ARC Document Solutions, Inc. (NYSE:ARC) Short Interest Down 76.4% in July

ARC Document Solutions, Inc. (NYSE:ARC) saw a large drop in short interest in July. As of July 15th, there was short interest totalling 28,300 shares, a drop of 76.4% from the June 30th total of 119,900 shares. Based on an average trading volume of 105,400 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

ARC Document Solutions Stock Up 0.3 %

ARC stock traded up $0.01 during mid-day trading on Friday, reaching $3.10. The company had a trading volume of 75,061 shares, compared to its average volume of 142,270. The company has a market capitalization of $133.85 million, a price-to-earnings ratio of 15.50, a PEG ratio of 1.07 and a beta of 1.17. ARC Document Solutions has a 52 week low of $2.56 and a 52 week high of $3.68. The stock has a 50 day simple moving average of $2.81 and a two-hundred day simple moving average of $2.78. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.56 and a quick ratio of 1.42.

ARC Document Solutions (NYSE:ARC) last issued its earnings results on Tuesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $70.79 million for the quarter, compared to the consensus estimate of $69.70 million. ARC Document Solutions had a net margin of 3.09% and a return on equity of 7.75%. As a group, equities analysts predict that ARC Document Solutions will post 0.24 earnings per share for the current fiscal year.

ARC Document Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, July 31st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.20 dividend on an annualized basis and a yield of 6.45%. ARC Document Solutions’s dividend payout ratio (DPR) is currently 100.00%.

Institutional Investors Weigh In On ARC Document Solutions

Several hedge funds have recently bought and sold shares of ARC. Redhawk Wealth Advisors Inc. boosted its holdings in 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 valued at $192,000 after purchasing an additional 32,487 shares during the period. Heron Bay Capital Management increased its stake in ARC Document Solutions by 29.6% during the 1st quarter. Heron Bay Capital Management now owns 60,601 shares of the business services provider’s stock worth $168,000 after acquiring an additional 13,837 shares during the period. Hillsdale Investment Management Inc. raised its holdings in ARC Document Solutions by 8.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 520,037 shares of the business services provider’s stock valued at $1,441,000 after acquiring an additional 39,800 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 valued at $374,000 after acquiring an additional 29,500 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of ARC Document Solutions by 8.2% during the 1st quarter. Empowered Funds LLC now owns 224,634 shares of the business services provider’s stock valued at $622,000 after acquiring an additional 16,975 shares during the period. 48.93% of the stock is currently owned by institutional investors and hedge funds.

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.