Bridgeway Capital Management LLC has recently announced that it has increased stake in ARC Document Solutions Inc. (NYSE:ARC) by 0.93%. After grabbing 1.18 million shares, the institutional investor is now in possession of 10900.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 2.75% having worth around $3.46 million. Moreover, AMH Equity Ltd. increased its share by 0.3 million to have a control over 1.0 million shares. And Dimensional Fund Advisors LP raised its holdings to 0.15 million shares by acquiring 0.8 million shares or 1.85% of the stake.
ARC Document Solutions Inc. (ARC) concluded trading on 01/19/23 at a closing price of $3.32, with 0.2 million shares of worth about $0.68 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.28% during that period and on Thursday the price saw a loss of about -4.60%. Currently the company’s common shares owned by public are about 42.28M shares, out of which, 36.34M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the ARC stock and their offered price forecasts bring an average price target of $4.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.50 and could fall to a lowest price of $4.50. The stock’s current price level is 26.22% above of average price target set by the analysts, while a rise to estimated low would result in gain of 26.22% for the stock. However, touching the estimated high of $4.50 would mean a gain of 26.22% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 21 times over the past 12 months. They bought 170,121 shares in 11 of the transactions. In 10 selling transactions, insiders dumped 437,018 shares.
Vanguard Total Stock Market Index, Northern Lights Fund Trust II – N, and Adara Smaller Companies Fund are the top 3 mutual funds which are holding stakes in ARC Document Solutions Inc. Vanguard Total Stock Market Index is currently holding 1.04 million shares of worth totaling $3.05 million. The company recently came buying 30500.0 shares which brought its stake up to 2.42% of the company’s outstanding shares. Adara Smaller Companies Fund, after buying 0.6 million shares, have now control over 1.39% of the stake in the company. It holds 5290.0 shares of worth $1.75 million.
ARC Document Solutions Inc. (NYSE: ARC) started trading at $3.45, below -$0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 3.4500, or with a loss of -4.60%. Stock saw a price change of -5.68% in past 5 days and over the past one month there was a price change of 18.15%. Year-to-date (YTD), ARC shares are showing a performance of 13.31% which decreased to -7.00% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.11 but also hit the highest price of $4.18 during that period. The average intraday trading volume for ARC Document Solutions Inc. shares is 115.97K. The stock is currently trading 8.59% above its 20-day simple moving average (SMA20), while that difference is up 13.22% for SMA50 and it goes to 13.90% higher than SMA200.
Bridgeway Capital Management LLC acquired 1.18 million shares of ARC Document Solutions Inc. having value of about $3.46 million. Data submitted at the U.S SEC by Bridgeway Capital Management LLC revealed that the firm now holds 10900.0 shares in the company valued at close to $36188.0, or have control over 0.93% stake in the company. ARC Document Solutions Inc. (NYSE: ARC) currently have 42.28M outstanding shares and institutions hold larger chunk of about 50.80% of that. Holding of mutual funds in the company is about 29.13% while other institutional holders and individual stake holders have control over 34.32% and 15.05% of the stake respectively.
The stock has a current market capitalization of $144.85M and its 3Y-monthly beta is at 1.41. PE ratio of stock for trailing 12 months is 12.39, while it has posted earnings per share of $0.27 in the same period. It has Quick Ratio of 1.40 while making debt-to-equity ratio of 0.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ARC, volatility over the week remained 4.26% while standing at 4.07% over the month.
Analysts are in expectations that ARC Document Solutions Inc. (ARC) stock would likely to be making an EPS of $0.07 in the current quarter, while forecast for next quarter EPS is $0 and it is $0.28 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.07 which is $0.07 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 48.70% while it is estimated to increase by 3.70% in next year.
Analysts at 1 brokerage firms have issued recommendations for the ARC Document Solutions Inc. (ARC)’s stock out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley FBR on November 08, 2018 offering a Buy rating for the stock and assigned a target price range of between $3.25 and $3.50 to it. Coverage by B. Riley FBR Inc. stated ARC Document Solutions Inc. (ARC) stock as a Neutral in their note to investors on November 02, 2017, suggesting a price target of $4 for the stock. On October 20, 2015, Sidoti Initiated their recommendations, while on March 25, 2011, Robert W. Baird Upgrade their ratings for the stock with a price target of $12.