Pacific Ridge Capital Partners LLC Buys 36,608 Shares of RCM Technologies, Inc. (NASDAQ:RCMT)

Key Points

• Pacific Ridge Capital Partners LLC has increased its stake in RCM Technologies, Inc. by 30.4%, acquiring an additional 36,608 shares, bringing its total to 156,994 shares.
• RCM Technologies reported $0.54 earnings per share for the recent quarter, which was below the consensus estimate of $0.58, despite having higher revenues than expected.
• Analyst firm Wall Street Zen upgraded RCM Technologies from a "buy" rating to a "strong-buy" rating on May 9th.

Pacific Ridge Capital Partners LLC increased its stake in shares of RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) by 30.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 156,994 shares of the business services provider's stock after acquiring an additional 36,608 shares during the period. Pacific Ridge Capital Partners LLC owned about 2.12% of RCM Technologies worth $2,449,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Russell Investments Group Ltd. acquired a new stake in RCM Technologies during the fourth quarter worth approximately $840,000. Barclays PLC increased its stake in shares of 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. Schonfeld Strategic Advisors LLC bought a new position in shares of RCM Technologies in the 4th quarter valued at $258,000. Jane Street Group LLC bought a new position in shares of RCM Technologies in the 4th quarter valued at $369,000. Finally, 683 Capital Management LLC bought a new position in shares of RCM Technologies in the 4th quarter valued at $337,000. Institutional investors own 43.20% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded RCM Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 9th.

RCM Technologies Price Performance

Shares of RCMT traded up $0.13 during trading hours on Monday, reaching $23.62. The stock had a trading volume of 24,725 shares, compared to its average volume of 49,965. RCM Technologies, Inc. has a 12 month low of $13.18 and a 12 month high of $27.24. The stock has a market capitalization of $174.79 million, a PE ratio of 13.65 and a beta of 0.24. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.62 and a current ratio of 1.62. The company's 50-day moving average is $24.07 and its two-hundred day moving average is $20.34.

RCM Technologies (NASDAQ:RCMT - Get Free Report) last posted its earnings results on Wednesday, May 14th. The business services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). RCM Technologies had a return on equity of 42.85% and a net margin of 4.66%. The business had revenue of $84.47 million for the quarter, compared to analyst estimates of $76.04 million.

RCM Technologies 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.