ARC Document Solutions (NYSE:ARC) Director De La Mesa Manuel J. Perez acquired 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was purchased at an average price of $2.35 per share, for a total transaction of $47,000.00. Following the acquisition, the director now directly owns 60,378 shares of the company’s stock, valued at approximately $141,888.30. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
Shares of ARC traded down $0.10 during mid-day trading on Friday, hitting $2.10. The company’s stock had a trading volume of 174,441 shares, compared to its average volume of 184,281. ARC Document Solutions has a one year low of $2.05 and a one year high of $4.84. The company has a current ratio of 1.53, a quick ratio of 1.26 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $99.58, a price-to-earnings ratio of 14.67 and a beta of 2.08.
ARC Document Solutions (NYSE:ARC) last posted its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.02 earnings per share for the quarter. ARC Document Solutions had a positive return on equity of 4.45% and a negative net margin of 5.45%. The company had revenue of $97.10 million during the quarter, compared to analysts’ expectations of $95.32 million. During the same period in the prior year, the business earned $0.06 earnings per share. ARC Document Solutions’s revenue for the quarter was down 1.5% compared to the same quarter last year. equities analysts predict that ARC Document Solutions will post 0.12 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its stake in shares of ARC Document Solutions by 10.0% in the second quarter. The Manufacturers Life Insurance Company now owns 38,025 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 3,446 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of ARC Document Solutions by 94.1% in the fourth quarter. Wells Fargo & Company MN now owns 66,971 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 32,463 shares in the last quarter. Deutsche Bank AG raised its stake in shares of ARC Document Solutions by 91.6% in the fourth quarter. Deutsche Bank AG now owns 89,278 shares of the business services provider’s stock valued at $226,000 after purchasing an additional 42,680 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new position in shares of ARC Document Solutions in the fourth quarter valued at $263,000. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in shares of ARC Document Solutions by 114.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 121,100 shares of the business services provider’s stock valued at $308,000 after purchasing an additional 64,600 shares in the last quarter. Institutional investors and hedge funds own 70.85% of the company’s stock.
Separately, Zacks Investment Research cut ARC Document Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, March 8th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $4.00.
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About ARC Document Solutions
ARC Document Solutions, Inc, a reprographics company, provides document solutions worldwide. It offers managed print services, an onsite service that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and operates 175 offsite service centers, which offers managed print service customers with the flexibility and overflow capacity during peak workloads.
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