Significant Wealth Partners LLC Purchases Shares of 10,262 RCM Technologies, Inc. (NASDAQ:RCMT)

Significant Wealth Partners LLC acquired a new position in RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) in the 1st quarter, according to its most recent filing with the Securities & 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 0.14% of RCM Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes 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. Two Sigma Investments LP grew its stake in shares of RCM Technologies by 10.0% in the fourth quarter. Two Sigma Investments LP now owns 58,228 shares of the business services provider's stock valued at $1,290,000 after buying an additional 5,304 shares in the last quarter. Truvestments Capital LLC raised its holdings 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 buying an additional 10,977 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in shares of RCM Technologies in the 4th quarter valued at $258,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in RCM Technologies during the 4th quarter worth about $259,000. Institutional investors and hedge funds own 43.20% of the company's stock.

RCM Technologies Stock Down 3.3%

Shares of RCMT stock traded down $0.85 during trading hours on Thursday, reaching $25.04. 36,571 shares of the stock were exchanged, compared to its average volume of 43,938. The business's fifty day moving average is $22.80 and its two-hundred day moving average is $19.92. The firm has a market capitalization of $185.30 million, a P/E ratio of 14.97 and a beta of 0.27. RCM Technologies, Inc. has a 12-month low of $13.18 and a 12-month high of $27.24. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.62 and a quick ratio of 1.62.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RCMT. B. Riley upgraded shares of RCM Technologies to a "strong-buy" rating in a research note on Tuesday, March 18th. 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. Finally, Wall Street Zen raised shares of RCM Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 9th.

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.