Connor Clark & Lunn Investment Management Ltd. increased its position in shares of ARC Document Solutions Inc (NYSE:ARC) by 18.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 499,144 shares of the business services provider’s stock after purchasing an additional 78,106 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 1.09% of ARC Document Solutions worth $1,023,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Voit & Company LLC bought a new stake in ARC Document Solutions during the fourth quarter worth about $26,000. High Pointe Capital Management LLC bought a new stake in ARC Document Solutions during the fourth quarter worth about $28,000. GSA Capital Partners LLP lifted its position in ARC Document Solutions by 26.7% during the fourth quarter. GSA Capital Partners LLP now owns 35,633 shares of the business services provider’s stock worth $73,000 after purchasing an additional 7,500 shares during the period. Engineers Gate Manager LP bought a new stake in ARC Document Solutions during the third quarter worth about $120,000. Finally, O Shaughnessy Asset Management LLC lifted its position in ARC Document Solutions by 146.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 43,862 shares of the business services provider’s stock worth $125,000 after purchasing an additional 26,054 shares during the period. 60.18% of the stock is owned by institutional investors and hedge funds.
ARC opened at $2.23 on Friday. ARC Document Solutions Inc has a twelve month low of $1.62 and a twelve month high of $3.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.43 and a quick ratio of 1.22. The stock has a market cap of $103.18 million, a P/E ratio of 14.87 and a beta of 1.94.
Separately, ValuEngine raised shares of ARC Document Solutions from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd.
In other news, Chairman Kumarakulasingam Suriyakumar acquired 100,000 shares of the business’s stock in a transaction that occurred on Friday, December 21st. The stock was acquired at an average price of $1.87 per share, with a total value of $187,000.00. Following the completion of the transaction, the chairman now directly owns 695,772 shares of the company’s stock, valued at approximately $1,301,093.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 15.57% of the company’s stock.
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About ARC Document Solutions
ARC Document Solutions, Inc, a reprographics company, provides document solutions worldwide. It offers managed print services, an onsite service that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and operates 175 offsite service centers, which offers managed print service customers with the flexibility and overflow capacity during peak workloads.
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