ARC Document Solutions Inc (NYSE:ARC) Director De La Mesa Manuel J. Perez bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were acquired at an average price of $2.35 per share, with a total value of $47,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of ARC Document Solutions Inc (ARC) traded down $0.06 during trading on Thursday, hitting $2.35. 245,161 shares of the company’s stock were exchanged, compared to its average volume of 183,682. The firm has a market capitalization of $108.64, a P/E ratio of -4.97 and a beta of 2.30. ARC Document Solutions Inc has a 1-year low of $2.07 and a 1-year high of $4.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.26 and a current ratio of 1.53.
ARC Document Solutions (NYSE:ARC) last issued its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.02 earnings per share for the quarter. The business had revenue of $97.10 million during the quarter, compared to the consensus estimate of $95.32 million. ARC Document Solutions had a negative net margin of 5.45% and a positive return on equity of 4.45%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 earnings per share. sell-side analysts expect that ARC Document Solutions Inc will post 0.12 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the stock. TheStreet downgraded shares of ARC Document Solutions from a “c-” rating to a “d+” rating in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of ARC Document Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. ARC Document Solutions presently has an average rating of “Hold” and a consensus price target of $4.00.
Institutional investors have recently modified their holdings of the business. Strs Ohio raised its position in shares of ARC Document Solutions by 69.0% in the fourth quarter. Strs Ohio now owns 237,000 shares of the business services provider’s stock worth $604,000 after acquiring an additional 96,800 shares during the period. First Quadrant L P CA raised its position in shares of ARC Document Solutions by 14.3% in the fourth quarter. First Quadrant L P CA now owns 281,985 shares of the business services provider’s stock worth $719,000 after acquiring an additional 35,258 shares during the period. Boston Partners raised its position in shares of ARC Document Solutions by 6.3% in the third quarter. Boston Partners now owns 1,540,913 shares of the business services provider’s stock worth $6,302,000 after acquiring an additional 91,010 shares during the period. Dimensional Fund Advisors LP raised its position in shares of ARC Document Solutions by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,202,841 shares of the business services provider’s stock worth $9,164,000 after acquiring an additional 80,216 shares during the period. Finally, Weber Alan W raised its position in shares of ARC Document Solutions by 32.0% in the fourth quarter. Weber Alan W now owns 474,700 shares of the business services provider’s stock worth $1,210,000 after acquiring an additional 115,000 shares during the period. Institutional investors and hedge funds own 70.85% of the company’s stock.
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ARC Document Solutions Company Profile
ARC Document Solutions, Inc (ARC) is a document solutions provider for the architectural, engineering and construction (AEC) industry. The Company also provides document solutions to businesses of various types. ARC’s offerings include managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, Web-based document management applications, digital shipping/managed file transfer, and equipment and supplies sales.
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