ARC Document Solutions, Inc. (NYSE:ARC) Director Buys $17,700.00 in Stock

ARC Document Solutions, Inc. (NYSE:ARC – Get Rating) Director Bradford L. Brooks bought 6,000 shares in a trade on Wednesday, August 10. The shares were purchased at an average price of $2.95 per share, for a total transaction of $17,700.00. Following the acquisition, the director now owns 10,000 shares of the company, valued at approximately $29,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, accessible via this link.

ARC document solutions grow 4.7%

NYSE ARC traded down $0.14 at midday on Friday, hitting $3.14. 163,330 shares were traded, against an average volume of 149,301. The stock has a market capitalization of $135.01 million, a PE ratio of 12.08 and a beta of 1.29. The company has a debt ratio of 0.39, a quick ratio of 1.34 and a current ratio of 1.47. ARC Document Solutions, Inc. has a 1 year minimum of $2.36 and a 1 year maximum of $4.18. The company’s fifty-day simple moving average is $2.72 and its 200-day simple moving average is $3.21.

ARC Document Solutions (NYSE:ARC – Get Rating) last released its quarterly earnings data on Wednesday, August 3. The business services provider reported earnings per share (EPS) of $0.08 for the quarter, beating the consensus estimate of $0.07 by $0.01. ARC Document Solutions achieved a return on equity of 7.21% and a net margin of 3.85%.

ARC Document Solutions Dividend Announcement

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 30. Shareholders of record on Monday, October 31 will receive a dividend of $0.05 per share. This represents a dividend of $0.20 on an annualized basis and a dividend yield of 6.37%. The ex-dividend date is Friday, October 28. ARC Document Solutions’ dividend payout ratio is currently 76.93%.

Institutional entries and exits

Several large investors have recently changed their holdings in ARC. Virtu Financial LLC acquired a new position in ARC Document Solutions in the first quarter worth $39,000. Corsair Capital Management LP bought a new stock position in ARC Document Solutions in Q4 for a value of approximately $70,000. Stokes Family Office LLC increased its stake in ARC Document Solutions shares by 21.6% in Q2. Stokes Family Office LLC now owns 31,173 shares of the business services provider valued at $82,000 after buying an additional 5,547 shares in the last quarter. Sei Investments Co. purchased a new stake in the shares of ARC Document Solutions during Q1 for a value of approximately $88,000. Finally, Assenagon Asset Management SA acquired a new stake in ARC Document Solutions during the 2nd quarter for a value of approximately $89,000. 47.62% of the shares are currently held by hedge funds and other institutional investors.

A Wall Street analyst gives his opinion

Separately, TheStreet upgraded ARC Document Solutions from a “c+” rating to a “b-” rating in a Wednesday, August 3 research report.

About ARC Document Solutions

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ARC Document Solutions, Inc, a digital printing company, provides digital printing and document-related services in the United States. It provides managed print services, which locates, manages and optimizes printing and imaging equipment in customers’ offices, job sites and other facilities; and cloud-based document management software and other digital hosting services.

Further reading

Insider buying and selling by quarter for ARC Document Solutions (NYSE:ARC)

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