Klein Pavlis & Peasley Financial Inc. Buys 7,869 Shares of RCM Technologies, Inc. (NASDAQ:RCMT)

Klein Pavlis & Peasley Financial Inc. raised its position in shares of RCM Technologies, Inc. (NASDAQ:RCMT) by 60.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,881 shares of the business services provider’s stock after acquiring an additional 7,869 shares during the quarter. Klein Pavlis & Peasley Financial Inc. owned about 0.27% of RCM Technologies worth $463,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in RCM Technologies in the third quarter worth approximately $48,000. Barclays PLC bought a new position in shares of RCM Technologies in the third quarter valued at approximately $180,000. JPMorgan Chase & Co. boosted its position in shares of RCM Technologies by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider’s stock valued at $234,000 after buying an additional 1,639 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in RCM Technologies during the third quarter worth $265,000. Finally, Exchange Traded Concepts LLC purchased a new stake in RCM Technologies in the 3rd quarter valued at $315,000. 43.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Michael Saks sold 2,852 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $23.99, for a total value of $68,419.48. Following the transaction, the insider now owns 114,158 shares of the company’s stock, valued at approximately $2,738,650.42. This represents a 2.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 26.40% of the company’s stock.

RCM Technologies Stock Performance

NASDAQ:RCMT opened at $20.06 on Thursday. The business has a fifty day simple moving average of $21.45 and a two-hundred day simple moving average of $20.89. RCM Technologies, Inc. has a 1 year low of $17.11 and a 1 year high of $29.80. The company has a market capitalization of $152.46 million, a P/E ratio of 10.29 and a beta of 0.63. 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 (NASDAQ:RCMT) last issued its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The company had revenue of $60.37 million for the quarter, compared to analysts’ expectations of $60.59 million. RCM Technologies had a return on equity of 58.70% and a net margin of 5.77%. During the same period last year, the company posted $0.46 EPS. On average, analysts expect that RCM Technologies, Inc. will post 2.07 earnings per share for the current year.

Analysts Set New Price Targets

RCMT has been the topic of a number of analyst reports. Benchmark lifted their price objective on shares of RCM Technologies from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, November 11th. B. Riley lifted their price target on RCM Technologies from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, StockNews.com downgraded RCM Technologies from a “buy” rating to a “hold” rating in a research note on Monday, November 11th.

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.