ARC Document Solutions Inc (ARC) Director Sells $59,620.00 in Stock

ARC Document Solutions Inc (NYSE:ARC) Director Mark W. Mealy sold 22,000 shares of ARC Document Solutions stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $2.71, for a total transaction of $59,620.00. Following the sale, the director now owns 116,538 shares in the company, valued at $315,817.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

ARC Document Solutions Inc (ARC) opened at $2.65 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.61. ARC Document Solutions Inc has a 12 month low of $2.30 and a 12 month high of $5.55. The firm has a market capitalization of $123.11, a PE ratio of -17.67 and a beta of 2.29.

ARC Document Solutions (NYSE:ARC) last announced its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The firm had revenue of $96.50 million during the quarter, compared to the consensus estimate of $98.24 million. ARC Document Solutions had a negative net margin of 1.70% and a positive return on equity of 5.35%. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS. equities research analysts forecast that ARC Document Solutions Inc will post 0.13 earnings per share for the current year.

Several brokerages have commented on ARC. ValuEngine cut shares of ARC Document Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. B. Riley reissued a “buy” rating and issued a $5.25 price target on shares of ARC Document Solutions in a research note on Monday, October 30th. Zacks Investment Research cut ARC Document Solutions from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. TheStreet cut ARC Document Solutions from a “c-” rating to a “d+” rating in a research note on Friday, November 17th. Finally, FBR & Co cut ARC Document Solutions from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $4.00 to $5.25 in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $4.63.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in shares of ARC Document Solutions by 7.2% during the second quarter. JPMorgan Chase & Co. now owns 1,595,988 shares of the business services provider’s stock worth $6,639,000 after buying an additional 107,235 shares during the last quarter. Boston Partners lifted its holdings in shares of ARC Document Solutions by 6.3% during the third quarter. Boston Partners now owns 1,540,913 shares of the business services provider’s stock worth $6,302,000 after buying an additional 91,010 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of ARC Document Solutions by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,202,841 shares of the business services provider’s stock worth $9,164,000 after buying an additional 80,216 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of ARC Document Solutions by 25.8% during the second quarter. Ameriprise Financial Inc. now owns 672,723 shares of the business services provider’s stock worth $2,798,000 after buying an additional 138,065 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its holdings in shares of ARC Document Solutions by 35.6% during the second quarter. Punch & Associates Investment Management Inc. now owns 1,744,414 shares of the business services provider’s stock worth $7,257,000 after buying an additional 458,020 shares during the last quarter. 70.52% of the stock is owned by institutional investors and hedge funds.

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ARC Document Solutions Company Profile

ARC Document Solutions, Inc (ARC) is a document solutions provider for the architectural, engineering and construction (AEC) industry. The Company also provides document solutions to businesses of various types. ARC’s offerings include managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, Web-based document management applications, digital shipping/managed file transfer, and equipment and supplies sales.

Insider Buying and Selling by Quarter for ARC Document Solutions (NYSE:ARC)

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