Significant Wealth Partners LLC Purchases New Position in RCM Technologies, Inc. (NASDAQ:RCMT)

Significant Wealth Partners LLC acquired a new stake in RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,262 shares of the business services provider's stock, valued at approximately $160,000. Significant Wealth Partners LLC owned about 0.14% of RCM Technologies as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC increased its holdings in RCM Technologies by 17.1% during the fourth quarter. Barclays PLC now owns 10,405 shares of the business services provider's stock valued at $231,000 after buying an additional 1,517 shares during the period. Exchange Traded Concepts LLC purchased a new position in RCM Technologies during the first quarter valued at approximately $258,000. Schonfeld Strategic Advisors LLC purchased a new position in RCM Technologies during the fourth quarter valued at approximately $258,000. OMERS ADMINISTRATION Corp purchased a new position in RCM Technologies during the fourth quarter valued at approximately $259,000. Finally, 683 Capital Management LLC bought a new stake in RCM Technologies during the fourth quarter valued at about $337,000. Institutional investors own 43.20% of the company's stock.

RCM Technologies Stock Down 2.0%

NASDAQ RCMT traded down $0.49 during trading on Friday, hitting $24.55. The company's stock had a trading volume of 17,321 shares, compared to its average volume of 43,832. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market cap of $181.67 million, a PE ratio of 14.19 and a beta of 0.27. The business's 50 day simple moving average is $22.80 and its 200-day simple moving average is $19.92. RCM Technologies, Inc. has a fifty-two week low of $13.18 and a fifty-two week high of $27.24.

RCM Technologies (NASDAQ:RCMT - Get Free Report) last issued its quarterly 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). The business had revenue of $84.47 million during the quarter, compared to analyst estimates of $76.04 million. RCM Technologies had a return on equity of 42.85% and a net margin of 4.66%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RCMT. B. Riley raised RCM Technologies to a "strong-buy" rating in a research report on Tuesday, March 18th. Benchmark dropped their price objective on RCM Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, Wall Street Zen raised RCM Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 9th.

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.