Insider Selling: RCM Technologies (NASDAQ:RCMT) Chairman Sells 4,508 Shares of Stock

Key Points

• Bradley Vizi, Chairman of RCM Technologies, sold 4,508 shares of the company's stock at an average price of $27.50, resulting in a total transaction value of approximately $123,970.
• RCM Technologies' stock price experienced a decline of 2.5%, trading at $26.77, with a market cap of $198.37 million.
• Wall Street analysts have downgraded RCM Technologies from a "strong-buy" rating to a "buy" rating, with a consensus target price of $33.50.

RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) Chairman Bradley Vizi sold 4,508 shares of the business's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $27.50, for a total value of $123,970.00. Following the transaction, the chairman directly owned 1,526,770 shares in the company, valued at $41,986,175. This trade represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Bradley Vizi also recently made the following trade(s):

• On Tuesday, September 9th, Bradley Vizi sold 4 shares of RCM Technologies stock. The shares were sold at an average price of $27.50, for a total value of $110.00.
• On Monday, September 8th, Bradley Vizi sold 3,961 shares of RCM Technologies stock. The shares were sold at an average price of $27.51, for a total value of $108,967.11.
• On Friday, August 29th, Bradley Vizi sold 673 shares of RCM Technologies stock. The stock was sold at an average price of $27.50, for a total value of $18,507.50.
• On Tuesday, August 26th, Bradley Vizi sold 7,289 shares of RCM Technologies stock. The stock was sold at an average price of $27.51, for a total value of $200,520.39.

RCM Technologies Stock Down 2.5%

RCMT stock traded down $0.68 during midday trading on Tuesday, hitting $26.77. The stock had a trading volume of 18,921 shares, compared to its average volume of 56,800. The firm has a market cap of $198.37 million, a price-to-earnings ratio of 15.21 and a beta of 0.27. The business has a 50-day moving average of $25.35 and a two-hundred day moving average of $21.36. RCM Technologies, Inc. has a 52-week low of $13.18 and a 52-week high of $28.27. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.85 and a quick ratio of 1.85.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut RCM Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, RCM Technologies currently has an average rating of "Strong Buy" and a consensus target price of $33.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RCMT. Punch & Associates Investment Management Inc. bought a new position in shares of RCM Technologies during the first quarter valued at $1,170,000. Ancora Advisors LLC increased its position in RCM Technologies by 72.4% during the first quarter. Ancora Advisors LLC now owns 168,125 shares of the business services provider's stock valued at $2,623,000 after acquiring an additional 70,628 shares during the last quarter. Geode Capital Management LLC increased its position in RCM Technologies by 78.9% during the second quarter. Geode Capital Management LLC now owns 120,382 shares of the business services provider's stock valued at $2,838,000 after acquiring an additional 53,094 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in RCM Technologies during the second quarter valued at $1,225,000. Finally, Pacific Ridge Capital Partners LLC increased its position in RCM Technologies by 30.4% during the first quarter. Pacific Ridge Capital Partners LLC now owns 156,994 shares of the business services provider's stock valued at $2,449,000 after acquiring an additional 36,608 shares during the last quarter. 43.20% of the stock is owned by institutional investors.

About RCM Technologies

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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