LSV Asset Management Sells 46,863 Shares of RCM Technologies, Inc. (NASDAQ:RCMT)

LSV Asset Management reduced its holdings in RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) by 85.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,737 shares of the business services provider's stock after selling 46,863 shares during the quarter. LSV Asset Management owned approximately 0.10% of RCM Technologies worth $171,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets bought a new position in RCM Technologies in the third quarter worth about $48,000. Barclays PLC bought a new stake in RCM Technologies in the third quarter valued at $180,000. JPMorgan Chase & Co. grew its position in RCM Technologies by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider's stock valued at $234,000 after buying an additional 1,639 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of RCM Technologies during the 3rd quarter worth about $265,000. Finally, Klein Pavlis & Peasley Financial Inc. boosted its holdings in shares of 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 acquiring an additional 7,869 shares in the last quarter. 43.20% of the stock is owned by institutional investors and hedge funds.

RCM Technologies Price Performance

Shares of NASDAQ:RCMT traded down $0.12 on Friday, reaching $16.06. 39,498 shares of the company traded hands, compared to its average volume of 45,350. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market capitalization of $121.88 million, a PE ratio of 8.24 and a beta of 0.21. The company's 50 day moving average is $17.11 and its 200-day moving average is $20.07. RCM Technologies, Inc. has a fifty-two week low of $13.18 and a fifty-two week high of $26.37.

RCM Technologies (NASDAQ:RCMT - Get Free Report) last issued 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). The company had revenue of $76.91 million during the quarter, compared to analysts' expectations of $79.00 million. RCM Technologies had a return on equity of 58.70% and a net margin of 5.77%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RCMT. B. Riley raised RCM Technologies to a "strong-buy" rating in a research note on Tuesday, March 18th. 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 note on Friday, March 21st. Finally, StockNews.com raised shares of RCM Technologies from a "hold" rating to a "buy" rating in a report on Tuesday.

About RCM Technologies

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.