OMERS ADMINISTRATION Corp Takes $259,000 Position in RCM Technologies, Inc. (NASDAQ:RCMT)

OMERS ADMINISTRATION Corp bought a new stake in shares of RCM Technologies, Inc. (NASDAQ:RCMT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,700 shares of the business services provider’s stock, valued at approximately $259,000. OMERS ADMINISTRATION Corp owned 0.15% of RCM Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC purchased a new stake in RCM Technologies in the third quarter worth $180,000. JPMorgan Chase & Co. grew its stake in RCM Technologies by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider’s stock worth $234,000 after purchasing an additional 1,639 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in RCM Technologies in the fourth quarter worth $258,000. 683 Capital Management LLC purchased a new stake in RCM Technologies in the fourth quarter worth $337,000. Finally, Jane Street Group LLC purchased a new stake in RCM Technologies in the fourth quarter worth $369,000. 43.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. B. Riley raised RCM Technologies to a “strong-buy” rating in a research report on Tuesday, March 18th. Benchmark cut 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 report on Friday, March 21st. Finally, StockNews.com raised shares of RCM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 9th.

RCM Technologies Stock Performance

Shares of RCMT stock opened at $23.15 on Tuesday. RCM Technologies, Inc. has a one year low of $13.18 and a one year high of $26.37. The company’s 50-day moving average is $17.17 and its 200 day moving average is $19.73. The company has a market capitalization of $171.40 million, a price-to-earnings ratio of 11.87 and a beta of 0.15. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.63 and a current ratio of 1.63.

RCM Technologies (NASDAQ:RCMT) 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 analysts’ consensus estimates of $0.58 by ($0.04). The business had revenue of $84.47 million for the quarter, compared to the consensus estimate of $76.04 million. RCM Technologies had a net margin of 5.77% and a return on equity of 58.70%.

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.