ARC Document Solutions, Inc. (NYSE:ARC) Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. boosted its position in ARC Document Solutions, Inc. (NYSE:ARC) by 8.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 520,037 shares of the business services provider’s stock after buying an additional 39,800 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in ARC Document Solutions were worth $1,441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Eagle Investment Management LLC increased its position in ARC Document Solutions by 3.8% in the fourth quarter. First Eagle Investment Management LLC now owns 105,465 shares of the business services provider’s stock worth $346,000 after buying an additional 3,834 shares during the period. Stratos Wealth Advisors LLC acquired a new stake in shares of ARC Document Solutions during the fourth quarter worth $33,000. Mirador Capital Partners LP lifted its stake in ARC Document Solutions by 3.0% during 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. Assenagon Asset Management S.A. increased its position in shares of ARC Document Solutions by 50.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 36,958 shares of the business services provider’s stock worth $121,000 after acquiring an additional 12,319 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in ARC Document Solutions during the 4th quarter valued at $41,000. Institutional investors and hedge funds own 48.93% of the company’s stock.

ARC Document Solutions Stock Up 0.5 %

ARC Document Solutions stock traded up $0.02 during mid-day trading on Monday, hitting $3.09. The company’s stock had a trading volume of 68,846 shares, compared to its average volume of 126,893. ARC Document Solutions, Inc. has a 52-week low of $2.56 and a 52-week high of $3.68. The company has a market cap of $133.21 million, a PE ratio of 15.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.17. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.56 and a quick ratio of 1.42. The firm’s 50 day moving average is $2.79 and its 200 day moving average is $2.77.

ARC Document Solutions (NYSE:ARC) last posted its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. ARC Document Solutions had a net margin of 3.09% and a return on equity of 7.75%. The business had revenue of $70.79 million for the quarter, compared to analysts’ expectations of $69.70 million. On average, analysts anticipate that ARC Document Solutions, Inc. will post 0.24 earnings per share for the current year.

ARC Document Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, July 31st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 6.48%. The ex-dividend date is Wednesday, July 31st. ARC Document Solutions’s payout ratio is presently 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.