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.
Read Our Latest Analysis on RCMT
RCM Technologies Company Profile
(
Free Report)
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.
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