Tucker Asset Management LLC Boosts Stake in RCM Technologies, Inc. (NASDAQ:RCMT)

Tucker Asset Management LLC increased its position in RCM Technologies, Inc. (NASDAQ:RCMT) by 150.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,250 shares of the business services provider’s stock after purchasing an additional 750 shares during the period. Tucker Asset Management LLC’s holdings in RCM Technologies were worth $36,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ballast Asset Management LP acquired a new stake in RCM Technologies during the 3rd quarter valued at $1,056,000. Kent Lake Capital LLC grew its holdings in RCM Technologies by 20.7% during the 3rd quarter. Kent Lake Capital LLC now owns 123,369 shares of the business services provider’s stock valued at $2,411,000 after buying an additional 21,158 shares during the last quarter. Citigroup Inc. purchased a new position in shares of RCM Technologies during the 3rd quarter worth $372,000. Jump Financial LLC purchased a new position in shares of RCM Technologies during the 4th quarter worth $426,000. Finally, WINTON GROUP Ltd lifted its stake in shares of RCM Technologies by 89.7% during the 3rd quarter. WINTON GROUP Ltd now owns 25,373 shares of the business services provider’s stock worth $496,000 after purchasing an additional 11,998 shares during the period. 43.20% of the stock is owned by hedge funds and other institutional investors.

RCM Technologies Trading Down 1.7 %

Shares of RCMT traded down $0.33 during trading hours on Friday, hitting $19.36. The stock had a trading volume of 29,559 shares, compared to its average volume of 52,965. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $150.10 million, a P/E ratio of 9.40 and a beta of 0.70. The company’s fifty day simple moving average is $19.99 and its 200 day simple moving average is $24.73. RCM Technologies, Inc. has a 12-month low of $14.40 and a 12-month high of $32.15.

RCM Technologies (NASDAQ:RCMT) last issued its earnings results on Wednesday, May 8th. The business services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. RCM Technologies had a return on equity of 74.07% and a net margin of 6.32%. The business had revenue of $71.94 million for the quarter, compared to analyst estimates of $72.27 million. Equities research analysts forecast that RCM Technologies, Inc. will post 2.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RCMT has been the topic of a number of recent analyst reports. StockNews.com raised RCM Technologies from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Benchmark reaffirmed a “buy” rating and issued a $33.00 target price on shares of RCM Technologies in a research report on Wednesday, May 15th.

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.