Assenagon Asset Management S.A. Acquires 16,167 Shares of ARC Document Solutions, Inc. (NYSE:ARC)

Assenagon Asset Management S.A. lifted its holdings in ARC Document Solutions, Inc. (NYSE:ARC) by 43.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,125 shares of the business services provider’s stock after acquiring an additional 16,167 shares during the period. Assenagon Asset Management S.A. owned 0.12% of ARC Document Solutions worth $147,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Stratos Wealth Advisors LLC bought a new position in shares of ARC Document Solutions in the 4th quarter valued at about $33,000. Redhawk Wealth Advisors Inc. bought a new stake in ARC Document Solutions in the fourth quarter worth about $41,000. Jump Financial LLC purchased a new position in shares of ARC Document Solutions during the third quarter worth approximately $54,000. Barclays PLC purchased a new position in shares of ARC Document Solutions during the third quarter worth approximately $55,000. Finally, Victory Capital Management Inc. purchased a new position in ARC Document Solutions during the fourth quarter valued at approximately $82,000. Institutional investors own 48.93% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded 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 Down 1.4 %

ARC traded down $0.04 during trading on Thursday, hitting $2.73. The stock had a trading volume of 38,105 shares, compared to its average volume of 131,830. ARC Document Solutions, Inc. has a twelve month low of $2.56 and a twelve month high of $3.68. The stock has a 50 day simple moving average of $2.69 and a two-hundred day simple moving average of $2.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.42 and a current ratio of 1.56. The company has a market capitalization of $117.88 million, a PE ratio of 13.65, a PEG ratio of 0.95 and a beta of 1.21.

ARC Document Solutions (NYSE:ARC) last posted its earnings results on Wednesday, February 28th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). ARC Document Solutions had a net margin of 3.09% and a return on equity of 7.75%. The business had revenue of $68.88 million for the quarter, compared to analyst estimates of $68.30 million. On average, research analysts predict that ARC Document Solutions, Inc. will post 0.24 earnings per share for the current year.

ARC Document Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, July 31st will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, July 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.33%. ARC Document Solutions’s dividend payout ratio is currently 100.00%.

ARC Document Solutions Company Profile

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.