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

Schonfeld Strategic Advisors LLC bought a new position in shares of RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 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.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC bought a new position in shares of RCM Technologies in the 3rd quarter valued at about $180,000. JPMorgan Chase & Co. grew its holdings in shares of RCM Technologies by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider's stock valued at $234,000 after acquiring an additional 1,639 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. grew its holdings in shares of RCM Technologies by 60.5% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 20,881 shares of the business services provider's stock valued at $463,000 after acquiring an additional 7,869 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of RCM Technologies in the 4th quarter valued at about $840,000. Finally, Truvestments Capital LLC grew its holdings in shares of RCM Technologies by 31.2% in the 4th quarter. Truvestments Capital LLC now owns 46,125 shares of the business services provider's stock valued at $1,022,000 after acquiring an additional 10,977 shares in the last quarter. Institutional investors own 43.20% of the company's stock.

RCM Technologies Stock Performance

NASDAQ:RCMT traded up $0.31 during mid-day trading on Monday, hitting $23.15. The stock had a trading volume of 44,284 shares, compared to its average volume of 42,614. RCM Technologies, Inc. has a twelve month low of $13.18 and a twelve month high of $26.37. The stock has a market cap of $171.40 million, a price-to-earnings ratio of 11.87 and a beta of 0.15. The company's 50 day simple moving average is $17.17 and its 200 day simple moving average is $19.73. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.63 and a current ratio of 1.63.

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). The company had revenue of $84.47 million for the quarter, compared to analyst estimates of $76.04 million. RCM Technologies had a return on equity of 58.70% and a net margin of 5.77%.

Wall Street Analysts Forecast Growth

RCMT has been the subject of several analyst reports. Benchmark decreased their price objective on RCM Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a report on Friday, March 21st. StockNews.com upgraded shares of RCM Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 9th. Finally, B. Riley upgraded shares of RCM Technologies to a "strong-buy" rating in a research note on Tuesday, March 18th.

RCM Technologies Company Profile

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.