Insider Selling: RCM Technologies (NASDAQ:RCMT) CFO Sells $185,346.00 in Stock

RCM Technologies, Inc. (NASDAQ:RCMT) CFO Kevin Miller sold 4,413 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $42.00, for a total value of $185,346.00. Following the completion of the sale, the chief financial officer owned 333,949 shares in the company, valued at approximately $14,025,858. This represents a 1.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

RCM Technologies Price Performance

Shares of NASDAQ:RCMT opened at $41.03 on Friday. RCM Technologies, Inc. has a twelve month low of $17.26 and a twelve month high of $42.04. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.48. The company has a market cap of $291.72 million, a PE ratio of 17.84 and a beta of 0.29. The company’s 50 day moving average is $29.03 and its 200 day moving average is $25.13.

RCM Technologies (NASDAQ:RCMT) last announced its quarterly earnings data on Thursday, August 13th. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.62 by $0.20. The business had revenue of $93.82 million during the quarter, compared to analysts’ expectations of $81.75 million. RCM Technologies had a net margin of 5.13% and a return on equity of 37.92%. On average, sell-side analysts forecast that RCM Technologies, Inc. will post 2.23 EPS for the current year.

Institutional Trading of RCM Technologies

A number of hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in RCM Technologies by 3.6% in the first quarter. Renaissance Technologies LLC now owns 434,877 shares of the business services provider’s stock valued at $8,324,000 after buying an additional 15,304 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of RCM Technologies by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 279,889 shares of the business services provider’s stock worth $7,431,000 after acquiring an additional 8,532 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of RCM Technologies by 40.7% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 258,231 shares of the business services provider’s stock worth $5,280,000 after acquiring an additional 74,760 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of RCM Technologies by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 169,945 shares of the business services provider’s stock valued at $3,253,000 after acquiring an additional 1,774 shares during the period. Finally, Punch & Associates Investment Management Inc. grew its position in shares of RCM Technologies by 12.8% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 153,511 shares of the business services provider’s stock valued at $2,938,000 after acquiring an additional 17,433 shares during the period. 43.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RCMT. Zacks Research downgraded RCM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. Benchmark boosted their price objective on RCM Technologies from $36.00 to $45.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of RCM Technologies in a research note on Friday, July 17th. B. Riley Financial raised their target price on RCM Technologies from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Monday. Finally, Wall Street Zen raised RCM Technologies from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 16th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.00.

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.