Pacific Ridge Capital Partners LLC Purchases 74,760 Shares of RCM Technologies, Inc. $RCMT

Pacific Ridge Capital Partners LLC increased its position in shares of RCM Technologies, Inc. (NASDAQ:RCMT) by 40.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 258,231 shares of the business services provider’s stock after purchasing an additional 74,760 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in RCM Technologies were worth $5,280,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. LSV Asset Management raised its stake in RCM Technologies by 95.7% during the 3rd quarter. LSV Asset Management now owns 67,575 shares of the business services provider’s stock valued at $1,794,000 after purchasing an additional 33,045 shares during the period. Ritholtz Wealth Management grew its holdings in RCM Technologies by 189.4% during the 3rd quarter. Ritholtz Wealth Management now owns 41,391 shares of the business services provider’s stock valued at $1,099,000 after buying an additional 27,091 shares in the last quarter. SummerHaven Investment Management LLC bought a new stake in shares of RCM Technologies during the third quarter valued at approximately $899,000. Coastal Bridge Advisors LLC bought a new stake in RCM Technologies in the 3rd quarter valued at $212,000. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of RCM Technologies by 14.5% during the 3rd quarter. Bridgeway Capital Management LLC now owns 21,342 shares of the business services provider’s stock valued at $567,000 after purchasing an additional 2,700 shares during the last quarter. 43.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other RCM Technologies news, Chairman Bradley Vizi sold 8,237 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $27.52, for a total value of $226,682.24. Following the completion of the sale, the chairman directly owned 1,489,240 shares in the company, valued at approximately $40,983,884.80. This represents a 0.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin D. Miller sold 4,734 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $32.00, for a total value of $151,488.00. Following the transaction, the chief financial officer owned 439,066 shares in the company, valued at approximately $14,050,112. This represents a 1.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 36,437 shares of company stock valued at $1,068,434. 28.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RCMT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RCM Technologies in a report on Friday, March 27th. Wall Street Zen raised RCM Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 11th. Zacks Research raised shares of RCM Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Finally, Benchmark boosted their price target on shares of RCM Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $36.00.

RCM Technologies Stock Performance

NASDAQ:RCMT opened at $29.57 on Tuesday. The stock’s fifty day moving average is $24.28 and its 200 day moving average is $21.63. The firm has a market capitalization of $209.65 million, a PE ratio of 13.82 and a beta of 0.46. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.85 and a current ratio of 1.85. RCM Technologies, Inc. has a fifty-two week low of $17.26 and a fifty-two week high of $32.50.

RCM Technologies (NASDAQ:RCMT) last posted its quarterly earnings results on Friday, April 3rd. The business services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.58 by $0.22. The company had revenue of $86.48 million for the quarter, compared to the consensus estimate of $84.46 million. RCM Technologies had a net margin of 5.11% and a return on equity of 40.90%. On average, sell-side analysts anticipate that RCM Technologies, Inc. will post 2.4 earnings per share for the current year.

RCM Technologies Profile

RCM Technologies, Inc (NASDAQ: RCMT) is an information technology consulting firm that specializes in delivering secure, enterprise-level technology solutions. The company’s core offerings include IT infrastructure design and integration, data center modernization, cloud migration and management, cybersecurity services, and digital collaboration platforms. RCM Technologies serves clients across federal and commercial markets, tailoring its services to meet the strict security and compliance requirements of government agencies as well as the performance and scalability needs of private-sector organizations.

Founded in the mid-1980s and headquartered in Dresher, Pennsylvania, RCM Technologies has built a reputation for end-to-end project delivery, from initial assessment and design through implementation and ongoing managed support.