Ritholtz Wealth Management Trims Stake in ARC Document Solutions, Inc. (NYSE:ARC)

Ritholtz Wealth Management trimmed its stake in ARC Document Solutions, Inc. (NYSE:ARC) by 13.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,616 shares of the business services provider’s stock after selling 13,697 shares during the period. Ritholtz Wealth Management owned 0.20% of ARC Document Solutions worth $278,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ARC. BlackRock Inc. increased its stake in shares of ARC Document Solutions by 1.2% in the 1st quarter. BlackRock Inc. now owns 1,427,267 shares of the business services provider’s stock worth $5,566,000 after purchasing an additional 17,200 shares in the last quarter. LSV Asset Management increased its stake in shares of ARC Document Solutions by 64.7% in the 1st quarter. LSV Asset Management now owns 1,057,420 shares of the business services provider’s stock worth $4,124,000 after purchasing an additional 415,219 shares in the last quarter. Sei Investments Co. purchased a new stake in shares of ARC Document Solutions in the 1st quarter worth $88,000. NewEdge Advisors LLC increased its stake in shares of ARC Document Solutions by 10.5% in the 1st quarter. NewEdge Advisors LLC now owns 39,663 shares of the business services provider’s stock worth $155,000 after purchasing an additional 3,778 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of ARC Document Solutions by 182.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 136,698 shares of the business services provider’s stock worth $533,000 after purchasing an additional 88,217 shares in the last quarter. 48.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered ARC Document Solutions from a “b-” rating to a “c” rating in a research note on Thursday, February 29th.

ARC Document Solutions Trading Down 4.0 %

Shares of ARC stock opened at $2.66 on Tuesday. ARC Document Solutions, Inc. has a 52-week low of $2.56 and a 52-week high of $3.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.40 and a current ratio of 1.53. The firm has a market capitalization of $113.77 million, a PE ratio of 14.78, a PEG ratio of 0.89 and a beta of 1.22. The stock has a fifty day simple moving average of $2.76 and a two-hundred day simple moving average of $2.91.

ARC Document Solutions (NYSE:ARC) last issued its quarterly earnings results on Wednesday, February 28th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). ARC Document Solutions had a return on equity of 7.49% and a net margin of 2.93%. The business had revenue of $68.88 million during the quarter, compared to analysts’ expectations of $68.30 million. On average, analysts predict that ARC Document Solutions, Inc. will post 0.26 EPS for the current fiscal year.

ARC Document Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 7.52%. The ex-dividend date of this dividend is Monday, April 29th. ARC Document Solutions’s dividend payout ratio (DPR) is presently 111.11%.

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.