Ritholtz Wealth Management holds $238,000 of stock in ARC Document Solutions, Inc. (NYSE:ARC)

Ritholtz Wealth Management increased its holdings in ARC Document Solutions, Inc. (NYSE: ARC – Get Rating) by 26.5% in the first quarter, HoldingsChannel reports. The institutional investor held 61,024 shares of the business services provider after acquiring an additional 12,801 shares during the period. Ritholtz Wealth Management’s holdings in ARC Document Solutions were worth $238,000 at the end of the most recent reporting period.

Several other hedge funds also changed their positions in ARC. Acadian Asset Management LLC increased its position in ARC Document Solutions shares by 7.6% during the 4th quarter. Acadian Asset Management LLC now owns 1,130,157 shares of the business services provider worth $3,954,000 after purchasing an additional 79,499 shares last quarter. Victory Capital Management Inc. increased its position in ARC Document Solutions shares by 10.0% during the fourth quarter. Victory Capital Management Inc. now owns 799,570 shares of the business services provider worth $2,798,000 after purchasing an additional 72,436 shares in the last quarter. AMH Equity Ltd acquired a new stake in the shares of ARC Document Solutions during the 4th quarter for a value of approximately $2,450,000. LSV Asset Management increased its position in ARC Document Solutions shares by 11.8% during the 4th quarter. LSV Asset Management now owns 642,201 shares of the business services provider worth $2,248,000 after buying an additional 67,804 shares last quarter. Finally, Hillsdale Investment Management Inc. increased its position in ARC Document Solutions shares by 86.7% during the 4th quarter. Hillsdale Investment Management Inc. now owns 33,800 shares of the business services provider worth $118,000 after buying an additional 15,700 shares last quarter. Institutional investors hold 47.62% of the company’s shares.

NYSE:ARC shares opened at $2.64 on Thursday. ARC Document Solutions, Inc. has a 12-month low of $1.96 and a 12-month high of $4.18. The company’s 50-day moving average price is $3.11 and its two-hundred-day moving average price is $3.39. The company has a quick ratio of 1.40, a current ratio of 1.53 and a leverage ratio of 0.39. The company has a market capitalization of $114.25 million, a P/E ratio of 11.00 and a beta of 1.28.

ARC Document Solutions (NYSE:ARC – Get Rating) last released its quarterly earnings data on Wednesday, May 4. The business services provider reported EPS of $0.05 for the quarter. ARC Document Solutions achieved a net margin of 3.69% and a return on equity of 6.53%. The company had revenue of $69.49 million for the quarter.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 31. Shareholders of record on Friday, July 29 will receive a dividend of $0.05 per share. This represents a dividend of $0.20 on an annualized basis and a yield of 7.58%. The ex-date of this dividend is Thursday, July 28. ARC Document Solutions’ dividend payout ratio is currently 83.33%.

Separately, StockNews.com picked up coverage of ARC Document Solutions stocks in a Thursday, March 31 research report. They established a “Strong Buy” rating for the company.

About ARC Document Solutions (Get an assessment)

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.

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