Dimensional Fund Advisors LP increased its position in shares of ARC Document Solutions Inc (NYSE:ARC) by 3.6% during the 4th quarter, HoldingsChannel reports. The firm owned 2,795,818 shares of the business services provider’s stock after buying an additional 96,021 shares during the quarter. Dimensional Fund Advisors LP owned 0.06% of ARC Document Solutions worth $5,731,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Renaissance Technologies LLC raised its holdings in ARC Document Solutions by 6.1% during the third quarter. Renaissance Technologies LLC now owns 3,531,670 shares of the business services provider’s stock worth $10,030,000 after purchasing an additional 203,289 shares in the last quarter. Credit Suisse AG raised its holdings in ARC Document Solutions by 86.1% during the third quarter. Credit Suisse AG now owns 590,076 shares of the business services provider’s stock worth $1,676,000 after purchasing an additional 272,936 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in ARC Document Solutions by 18.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 499,144 shares of the business services provider’s stock worth $1,023,000 after purchasing an additional 78,106 shares in the last quarter. Acadian Asset Management LLC raised its holdings in ARC Document Solutions by 70.4% during the fourth quarter. Acadian Asset Management LLC now owns 444,254 shares of the business services provider’s stock worth $911,000 after purchasing an additional 183,489 shares in the last quarter. Finally, Alambic Investment Management L.P. raised its holdings in ARC Document Solutions by 69.1% during the fourth quarter. Alambic Investment Management L.P. now owns 368,347 shares of the business services provider’s stock worth $755,000 after purchasing an additional 150,513 shares in the last quarter. 59.58% of the stock is currently owned by hedge funds and other institutional investors.
Separately, ValuEngine raised ARC Document Solutions from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd.
NYSE ARC opened at $2.37 on Friday. The firm has a market capitalization of $110.98 million, a price-to-earnings ratio of 12.47 and a beta of 1.93. ARC Document Solutions Inc has a 1 year low of $1.62 and a 1 year high of $3.59. The company has a current ratio of 1.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.71.
ARC Document Solutions (NYSE:ARC) last posted its quarterly earnings results on Tuesday, February 26th. The business services provider reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $98.41 million for the quarter. ARC Document Solutions had a return on equity of 5.95% and a net margin of 2.21%. As a group, analysts anticipate that ARC Document Solutions Inc will post 0.2 EPS for the current year.
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ARC Document Solutions Profile
ARC Document Solutions, Inc, a reprographics company, provides document solutions worldwide. It offers managed print services, an onsite service that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; construction document and information management services, which consists of professional services to manage and distribute documents and information primarily related to construction projects; and archive and information management services that combines software and professional services to facilitate the capture, management, access, and retrieval of documents and information that have been produced in the past.
Further Reading: 12b-1 Fees
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