debt-to-equity ratio of 0.34. ARC Document Solutions has a 1-year low of $2.56 and a 1-year high of $3.68.

ARC Document Solutions (NYSE:ARC) last released its earnings results on Tuesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $70.79 million during the quarter, compared to the consensus estimate of $69.70 million. ARC Document Solutions had a net margin of 3.09% and a return on equity of 7.75%. Equities research analysts anticipate that ARC Document Solutions will post 0.24 EPS for the current fiscal year.

ARC Document Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 6.44%. The ex-dividend date is Wednesday, July 31st. ARC Document Solutions’s dividend payout ratio (DPR) is 100.00%.

Institutional Trading of ARC Document Solutions

Several large investors have recently modified their holdings of ARC. North Star Investment Management Corp. grew its position in shares of 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. Thompson Davis & CO. Inc. grew its position in shares of ARC Document Solutions by 28.6% during the 4th quarter. Thompson Davis & CO. Inc. now owns 556,585 shares of the business services provider’s stock worth $1,826,000 after buying an additional 123,900 shares during the period. Hillsdale Investment Management Inc. grew its position in shares of 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 buying an additional 39,800 shares during the period. Redhawk Wealth Advisors Inc. grew its position in shares of ARC Document Solutions by 80.7% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 72,752 shares of the business services provider’s stock worth $192,000 after buying an additional 32,487 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in shares of ARC Document Solutions by 28.0% in the 1st quarter. First Eagle Investment Management LLC now owns 134,965 shares of the business services provider’s stock worth $374,000 after purchasing an additional 29,500 shares in the last quarter. Institutional investors and hedge funds own 48.93% of the company’s stock.

About ARC Document Solutions

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.