Jane Street Group LLC Invests $369,000 in RCM Technologies, Inc. (NASDAQ:RCMT)

Jane Street Group LLC acquired a new position in RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,637 shares of the business services provider's stock, valued at approximately $369,000. Jane Street Group LLC owned about 0.22% of RCM Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in RCMT. Barclays PLC increased its holdings in RCM Technologies by 17.1% in the 4th quarter. Barclays PLC now owns 10,405 shares of the business services provider's stock valued at $231,000 after purchasing an additional 1,517 shares during the last quarter. JPMorgan Chase & Co. raised 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 buying an additional 1,639 shares during the period. Klein Pavlis & Peasley Financial Inc. raised 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 buying an additional 7,869 shares during the period. Truvestments Capital LLC lifted 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, Schonfeld Strategic Advisors LLC purchased a new position in RCM Technologies during the 4th quarter valued at about $258,000. Hedge funds and other institutional investors own 43.20% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. B. Riley upgraded shares of RCM Technologies to a "strong-buy" rating in a research note on Tuesday, March 18th. Wall Street Zen upgraded shares of RCM Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 9th. Finally, Benchmark cut their target price on shares of 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 Stock Up 0.4%

NASDAQ:RCMT traded up $0.08 during midday trading on Wednesday, hitting $22.67. 34,315 shares of the company were exchanged, compared to its average volume of 41,274. RCM Technologies, Inc. has a fifty-two week low of $13.18 and a fifty-two week high of $26.37. The company has a market capitalization of $167.85 million, a PE ratio of 11.63 and a beta of 0.15. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.06. The company has a fifty day simple moving average of $18.90 and a 200 day simple moving average of $19.73.

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 firm 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.