Significant Wealth Partners LLC Makes New $160,000 Investment in RCM Technologies, Inc. (NASDAQ:RCMT)

Significant Wealth Partners LLC bought a new position in shares of RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 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 institutional investors and hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC bought a new position in RCM Technologies in the first quarter valued at approximately $258,000. Mackenzie Financial Corp bought a new position in shares of RCM Technologies in the 4th quarter worth $374,000. Connective Capital Management LLC bought a new position in shares of RCM Technologies in the 4th quarter worth $349,000. Two Sigma Investments LP grew its stake in shares of RCM Technologies by 10.0% during the fourth quarter. Two Sigma Investments LP now owns 58,228 shares of the business services provider's stock worth $1,290,000 after purchasing an additional 5,304 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new stake in RCM Technologies in the fourth quarter valued at about $259,000. Institutional investors own 43.20% of the company's stock.

RCM Technologies Trading Down 1.8%

RCM Technologies stock traded down $0.44 during mid-day trading on Friday, hitting $24.60. 30,362 shares of the company's stock were exchanged, compared to its average volume of 43,981. The company's 50 day simple moving average is $22.94 and its 200-day simple moving average is $19.90. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $182.04 million, a P/E ratio of 14.22 and a beta of 0.27. 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 announced its quarterly earnings results 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 42.85% and a net margin of 4.66%. The business had revenue of $84.47 million during the quarter, compared to the consensus estimate of $76.04 million.

Wall Street Analyst Weigh In

RCMT has been the topic of a number of recent analyst reports. B. Riley upgraded RCM Technologies to a "strong-buy" rating in a report on Tuesday, March 18th. Benchmark reduced their price objective 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 upgraded shares of RCM Technologies from a "buy" rating to a "strong-buy" rating in a 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.