120,386 Shares in RCM Technologies, Inc. (NASDAQ:RCMT) Acquired by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC purchased a new position in shares of RCM Technologies, Inc. (NASDAQ:RCMT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 120,386 shares of the business services provider’s stock, valued at approximately $2,668,000. Pacific Ridge Capital Partners LLC owned about 1.58% of RCM Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of RCMT. Truvestments Capital LLC increased its holdings in shares of RCM Technologies by 31.2% during the 4th quarter. Truvestments Capital LLC now owns 46,125 shares of the business services provider’s stock worth $1,022,000 after buying an additional 10,977 shares during the last quarter. State Street Corp increased its stake in RCM Technologies by 6.7% during the third quarter. State Street Corp now owns 25,555 shares of the business services provider’s stock worth $518,000 after acquiring an additional 1,600 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in RCM Technologies during the third quarter worth about $425,000. Klein Pavlis & Peasley Financial Inc. raised its holdings in shares of RCM Technologies by 60.5% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 20,881 shares of the business services provider’s stock worth $463,000 after purchasing an additional 7,869 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of RCM Technologies in the 3rd quarter valued at about $265,000. Hedge funds and other institutional investors own 43.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Benchmark dropped their target price on shares of RCM Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, March 21st. B. Riley raised shares of RCM Technologies to a “strong-buy” rating in a research report on Tuesday, March 18th.

RCM Technologies Price Performance

Shares of NASDAQ RCMT opened at $15.77 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.63 and a quick ratio of 1.63. RCM Technologies, Inc. has a 1-year low of $13.18 and a 1-year high of $26.37. The company has a market capitalization of $119.68 million, a price-to-earnings ratio of 8.09 and a beta of 0.58. The business has a 50-day moving average of $18.55 and a 200-day moving average of $20.58.

RCM Technologies (NASDAQ:RCMT) last released its quarterly earnings results on Wednesday, March 12th. The business services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.37). The company had revenue of $76.91 million during the quarter, compared to analysts’ expectations of $79.00 million. RCM Technologies had a return on equity of 58.70% and a net margin of 5.77%.

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.