19,013 Shares in RCM Technologies, Inc. (NASDAQ:RCMT) Acquired by Citigroup Inc.

Citigroup Inc. acquired a new position in RCM Technologies, Inc. (NASDAQ:RCMTFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,013 shares of the business services provider’s stock, valued at approximately $372,000.

Several other institutional investors also recently modified their holdings of RCMT. Kent Lake Capital LLC bought a new position in RCM Technologies during the second quarter valued at approximately $1,881,000. Marshall Wace LLP bought a new position in RCM Technologies during the third quarter valued at approximately $1,497,000. Ballast Asset Management LP bought a new position in RCM Technologies during the third quarter valued at approximately $1,056,000. Millennium Management LLC grew its position in RCM Technologies by 382.3% during the fourth quarter. Millennium Management LLC now owns 54,572 shares of the business services provider’s stock valued at $673,000 after acquiring an additional 43,257 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in RCM Technologies during the second quarter valued at approximately $569,000. 31.41% of the stock is currently owned by institutional investors.

Insider Transactions at RCM Technologies

In other news, Chairman Bradley Vizi sold 2,325 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $30.00, for a total value of $69,750.00. Following the transaction, the chairman now owns 1,504,336 shares in the company, valued at $45,130,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Kevin D. Miller sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $32.00, for a total value of $44,800.00. Following the transaction, the chief financial officer now owns 453,600 shares in the company, valued at $14,515,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Bradley Vizi sold 2,325 shares of the firm’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $30.00, for a total value of $69,750.00. Following the completion of the sale, the chairman now directly owns 1,504,336 shares of the company’s stock, valued at approximately $45,130,080. The disclosure for this sale can be found here. Company insiders own 32.30% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of RCM Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th.

Get Our Latest Report on RCMT

RCM Technologies Stock Down 0.6 %

Shares of RCM Technologies stock opened at $22.01 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.56 and a current ratio of 1.56. RCM Technologies, Inc. has a 52-week low of $10.25 and a 52-week high of $32.15. The stock has a market capitalization of $174.74 million, a price-to-earnings ratio of 11.06 and a beta of 0.76. The company’s 50 day moving average price is $27.50 and its 200-day moving average price is $25.05.

RCM Technologies Profile

(Free Report)

RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Serbia. 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.

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Institutional Ownership by Quarter for RCM Technologies (NASDAQ:RCMT)

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