Russell Investments Group Ltd. Buys Shares of 37,928 RCM Technologies, Inc. (NASDAQ:RCMT)

Russell Investments Group Ltd. purchased a new position in RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 37,928 shares of the business services provider's stock, valued at approximately $840,000. Russell Investments Group Ltd. owned about 0.50% of RCM Technologies at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of RCMT. Sanctuary Advisors LLC acquired a new stake in shares of RCM Technologies in the 3rd quarter worth about $265,000. State Street Corp lifted its position in shares of RCM Technologies by 6.7% during the 3rd quarter. State Street Corp now owns 25,555 shares of the business services provider's stock valued at $518,000 after acquiring an additional 1,600 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in RCM Technologies by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider's stock worth $234,000 after buying an additional 1,639 shares during the period. Pacific Ridge Capital Partners LLC purchased a new stake in shares of RCM Technologies in the 4th quarter valued at approximately $2,668,000. Finally, Barclays PLC acquired a new stake in RCM Technologies during the 3rd quarter valued at $180,000. 43.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Benchmark decreased their target price on RCM Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, March 21st. StockNews.com cut RCM Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, B. Riley raised shares of RCM Technologies to a "strong-buy" rating in a research report on Tuesday, March 18th.

RCM Technologies Stock Down 1.8 %

RCMT stock traded down $0.32 during trading hours on Friday, hitting $17.13. The company's stock had a trading volume of 12,312 shares, compared to its average volume of 44,782. The company has a market capitalization of $129.96 million, a PE ratio of 8.78 and a beta of 0.21. The stock has a 50 day moving average price of $16.84 and a two-hundred day moving average price of $19.97. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.06. RCM Technologies, Inc. has a 12 month low of $13.18 and a 12 month high of $26.37.

RCM Technologies (NASDAQ:RCMT - Get Free Report) 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 during the quarter, compared to analyst estimates of $79.00 million.

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.