RCM Technologies, Inc. (NASDAQ:RCMT) Position Lessened by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lowered its position in RCM Technologies, Inc. (NASDAQ:RCMT) by 85.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,100 shares of the business services provider’s stock after selling 35,333 shares during the quarter. Hillsdale Investment Management Inc. owned approximately 0.08% of RCM Technologies worth $135,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RCMT. BNP Paribas Financial Markets acquired a new stake in shares of RCM Technologies during the 3rd quarter valued at about $48,000. Barclays PLC bought a new position in RCM Technologies during the third quarter valued at approximately $180,000. JPMorgan Chase & Co. lifted 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 valued at $234,000 after acquiring an additional 1,639 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in RCM Technologies in the third quarter worth approximately $265,000. Finally, Klein Pavlis & Peasley Financial Inc. increased its stake in shares of RCM Technologies by 60.5% during 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 last quarter. Hedge funds and other institutional investors own 43.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

RCM Technologies Price Performance

Shares of RCM Technologies stock opened at $15.02 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.06. The firm has a fifty day simple moving average of $18.72 and a 200-day simple moving average of $20.64. The stock has a market capitalization of $113.99 million, a price-to-earnings ratio of 7.70 and a beta of 0.58. RCM Technologies, Inc. has a 1-year low of $13.18 and a 1-year high of $26.37.

RCM Technologies (NASDAQ:RCMT) last released its 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 firm had revenue of $76.91 million for the quarter, compared to analyst estimates of $79.00 million. RCM Technologies had a return on equity of 58.70% and a net margin of 5.77%.

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.