Connective Capital Management LLC Buys Shares of 15,735 RCM Technologies, Inc. (NASDAQ:RCMT)

Connective Capital Management LLC bought a new position in shares of RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,735 shares of the business services provider's stock, valued at approximately $349,000. Connective Capital Management LLC owned 0.21% of RCM Technologies as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in RCM Technologies during the fourth quarter worth about $840,000. Pacific Ridge Capital Partners LLC acquired a new position in RCM Technologies during the fourth quarter worth about $2,668,000. JPMorgan Chase & Co. grew its holdings in RCM Technologies by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider's stock worth $234,000 after acquiring an additional 1,639 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in RCM Technologies in the 4th quarter worth about $258,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in RCM Technologies in the 4th quarter worth about $259,000. 43.20% of the stock is owned by institutional investors and hedge funds.

RCM Technologies Trading Up 1.3%

RCMT traded up $0.30 during trading on Friday, reaching $22.92. The company had a trading volume of 36,022 shares, compared to its average volume of 42,182. The firm's 50-day simple moving average is $17.72 and its 200 day simple moving average is $19.78. The company has a market cap of $169.70 million, a price-to-earnings ratio of 11.75 and a beta of 0.15. 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.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wall Street Zen raised RCM Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 9th. Benchmark dropped their price target on RCM Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Finally, B. Riley raised 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.