Schonfeld Strategic Advisors LLC Takes $258,000 Position in RCM Technologies, Inc. (NASDAQ:RCMT)

Schonfeld Strategic Advisors LLC acquired a new stake in RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,625 shares of the business services provider's stock, valued at approximately $258,000. Schonfeld Strategic Advisors LLC owned approximately 0.15% of RCM Technologies at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of RCMT. Barclays PLC raised its stake in RCM Technologies by 17.1% during the 4th quarter. Barclays PLC now owns 10,405 shares of the business services provider's stock worth $231,000 after acquiring an additional 1,517 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in RCM Technologies during the 4th quarter worth $840,000. Pacific Ridge Capital Partners LLC acquired a new stake in RCM Technologies during the 4th quarter worth $2,668,000. Truvestments Capital LLC raised its stake in RCM Technologies by 31.2% during the 4th quarter. Truvestments Capital LLC now owns 46,125 shares of the business services provider's stock worth $1,022,000 after acquiring an additional 10,977 shares in the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. raised its stake in RCM Technologies by 60.5% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 20,881 shares of the business services provider's stock worth $463,000 after acquiring an additional 7,869 shares in the last quarter. 43.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RCMT. StockNews.com upgraded shares of RCM Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 9th. Benchmark lowered their price objective on shares of RCM Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, B. Riley raised shares of RCM Technologies to a "strong-buy" rating in a research report on Tuesday, March 18th.

RCM Technologies Stock Performance

RCM Technologies stock traded down $0.46 during midday trading on Friday, hitting $22.84. 26,932 shares of the company's stock were exchanged, compared to its average volume of 42,659. RCM Technologies, Inc. has a 12-month low of $13.18 and a 12-month high of $26.37. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market cap of $169.11 million, a price-to-earnings ratio of 11.71 and a beta of 0.15. The firm's 50 day simple moving average is $17.07 and its 200 day simple moving average is $19.76.

RCM Technologies (NASDAQ:RCMT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.04). RCM Technologies had a return on equity of 58.70% and a net margin of 5.77%. The business had revenue of $84.47 million for the quarter, compared to analysts' expectations of $76.04 million.

About RCM Technologies

RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Europe. It operates through three segments: Engineering, Specialty Health Care, and Life Sciences and Information Technology. The Engineering segment offers a range of engineering services, including project management engineering and design, engineering analysis, engineer-procure-construct, configuration management, hardware/software validation and verification, quality assurance, technical writing and publications, manufacturing process planning and improvement, and 3D/BIM integrated design.