Marshall Wace LLP Raises Stock Position in RCM Technologies, Inc. (NASDAQ:RCMT)

Marshall Wace LLP grew its stake in RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) by 174.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,392 shares of the business services provider's stock after purchasing an additional 24,380 shares during the period. Marshall Wace LLP owned approximately 0.50% of RCM Technologies worth $719,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RCMT. Tucker Asset Management LLC raised its holdings in shares of RCM Technologies by 150.0% in the fourth quarter. Tucker Asset Management LLC now owns 1,250 shares of the business services provider's stock worth $36,000 after buying an additional 750 shares during the period. Klein Pavlis & Peasley Financial Inc. increased its stake in RCM Technologies by 19.9% in the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,208 shares of the business services provider's stock worth $247,000 after purchasing an additional 2,191 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of RCM Technologies by 8.8% during the first quarter. Janney Montgomery Scott LLC now owns 33,979 shares of the business services provider's stock worth $726,000 after purchasing an additional 2,737 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of RCM Technologies by 9.8% during the first quarter. Hillsdale Investment Management Inc. now owns 42,733 shares of the business services provider's stock valued at $913,000 after purchasing an additional 3,800 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of RCM Technologies by 13.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 73,506 shares of the business services provider's stock worth $1,571,000 after purchasing an additional 8,513 shares during the last quarter. Hedge funds and other institutional investors own 43.20% of the company's stock.

RCM Technologies Trading Down 0.7 %

NASDAQ:RCMT traded down $0.14 during midday trading on Wednesday, hitting $21.11. The stock had a trading volume of 44,860 shares, compared to its average volume of 61,800. The stock has a 50-day moving average of $19.57 and a 200 day moving average of $19.70. The company has a market capitalization of $163.67 million, a price-to-earnings ratio of 10.32 and a beta of 0.64. RCM Technologies, Inc. has a one year low of $17.11 and a one year high of $32.15. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.84.

RCM Technologies (NASDAQ:RCMT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.03). The firm had revenue of $69.16 million for the quarter, compared to the consensus estimate of $69.90 million. RCM Technologies had a return on equity of 67.39% and a net margin of 6.19%. During the same period in the previous year, the company posted $0.47 EPS. As a group, sell-side analysts forecast that RCM Technologies, Inc. will post 2.06 EPS for the current year.

Analysts Set New Price Targets

Separately, Benchmark reiterated a "buy" rating and set a $33.00 price objective on shares of RCM Technologies in a report on Tuesday, August 13th.

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.