ARC Document Solutions, Inc. (NYSE:ARC) Short Interest Down 60.0% in January

ARC Document Solutions, Inc. (NYSE: ARC) benefited from a significant drop in short interest in January. As of January 31, there was short interest totaling 252,400 shares, a decrease of 60.0% from the total of 630,500 shares as of January 15. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 185,500 shares, the short interest ratio is currently 1.4 days.

In other ARC Document Solutions news, CTO Rahul K. Roy sold 54,456 shares of the company in a trade dated Thursday, Dec. 2. The stock was sold at an average price of $2.70, for a total transaction of $147,031.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Additionally, CEO Kumarakulasingam Suriyakumar acquired 35,091 shares of ARC Document Solutions in a transaction on Monday, December 13. The shares were purchased at an average price of $3.24 per share, for a total transaction of $113,694.84. Disclosure of this purchase can be found here. Over the past three months, insiders have acquired 153,350 shares of the company valued at $462,609. 16.84% of the shares are held by insiders of the company.

A number of institutional investors have recently changed their positions in the stock. Ritholtz Wealth Management increased its stake in ARC Document Solutions by 11.4% in the third quarter. Ritholtz Wealth Management now owns 43,351 shares of the business services provider valued at $128,000 after buying an additional 4,425 shares in the last quarter. UBS Group AG acquired a new stake in ARC Document Solutions in the third quarter, valued at approximately $26,000. Geode Capital Management LLC increased its stake in ARC Document Solutions by 5.7% in the second quarter. Geode Capital Management LLC now owns 263,472 shares of the business services provider valued at $566,000 after purchasing an additional 14,185 shares in the last quarter. Goldman Sachs Group Inc. bought a new stock position in ARC Document Solutions during the third quarter, valued at approximately $42,000. Finally, Hillsdale Investment Management Inc. increased its holdings of ARC Document Solutions shares by 86.7% during the fourth quarter. Hillsdale Investment Management Inc. now owns 33,800 shares of the business services provider valued at $118,000 after buying an additional 15,700 shares in the last quarter. 46.64% of the shares are held by hedge funds and other institutional investors.

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Separately, National Bank Financial raised its price target on ARC Document Solutions from CA$18.50 to CA$20.00 in a Thursday, January 6, research note.

ARC Document Solutions stock traded down $0.03 at midday Friday, hitting $3.15. The stock recorded trading volume of 89,191 shares, compared to an average trading volume of 174,363 shares. The company has a current ratio of 1.46, a quick ratio of 1.34 and a debt ratio of 0.42. The stock has a market capitalization of $135.84 million, a P/E ratio of 17.50 and a beta of 1.33. ARC Document Solutions has a 12-month low of $1.87 and a 12-month high of $3.94. The company has a 50-day moving average price of $3.38 and a 200-day moving average price of $3.00.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 31. Investors of record on Friday, April 29 will receive a dividend of $0.05. This represents an annualized dividend of $0.20 and a yield of 6.35%. The ex-dividend date is Thursday, April 28. ARC Document Solutions’ dividend payout ratio is currently 111.12%.

About ARC Document Solutions

ARC Document Solutions, Inc provides document solutions for design, engineering, construction, and facility management professionals. It offers managed print services (MPS), offsite services, records and information management (AIM), specialty color printing, web-based document management applications and equipment sales. and supplies.

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