Hillsdale Investment Management Inc. Sells 35,333 Shares of RCM Technologies, Inc. (NASDAQ:RCMT)

Hillsdale Investment Management Inc. lowered its holdings in shares of RCM Technologies, Inc. (NASDAQ:RCMT - Free Report) by 85.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,100 shares of the business services provider's stock after selling 35,333 shares during the quarter. Hillsdale Investment Management Inc. owned approximately 0.08% of RCM Technologies worth $135,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC grew its holdings in RCM Technologies by 2.2% during the third quarter. Truvestments Capital LLC now owns 35,148 shares of the business services provider's stock valued at $713,000 after purchasing an additional 772 shares during the period. State Street Corp grew its stake 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 period. JPMorgan Chase & Co. grew its stake in shares of RCM Technologies by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider's stock valued at $234,000 after acquiring an additional 1,639 shares during the period. BNP Paribas Financial Markets purchased a new stake in RCM Technologies in the 3rd quarter worth approximately $48,000. Finally, Klein Pavlis & Peasley Financial Inc. raised its stake in RCM Technologies by 60.5% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 20,881 shares of the business services provider's stock worth $463,000 after acquiring an additional 7,869 shares during the period. Institutional investors own 43.20% of the company's stock.

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RCM Technologies Price Performance

RCMT stock traded up $0.20 during midday trading on Friday, hitting $15.86. The company's stock had a trading volume of 25,699 shares, compared to its average volume of 47,795. The firm has a market capitalization of $120.36 million, a price-to-earnings ratio of 8.13 and a beta of 0.58. 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. The company has a 50 day moving average of $18.39 and a two-hundred day moving average of $20.53.

RCM Technologies (NASDAQ:RCMT - Get Free Report) last issued its 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 for the quarter, compared to the consensus estimate of $79.00 million. RCM Technologies had a return on equity of 58.70% and a net margin of 5.77%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RCMT shares. B. Riley raised shares of RCM Technologies to a "strong-buy" rating in a research note on Tuesday, March 18th. Benchmark cut their price target 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.

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.