Boston Partners Sells 459,463 Shares of ARC Document Solutions Inc (ARC)

Boston Partners cut its position in shares of ARC Document Solutions Inc (NYSE:ARC) by 29.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,081,450 shares of the business services provider’s stock after selling 459,463 shares during the quarter. Boston Partners’ holdings in ARC Document Solutions were worth $2,758,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ARC. Ameriprise Financial Inc. grew its position in ARC Document Solutions by 25.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 672,723 shares of the business services provider’s stock worth $2,798,000 after acquiring an additional 138,065 shares during the last quarter. Strs Ohio grew its position in ARC Document Solutions by 69.0% during the 4th quarter. Strs Ohio now owns 237,000 shares of the business services provider’s stock worth $604,000 after acquiring an additional 96,800 shares during the last quarter. Algert Global LLC grew its position in ARC Document Solutions by 64.0% during the 4th quarter. Algert Global LLC now owns 214,512 shares of the business services provider’s stock worth $547,000 after acquiring an additional 83,690 shares during the last quarter. Russell Investments Group Ltd. grew its position in 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 acquiring an additional 81,961 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in ARC Document Solutions by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,202,841 shares of the business services provider’s stock worth $9,164,000 after acquiring an additional 80,216 shares during the last quarter. Institutional investors and hedge funds own 71.03% of the company’s stock.

In other ARC Document Solutions news, Director Mark W. Mealy sold 22,000 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $2.71, for a total value of $59,620.00. Following the completion of the sale, the director now owns 116,538 shares in the company, valued at approximately $315,817.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 14.93% of the company’s stock.

ARC Document Solutions Inc (NYSE:ARC) opened at $2.17 on Thursday. ARC Document Solutions Inc has a 1 year low of $2.10 and a 1 year high of $4.84. The company has a current ratio of 1.61, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $101.74, a P/E ratio of -15.50 and a beta of 2.28.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered ARC Document Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine lowered ARC Document Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. B. Riley restated a “buy” rating and set a $5.25 price target on shares of ARC Document Solutions in a research report on Monday, October 30th. TheStreet lowered ARC Document Solutions from a “c-” rating to a “d+” rating in a research report on Friday, November 17th. Finally, FBR & Co lowered ARC Document Solutions from a “buy” rating to a “neutral” rating and raised their price target for the stock from $4.00 to $5.25 in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $4.63.

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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.

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Institutional Ownership by Quarter for ARC Document Solutions (NYSE:ARC)

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