Insider Selling: ARC Document Solutions Inc (ARC) Insider Sells $25,725.00 in Stock

ARC Document Solutions Inc (NYSE:ARC) insider Rahul K. Roy sold 10,500 shares of the firm’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $2.45, for a total transaction of $25,725.00. Following the completion of the sale, the insider now owns 137,753 shares of the company’s stock, valued at approximately $337,494.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of ARC Document Solutions Inc (NYSE ARC) opened at $2.28 on Monday. ARC Document Solutions Inc has a 12-month low of $2.08 and a 12-month high of $4.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.26 and a current ratio of 1.53. The stock has a market cap of $103.21, a P/E ratio of 15.20 and a beta of 2.30.

ARC Document Solutions (NYSE:ARC) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.02 earnings per share (EPS) for the quarter. ARC Document Solutions had a negative net margin of 5.45% and a positive return on equity of 4.45%. The company had revenue of $97.10 million during the quarter, compared to the consensus estimate of $95.32 million. During the same period last year, the firm earned $0.06 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. sell-side analysts anticipate that ARC Document Solutions Inc will post 0.12 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of ARC Document Solutions by 6.4% during the 4th quarter. BlackRock Inc. now owns 5,478,276 shares of the business services provider’s stock worth $13,969,000 after purchasing an additional 327,779 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of ARC Document Solutions by 5.8% during the 4th quarter. Renaissance Technologies LLC now owns 2,861,800 shares of the business services provider’s stock worth $7,298,000 after purchasing an additional 156,400 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its stake in shares of ARC Document Solutions by 3.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 740,911 shares of the business services provider’s stock worth $1,889,000 after purchasing an additional 22,930 shares in the last quarter. State Street Corp increased its stake in shares of ARC Document Solutions by 5.9% during the 2nd quarter. State Street Corp now owns 695,218 shares of the business services provider’s stock worth $2,892,000 after purchasing an additional 39,036 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of ARC Document Solutions by 13.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 690,467 shares of the business services provider’s stock worth $2,824,000 after purchasing an additional 81,961 shares in the last quarter. Institutional investors own 70.85% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of ARC Document Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, March 8th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $4.00.

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About ARC Document Solutions

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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