Meros Investment Management LP Buys 26,924 Shares of RCM Technologies, Inc. $RCMT

Meros Investment Management LP boosted its stake in shares of RCM Technologies, Inc. (NASDAQ:RCMT) by 69.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,951 shares of the business services provider’s stock after purchasing an additional 26,924 shares during the period. Meros Investment Management LP owned about 0.89% of RCM Technologies worth $1,348,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its holdings in RCM Technologies by 44.1% during the second quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider’s stock valued at $45,000 after buying an additional 579 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in RCM Technologies by 1,241.0% during 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in RCM Technologies during the third quarter valued at approximately $60,000. Lazard Asset Management LLC purchased a new stake in RCM Technologies during the second quarter valued at approximately $77,000. Finally, New York State Common Retirement Fund purchased a new stake in RCM Technologies during the second quarter valued at approximately $101,000. Institutional investors own 43.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on RCMT shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RCM Technologies in a report on Friday, March 27th. Wall Street Zen raised shares of RCM Technologies from a “hold” rating to a “buy” rating in a report on Sunday. Zacks Research cut shares of RCM Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Finally, Benchmark upped their target price on shares of RCM Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.00.

Insiders Place Their Bets

In other news, Chairman Bradley Vizi sold 8,237 shares of the stock in a transaction on Wednesday, April 8th. The shares were 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 of the company’s stock, valued at $40,983,884.80. This represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 stock in a transaction on Monday, April 27th. The stock was 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 directly owned 439,066 shares of the company’s stock, valued at approximately $14,050,112. This trade represents a 1.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 36,437 shares of company stock valued at $1,068,434. Corporate insiders own 28.00% of the company’s stock.

RCM Technologies Stock Performance

Shares of NASDAQ RCMT opened at $25.94 on Tuesday. The firm has a fifty day moving average price of $26.59 and a 200-day moving average price of $22.11. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market cap of $183.91 million, a PE ratio of 12.24 and a beta of 0.34. RCM Technologies, Inc. has a 1 year low of $17.26 and a 1 year high of $32.50.

RCM Technologies (NASDAQ:RCMT) last announced its quarterly earnings data on Friday, April 3rd. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.22. The firm had revenue of $86.48 million during the quarter, compared to analysts’ expectations of $84.46 million. RCM Technologies had a net margin of 5.03% and a return on equity of 37.76%. Equities analysts anticipate that RCM Technologies, Inc. will post 2.23 earnings per share for the current fiscal year.

RCM Technologies Company 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.