Mackenzie Financial Corp Grows Stock Holdings in ARC Document Solutions, Inc. (NYSE:ARC)

Mackenzie Financial Corp lifted its stake in ARC Document Solutions, Inc. (NYSE:ARC) by 15.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,496 shares of the business services provider’s stock after buying an additional 4,519 shares during the period. Mackenzie Financial Corp owned approximately 0.08% of ARC Document Solutions worth $91,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Ritholtz Wealth Management grew its stake in shares of ARC Document Solutions by 16.3% in the second quarter. Ritholtz Wealth Management now owns 55,586 shares of the business services provider’s stock worth $147,000 after purchasing an additional 7,805 shares during the last quarter. Heron Bay Capital Management boosted its position in shares of ARC Document Solutions by 29.6% in the 1st quarter. Heron Bay Capital Management now owns 60,601 shares of the business services provider’s stock worth $168,000 after purchasing an additional 13,837 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its position in shares of ARC Document Solutions by 80.7% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 72,752 shares of the business services provider’s stock worth $192,000 after purchasing an additional 32,487 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in 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 acquiring an additional 29,500 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in ARC Document Solutions by 8.2% in the 1st 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 last quarter. Hedge funds and other institutional investors own 48.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Singular Research upgraded shares of ARC Document Solutions to a “strong-buy” rating in a research note on Wednesday, August 21st. StockNews.com initiated coverage on shares of ARC Document Solutions in a research report on Wednesday. They set a “strong-buy” rating for the company.

ARC Document Solutions Trading Up 0.4 %

Shares of ARC Document Solutions stock opened at $3.40 on Wednesday. The company has a market capitalization of $146.59 million, a P/E ratio of 16.98, a P/E/G ratio of 1.20 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.54. The company has a fifty day moving average of $3.20 and a 200 day moving average of $2.92. ARC Document Solutions, Inc. has a fifty-two week low of $2.56 and a fifty-two week high of $3.41.

ARC Document Solutions (NYSE:ARC) last issued its earnings results on Wednesday, August 7th. The business services provider reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. ARC Document Solutions had a net margin of 2.76% and a return on equity of 7.29%. The company had revenue of $75.11 million during the quarter, compared to the consensus estimate of $72.60 million. On average, sell-side analysts anticipate that ARC Document Solutions, Inc. will post 0.23 earnings per share for the current fiscal year.

ARC Document Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 5.89%. The ex-dividend date is Thursday, October 31st. ARC Document Solutions’s dividend payout ratio (DPR) is presently 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.