Pacific Ridge Capital Partners LLC Buys Shares of 120,386 RCM Technologies, Inc. (NASDAQ:RCMT)

Pacific Ridge Capital Partners LLC purchased a new position in shares of RCM Technologies, Inc. (NASDAQ:RCMT) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 120,386 shares of the business services provider’s stock, valued at approximately $2,668,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Truvestments Capital LLC increased its position in shares of RCM Technologies by 31.2% in the 4th quarter. Truvestments Capital LLC now owns 46,125 shares of the business services provider’s stock worth $1,022,000 after purchasing an additional 10,977 shares during the last quarter. State Street Corp grew its stake in RCM Technologies by 6.7% in the third quarter. State Street Corp now owns 25,555 shares of the business services provider’s stock worth $518,000 after purchasing an additional 1,600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in RCM Technologies in the third quarter worth about $425,000. Klein Pavlis & Peasley Financial Inc. increased its holdings in RCM Technologies by 60.5% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 20,881 shares of the business services provider’s stock valued at $463,000 after buying an additional 7,869 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in RCM Technologies during the third quarter valued at approximately $265,000. Institutional investors own 43.20% of the company’s stock.

RCM Technologies Price Performance

RCMT opened at $15.77 on Thursday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.06. The company’s 50-day moving average price is $18.55 and its 200 day moving average price is $20.58. RCM Technologies, Inc. has a fifty-two week low of $13.18 and a fifty-two week high of $26.37. The firm has a market cap of $119.68 million, a price-to-earnings ratio of 8.09 and a beta of 0.58.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on RCMT shares. B. Riley upgraded RCM Technologies to a “strong-buy” rating in a research report on Tuesday, March 18th. Benchmark decreased their price objective on shares of RCM Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a report on Friday, March 21st.

RCM Technologies Profile

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.