Thompson Davis & CO. Inc. Has $1.83 Million Holdings in ARC Document Solutions, Inc. (NYSE:ARC)

Thompson Davis & CO. Inc. grew its holdings in ARC Document Solutions, Inc. (NYSE:ARC) by 28.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 556,585 shares of the business services provider’s stock after acquiring an additional 123,900 shares during the period. ARC Document Solutions accounts for approximately 1.6% of Thompson Davis & CO. Inc.’s holdings, making the stock its 9th largest position. Thompson Davis & CO. Inc. owned about 1.30% of ARC Document Solutions worth $1,826,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ARC. Stratos Wealth Advisors LLC bought a new stake in ARC Document Solutions in the fourth quarter worth approximately $33,000. Redhawk Wealth Advisors Inc. acquired a new stake in shares of ARC Document Solutions in the fourth quarter worth $41,000. Jump Financial LLC acquired a new stake in shares of ARC Document Solutions in the third quarter worth $54,000. Barclays PLC acquired a new stake in shares of ARC Document Solutions in the third quarter worth $55,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of ARC Document Solutions in the third quarter worth $78,000. 48.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, TheStreet cut shares of ARC Document Solutions from a “b-” rating to a “c” rating in a research note on Thursday, February 29th.

ARC Document Solutions Stock Performance

Shares of ARC Document Solutions stock traded down $0.03 on Tuesday, reaching $2.64. The stock had a trading volume of 59,877 shares, compared to its average volume of 142,095. The business’s 50-day moving average price is $2.66 and its two-hundred day moving average price is $2.84. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.40 and a current ratio of 1.53. ARC Document Solutions, Inc. has a fifty-two week low of $2.56 and a fifty-two week high of $3.68. The stock has a market cap of $113.97 million, a P/E ratio of 14.67, a price-to-earnings-growth ratio of 0.88 and a beta of 1.22.

ARC Document Solutions (NYSE:ARC) last released its earnings results on Wednesday, February 28th. The business services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $68.88 million for the quarter, compared to analyst estimates of $68.30 million. ARC Document Solutions had a net margin of 2.93% and a return on equity of 7.49%. On average, sell-side analysts forecast that ARC Document Solutions, Inc. will post 0.26 EPS for the current year.

ARC Document Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Tuesday, April 30th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 7.58%. The ex-dividend date of this dividend is Monday, April 29th. ARC Document Solutions’s payout ratio is currently 111.11%.

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.