Ritholtz Wealth Management Sells 25,639 Shares of RCM Technologies, Inc. $RCMT

Ritholtz Wealth Management cut its holdings in RCM Technologies, Inc. (NASDAQ:RCMT) by 60.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 17,085 shares of the business services provider’s stock after selling 25,639 shares during the quarter. Ritholtz Wealth Management’s holdings in RCM Technologies were worth $327,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in RCM Technologies by 44.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider’s stock worth $45,000 after buying an additional 579 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of RCM Technologies by 1,241.0% in the second quarter. JPMorgan Chase & Co. now owns 2,320 shares of the business services provider’s stock valued at $55,000 after buying an additional 2,147 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of RCM Technologies in the third quarter valued at approximately $60,000. Lazard Asset Management LLC bought a new stake in shares of RCM Technologies during the second quarter worth $77,000. Finally, New York State Common Retirement Fund bought a new stake in shares of RCM Technologies during the second quarter worth $101,000. 43.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on RCMT shares. Weiss Ratings restated a “hold (c)” rating on shares of RCM Technologies in a report on Friday, March 27th. Zacks Research lowered shares of RCM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Benchmark increased their target price on RCM Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Finally, Wall Street Zen downgraded RCM Technologies from a “buy” rating to a “hold” rating in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.00.

RCM Technologies Trading Down 1.5%

NASDAQ:RCMT opened at $28.50 on Friday. The company has a market cap of $202.06 million, a P/E ratio of 13.44 and a beta of 0.29. RCM Technologies, Inc. has a twelve month low of $17.26 and a twelve month high of $32.50. The business has a 50 day moving average price of $26.43 and a two-hundred day moving average price of $22.79. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.65.

RCM Technologies (NASDAQ:RCMT) last posted its quarterly earnings data on Friday, April 3rd. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 5.03% and a return on equity of 37.76%. As a group, analysts expect that RCM Technologies, Inc. will post 2.23 EPS for the current fiscal year.

Insider Buying and Selling at RCM Technologies

In related news, Chairman Bradley Vizi sold 13,666 shares of the firm’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $27.55, for a total value of $376,498.30. Following the completion of the transaction, the chairman owned 1,497,477 shares of the company’s stock, valued at approximately $41,255,491.35. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 RCM Technologies stock in a transaction on Monday, April 27th. The shares were sold at an average price of $32.00, for a total transaction of $151,488.00. Following the completion of the sale, the chief financial officer owned 439,066 shares in the company, valued at $14,050,112. The trade was a 1.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 36,437 shares of company stock valued at $1,068,434 in the last 90 days. 28.00% of the stock is currently owned by corporate insiders.

About RCM Technologies

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.