Connective Capital Management LLC Takes $349,000 Position in RCM Technologies, Inc. (NASDAQ:RCMT)

Connective Capital Management LLC purchased a new position in RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 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 filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Pacific Ridge Capital Partners LLC bought a new stake in RCM Technologies in the fourth quarter worth approximately $2,668,000. Ancora Advisors LLC acquired a new stake in shares of RCM Technologies during the 4th quarter worth approximately $2,161,000. Two Sigma Investments LP increased its stake in shares of RCM Technologies by 10.0% in the 4th quarter. Two Sigma Investments LP now owns 58,228 shares of the business services provider's stock valued at $1,290,000 after acquiring an additional 5,304 shares in the last quarter. Truvestments Capital LLC increased its stake 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. Finally, Russell Investments Group Ltd. acquired a new position in shares of RCM Technologies during the 4th quarter valued at $840,000. 43.20% of the stock is owned by institutional investors.

RCM Technologies Stock Up 1.3%

Shares of NASDAQ:RCMT traded up $0.30 during midday trading on Monday, hitting $22.92. 36,022 shares of the company's stock were exchanged, compared to its average volume of 42,164. RCM Technologies, Inc. has a 12 month low of $13.18 and a 12 month high of $26.37. The company has a market cap of $169.70 million, a PE ratio of 11.75 and a beta of 0.15. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a 50 day moving average price of $17.72 and a 200-day moving average price of $19.73.

RCM Technologies (NASDAQ:RCMT - Get Free Report) last announced its earnings results 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 net margin of 5.77% and a return on equity of 58.70%. The company had revenue of $84.47 million for the quarter, compared to analysts' expectations of $76.04 million.

Analyst Upgrades and Downgrades

RCMT has been the subject of several research analyst reports. B. Riley raised shares of RCM Technologies to a "strong-buy" rating in a research note on Tuesday, March 18th. Wall Street Zen raised RCM Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 9th. Finally, 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.

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.