Meros Investment Management LP Boosts Stock Holdings in RCM Technologies, Inc. $RCMT

Meros Investment Management LP boosted its stake in shares of RCM Technologies, Inc. (NASDAQ:RCMT) by 69.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,951 shares of the business services provider’s stock after acquiring an additional 26,924 shares during the period. Meros Investment Management LP’s holdings in RCM Technologies were worth $1,348,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Qube Research & Technologies Ltd grew its stake in RCM Technologies by 5.4% during the third quarter. Qube Research & Technologies Ltd now owns 11,187 shares of the business services provider’s stock valued at $297,000 after acquiring an additional 576 shares in the last quarter. BNP Paribas Financial Markets grew its stake 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 acquiring an additional 579 shares in the last quarter. Bank of America Corp DE grew its stake in RCM Technologies by 28.1% during the third quarter. Bank of America Corp DE now owns 4,166 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 915 shares in the last quarter. Ritholtz Wealth Management grew its stake in RCM Technologies by 3.2% during the fourth quarter. Ritholtz Wealth Management now owns 42,724 shares of the business services provider’s stock valued at $873,000 after acquiring an additional 1,333 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in RCM Technologies by 2.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 69,304 shares of the business services provider’s stock valued at $1,417,000 after acquiring an additional 1,674 shares in the last quarter. 43.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on RCMT shares. Benchmark raised their target price on shares of RCM Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Zacks Research lowered shares of RCM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of RCM Technologies in a research report on Friday, March 27th. Finally, Wall Street Zen upgraded shares of RCM Technologies from a “hold” rating to a “buy” rating in a research report on Sunday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, RCM Technologies has a consensus rating of “Hold” and an average target price of $36.00.

RCM Technologies Price Performance

RCM Technologies stock opened at $25.94 on Tuesday. The firm has a 50-day moving average price of $26.59 and a 200-day moving average price of $22.11. The firm has a market capitalization of $183.91 million, a PE ratio of 12.24 and a beta of 0.34. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.65. RCM Technologies, Inc. has a 12-month low of $17.26 and a 12-month high of $32.50.

RCM Technologies (NASDAQ:RCMT) last released its earnings results on Friday, April 3rd. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.22. The firm had revenue of $86.48 million during the quarter, compared to analyst estimates of $84.46 million. RCM Technologies had a net margin of 5.03% and a return on equity of 37.76%. As a group, equities research analysts forecast that RCM Technologies, Inc. will post 2.23 EPS for the current year.

Insider Activity

In other news, CFO Kevin D. Miller sold 4,734 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $32.00, for a total value of $151,488.00. Following the completion of the sale, the chief financial officer owned 439,066 shares in the company, valued at approximately $14,050,112. This trade represents a 1.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Bradley Vizi sold 8,237 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $27.52, for a total transaction of $226,682.24. Following the completion of the sale, the chairman owned 1,489,240 shares of the company’s stock, valued at $40,983,884.80. This trade represents a 0.55% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 36,437 shares of company stock valued at $1,068,434 in the last 90 days. Company insiders own 28.00% of the company’s stock.

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.