First Eagle Investment Management LLC Grows Position in ARC Document Solutions, Inc. (NYSE:ARC)

First Eagle Investment Management LLC boosted its holdings in ARC Document Solutions, Inc. (NYSE:ARC) by 62.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 218,673 shares of the business services provider’s stock after acquiring an additional 83,708 shares during the quarter. First Eagle Investment Management LLC owned about 0.51% of ARC Document Solutions worth $577,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Victory Capital Management Inc. purchased a new position in shares of ARC Document Solutions in the fourth quarter valued at $82,000. JB Capital Partners LP increased its position in shares of ARC Document Solutions by 2.6% in the fourth quarter. JB Capital Partners LP now owns 969,700 shares of the business services provider’s stock valued at $3,181,000 after buying an additional 25,000 shares in the last quarter. Mirador Capital Partners LP increased its position in shares of ARC Document Solutions by 3.0% in the first quarter. Mirador Capital Partners LP now owns 400,151 shares of the business services provider’s stock valued at $1,108,000 after buying an additional 11,519 shares in the last quarter. North Star Investment Management Corp. increased its position in shares of ARC Document Solutions by 36.5% in the first quarter. North Star Investment Management Corp. now owns 1,494,828 shares of the business services provider’s stock valued at $4,141,000 after buying an additional 400,000 shares in the last quarter. Finally, Empowered Funds LLC increased its position in shares of ARC Document Solutions by 8.2% in the first quarter. Empowered Funds LLC now owns 224,634 shares of the business services provider’s stock valued at $622,000 after buying an additional 16,975 shares in the last quarter. Hedge funds and other institutional investors own 48.93% of the company’s stock.

Analyst Upgrades and Downgrades

ARC has been the subject of a number of recent research reports. StockNews.com initiated coverage on ARC Document Solutions in a research report on Sunday, September 15th. They set a “strong-buy” rating for the company. Singular Research upgraded ARC Document Solutions to a “strong-buy” rating in a research report on Wednesday, August 21st.

ARC Document Solutions Stock Up 0.3 %

Shares of NYSE:ARC opened at $3.38 on Friday. The stock’s 50-day moving average price is $3.14 and its two-hundred day moving average price is $2.86. The company has a current ratio of 1.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. ARC Document Solutions, Inc. has a 12-month low of $2.56 and a 12-month high of $3.41. The firm has a market cap of $145.95 million, a price-to-earnings ratio of 16.90, a PEG ratio of 1.19 and a beta of 1.13.

ARC Document Solutions (NYSE:ARC) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $75.11 million for the quarter, compared to analyst estimates of $72.60 million. ARC Document Solutions had a return on equity of 7.29% and a net margin of 2.76%. On average, research analysts forecast that ARC Document Solutions, Inc. will post 0.23 EPS for the current year.

ARC Document Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 5.92%. The ex-dividend date of this dividend is Thursday, October 31st. ARC Document Solutions’s dividend payout ratio is currently 100.00%.

ARC Document Solutions 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.