Redhawk Wealth Advisors Inc. Increases Stock Position in ARC Document Solutions, Inc. (NYSE:ARC)

Redhawk Wealth Advisors Inc. lifted its holdings in ARC Document Solutions, Inc. (NYSE:ARC) by 9.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,784 shares of the business services provider’s stock after buying an additional 7,032 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in ARC Document Solutions were worth $270,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mackenzie Financial Corp boosted its stake in ARC Document Solutions by 15.1% during the second quarter. Mackenzie Financial Corp now owns 34,496 shares of the business services provider’s stock worth $91,000 after acquiring an additional 4,519 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in shares of ARC Document Solutions by 16.3% during the second quarter. Ritholtz Wealth Management now owns 55,586 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 7,805 shares during the last quarter. Heron Bay Capital Management boosted its position in shares of ARC Document Solutions by 29.6% in the 1st quarter. Heron Bay Capital Management now owns 60,601 shares of the business services provider’s stock worth $168,000 after purchasing an additional 13,837 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of 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 worth $374,000 after buying an additional 29,500 shares during the last quarter. Finally, Empowered Funds LLC increased its position in 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 buying an additional 16,975 shares in the last quarter. 48.93% of the stock is currently owned by institutional investors.

ARC Document Solutions Stock Performance

NYSE:ARC opened at $3.39 on Tuesday. The stock has a market cap of $146.38 million, a price-to-earnings ratio of 16.95, a PEG ratio of 1.20 and a beta of 1.13. The company has a quick ratio of 1.41, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average price is $3.24 and its 200-day moving average price is $2.94. ARC Document Solutions, Inc. has a 52 week low of $2.56 and a 52 week high of $3.41.

ARC Document Solutions (NYSE:ARC) last issued its earnings results on Wednesday, August 7th. The business services provider reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. ARC Document Solutions had a return on equity of 7.29% and a net margin of 2.76%. The business had revenue of $75.11 million for the quarter, compared to the consensus estimate of $72.60 million. On average, equities research analysts forecast that ARC Document Solutions, Inc. will post 0.23 earnings per share for the current fiscal year.

ARC Document Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 31st will be issued a $0.05 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.20 annualized dividend and a yield of 5.90%. ARC Document Solutions’s payout ratio is 100.00%.

Analyst Upgrades and Downgrades

ARC has been the topic of a number of recent research reports. Singular Research raised ARC Document Solutions to a “strong-buy” rating in a research note on Wednesday, August 21st. StockNews.com assumed coverage on shares of ARC Document Solutions in a research note on Wednesday, October 9th. They issued a “strong-buy” rating on the stock.

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.