Heron Bay Capital Management Acquires 32,870 Shares of ARC Document Solutions, Inc. (NYSE:ARC)

Heron Bay Capital Management boosted its holdings in ARC Document Solutions, Inc. (NYSE:ARC) by 54.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 93,471 shares of the business services provider’s stock after buying an additional 32,870 shares during the quarter. Heron Bay Capital Management owned 0.22% of ARC Document Solutions worth $247,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Victory Capital Management Inc. purchased a new position in shares of ARC Document Solutions during the fourth quarter valued at approximately $82,000. Ritholtz Wealth Management lifted its holdings in shares of ARC Document Solutions by 16.3% during the 2nd quarter. Ritholtz Wealth Management now owns 55,586 shares of the business services provider’s stock valued at $147,000 after buying an additional 7,805 shares during the period. Redhawk Wealth Advisors Inc. lifted its holdings 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 valued at $192,000 after buying an additional 32,487 shares during the period. First Eagle Investment Management LLC boosted its stake 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 buying an additional 29,500 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings 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 worth $622,000 after acquiring an additional 16,975 shares during the period. Institutional investors own 48.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on ARC shares. StockNews.com assumed coverage on ARC Document Solutions in a report on Sunday, September 15th. They issued a “strong-buy” rating on the stock. Singular Research upgraded shares of ARC Document Solutions to a “strong-buy” rating in a research note on Wednesday, August 21st.

ARC Document Solutions Trading Up 0.3 %

Shares of ARC stock opened at $3.38 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 1.41. The company 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, Inc. has a 1 year low of $2.56 and a 1 year high of $3.41. The firm has a fifty day moving average price of $3.14 and a 200-day moving average price of $2.86.

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

ARC Document Solutions Announces Dividend

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

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.