Insider Selling: RCM Technologies (NASDAQ:RCMT) Chairman Sells 3,825 Shares of Stock

Key Points

• RCM Technologies Chairman Bradley Vizi sold 3,825 shares for $105,187.50 on September 19, reducing his ownership to 1,512,591 shares, valued at approximately $41.6 million.
• RCMT shares have experienced a 0.3% decline recently, trading at $27.40, with a market capitalization of about $203.03 million.
• Wall Street analysts have lowered RCM Technologies' rating from "strong-buy" to "buy," while the consensus target price remains at $33.50.

RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) Chairman Bradley Vizi sold 3,825 shares of the business's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $27.50, for a total value of $105,187.50. Following the completion of the sale, the chairman owned 1,512,591 shares of the company's stock, valued at approximately $41,596,252.50. This trade represents a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, September 18th, Bradley Vizi sold 2,620 shares of RCM Technologies stock. The shares were sold at an average price of $27.50, for a total value of $72,050.00.
• On Wednesday, September 17th, Bradley Vizi sold 2,811 shares of RCM Technologies stock. The shares were sold at an average price of $27.51, for a total transaction of $77,330.61.
• On Friday, September 12th, Bradley Vizi sold 658 shares of RCM Technologies stock. The stock was sold at an average price of $27.53, for a total transaction of $18,114.74.
• On Wednesday, September 10th, Bradley Vizi sold 300 shares of RCM Technologies stock. The shares were sold at an average price of $27.50, for a total transaction of $8,250.00.
• On Tuesday, September 9th, Bradley Vizi sold 4 shares of RCM Technologies stock. The stock was sold at an average price of $27.50, for a total transaction 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 transaction of $108,967.11.
• On Friday, September 5th, Bradley Vizi sold 4,508 shares of RCM Technologies stock. The shares were sold at an average price of $27.50, for a total value of $123,970.00.
• 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 shares were sold at an average price of $27.51, for a total value of $200,520.39.

RCM Technologies Stock Performance

NASDAQ RCMT traded down $0.13 during trading on Monday, hitting $27.27. The company's stock had a trading volume of 36,332 shares, compared to its average volume of 46,969. RCM Technologies, Inc. has a 52 week low of $13.18 and a 52 week high of $28.27. The firm has a 50 day moving average price of $25.57 and a 200 day moving average price of $21.90. The firm has a market cap of $202.07 million, a P/E ratio of 15.49 and a beta of 0.27. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.92.

Analysts Set New Price Targets

Separately, Wall Street Zen cut RCM Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. Based on data from MarketBeat, RCM Technologies presently has an average rating of "Strong Buy" and an average price target of $33.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RCMT. Lazard Asset Management LLC bought a new position in RCM Technologies in the second quarter valued at about $77,000. BNP Paribas Financial Markets lifted its position in RCM Technologies by 44.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider's stock valued at $45,000 after purchasing an additional 579 shares during the period. Raymond James Financial Inc. bought a new position in shares of RCM Technologies in the 2nd quarter valued at about $107,000. Ballast Asset Management LP grew its position in shares of RCM Technologies by 1.0% during the 2nd quarter. Ballast Asset Management LP now owns 138,511 shares of the business services provider's stock worth $3,265,000 after buying an additional 1,346 shares during the period. Finally, Panagora Asset Management Inc. grew its position in shares of RCM Technologies by 31.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 31,647 shares of the business services provider's stock worth $746,000 after buying an additional 7,631 shares during the period. 43.20% of the stock is currently 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.