Dimensional Fund Advisors LP Sells 53,642 Shares of RCM Technologies, Inc. (NASDAQ:RCMT)

Dimensional Fund Advisors LP cut its holdings in RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) by 19.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 222,294 shares of the business services provider's stock after selling 53,642 shares during the period. Dimensional Fund Advisors LP owned 2.87% of RCM Technologies worth $4,161,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Tucker Asset Management LLC grew its stake in shares of RCM Technologies by 150.0% during the 4th quarter. Tucker Asset Management LLC now owns 1,250 shares of the business services provider's stock valued at $36,000 after acquiring an additional 750 shares during the period. Klein Pavlis & Peasley Financial Inc. increased its stake in shares of 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 in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of RCM Technologies in the fourth quarter worth $252,000. Panagora Asset Management Inc. bought a new stake in shares of RCM Technologies during the 2nd quarter valued at $458,000. Finally, Truvestments Capital LLC lifted its stake in shares of RCM Technologies by 79.3% during the 1st quarter. Truvestments Capital LLC now owns 28,906 shares of the business services provider's stock valued at $618,000 after buying an additional 12,788 shares in the last quarter. Hedge funds and other institutional investors own 43.20% of the company's stock.

Analysts Set New Price Targets

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

RCM Technologies Price Performance

RCMT stock traded down $0.30 during midday trading on Thursday, hitting $20.81. The company's stock had a trading volume of 25,705 shares, compared to its average volume of 61,615. The firm has a market capitalization of $161.34 million, a price-to-earnings ratio of 10.10 and a beta of 0.64. 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, Inc. has a 12 month low of $17.11 and a 12 month high of $32.15. The company has a 50 day moving average of $19.63 and a two-hundred day moving average of $19.72.

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

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.