StockNews.com Begins Coverage on ARC Document Solutions (NYSE:ARC)

StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC) in a research report sent to investors on Friday morning. The brokerage issued a strong-buy rating on the business services provider’s stock.

ARC Document Solutions Price Performance

ARC stock opened at $3.39 on Friday. The firm has a 50-day moving average of $3.39 and a 200 day moving average of $3.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.37. The company has a market cap of $146.65 million, a P/E ratio of 30.82, a PEG ratio of 1.53 and a beta of 1.13. ARC Document Solutions has a 1 year low of $2.56 and a 1 year high of $3.44.

Institutional Investors Weigh In On ARC Document Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its holdings in shares of ARC Document Solutions by 1.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider’s stock valued at $7,545,000 after buying an additional 48,245 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in ARC Document Solutions by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,550,606 shares of the business services provider’s stock valued at $4,094,000 after acquiring an additional 83,795 shares during the period. Empowered Funds LLC boosted its stake in ARC Document Solutions by 5.4% during the third quarter. Empowered Funds LLC now owns 255,092 shares of the business services provider’s stock worth $862,000 after acquiring an additional 12,998 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in ARC Document Solutions by 62.0% in the second quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider’s stock worth $577,000 after purchasing an additional 83,708 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in shares of ARC Document Solutions during the third quarter valued at approximately $539,000. 48.93% of the stock is owned by hedge funds and other institutional investors.

ARC Document Solutions Company 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.