RCM Technologies (NASDAQ:RCMT) Chairman Bradley Vizi Sells 2,620 Shares

Key Points

• RCM Technologies Chairman Bradley Vizi sold 2,620 shares at an average price of $27.50, totaling $72,050, reducing his ownership by 0.17% to 1,516,416 shares.
• Multiple recent transactions by Vizi indicate a consistent pattern of selling shares, with notable sales totaling over $400,000 within the week of September 8th to 19th.
• Wall Street analysts have downgraded RCM Technologies from a "strong buy" to a "buy" rating, while maintaining an average target price of $33.50.

RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) Chairman Bradley Vizi sold 2,620 shares of RCM Technologies stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $27.50, for a total value of $72,050.00. Following the transaction, the chairman directly owned 1,516,416 shares in the company, valued at approximately $41,701,440. The trade was a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Bradley Vizi also recently made the following trade(s):

• On Friday, September 19th, Bradley Vizi sold 3,825 shares of RCM Technologies stock. The stock was sold at an average price of $27.50, for a total transaction of $105,187.50.
• On Wednesday, September 17th, Bradley Vizi sold 2,811 shares of RCM Technologies stock. The stock was sold at an average price of $27.51, for a total transaction of $77,330.61.
• On Friday, September 12th, Bradley Vizi sold 658 shares of RCM Technologies stock. The stock was sold at an average price of $27.53, for a total transaction of $18,114.74.
• On Wednesday, September 10th, Bradley Vizi sold 300 shares of RCM Technologies stock. The shares were sold at an average price of $27.50, for a total transaction of $8,250.00.
• On Tuesday, September 9th, Bradley Vizi sold 4 shares of RCM Technologies stock. The stock was sold at an average price of $27.50, for a total transaction of $110.00.
• On Monday, September 8th, Bradley Vizi sold 3,961 shares of RCM Technologies stock. The stock was sold at an average price of $27.51, for a total value of $108,967.11.
• On Friday, September 5th, Bradley Vizi sold 4,508 shares of RCM Technologies stock. The shares were sold at an average price of $27.50, for a total value of $123,970.00.
• On Friday, August 29th, Bradley Vizi sold 673 shares of RCM Technologies stock. The shares were sold at an average price of $27.50, for a total value of $18,507.50.
• On Tuesday, August 26th, Bradley Vizi sold 7,289 shares of RCM Technologies stock. The stock was sold at an average price of $27.51, for a total value of $200,520.39.

RCM Technologies Price Performance

NASDAQ RCMT traded down $0.13 during trading hours on Monday, reaching $27.27. The company's stock had a trading volume of 36,332 shares, compared to its average volume of 46,969. RCM Technologies, Inc. has a 1 year low of $13.18 and a 1 year high of $28.27. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $202.07 million, a price-to-earnings ratio of 15.49 and a beta of 0.27. The firm's 50-day moving average price is $25.57 and its 200-day moving average price is $21.90.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of RCM Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, RCM Technologies presently has a consensus rating of "Strong Buy" and a consensus target price of $33.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its position in RCM Technologies by 44.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider's stock valued at $45,000 after acquiring an additional 579 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of RCM Technologies by 4.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,518 shares of the business services provider's stock valued at $413,000 after purchasing an additional 676 shares during the period. Boston Partners grew its holdings in shares of RCM Technologies by 4.2% in the first quarter. Boston Partners now owns 25,521 shares of the business services provider's stock worth $398,000 after purchasing an additional 1,023 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in RCM Technologies in the 2nd quarter worth about $29,000. Finally, Ballast Asset Management LP lifted its holdings in RCM Technologies by 1.0% during the 2nd quarter. Ballast Asset Management LP now owns 138,511 shares of the business services provider's stock valued at $3,265,000 after buying an additional 1,346 shares in the last quarter. Hedge funds and other institutional investors own 43.20% of the company's stock.

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.