Ritholtz Wealth Management Has $327,000 Stock Holdings in RCM Technologies, Inc. $RCMT

Ritholtz Wealth Management decreased its position in RCM Technologies, Inc. (NASDAQ:RCMT) by 60.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,085 shares of the business services provider’s stock after selling 25,639 shares during the period. Ritholtz Wealth Management owned 0.24% of RCM Technologies worth $327,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RCMT. BNP Paribas Financial Markets raised its holdings in RCM Technologies by 44.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider’s stock worth $45,000 after purchasing an additional 579 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of RCM Technologies by 1,241.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,320 shares of the business services provider’s stock worth $55,000 after buying an additional 2,147 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of RCM Technologies during the third quarter worth approximately $60,000. Lazard Asset Management LLC bought a new stake in shares of RCM Technologies during the second quarter worth approximately $77,000. Finally, New York State Common Retirement Fund acquired a new position in RCM Technologies in the second quarter valued at approximately $101,000. 43.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman Bradley Vizi sold 13,666 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $27.55, for a total value of $376,498.30. Following the completion of the transaction, the chairman owned 1,497,477 shares of the company’s stock, valued at $41,255,491.35. The trade was a 0.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin D. Miller sold 4,734 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $32.00, for a total transaction of $151,488.00. Following the completion of the sale, the chief financial officer owned 439,066 shares of the company’s stock, valued at approximately $14,050,112. This represents a 1.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 36,437 shares of company stock worth $1,068,434. Insiders own 28.00% of the company’s stock.

RCM Technologies Stock Performance

Shares of RCMT stock opened at $28.50 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market cap of $202.06 million, a PE ratio of 13.44 and a beta of 0.29. The stock has a 50-day moving average of $26.43 and a 200-day moving average of $22.79. RCM Technologies, Inc. has a one year low of $17.26 and a one year high of $32.50.

RCM Technologies (NASDAQ:RCMT) last released its quarterly earnings data on Friday, April 3rd. The business services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.22. The business had revenue of $86.48 million for the quarter, compared to analyst estimates of $84.46 million. RCM Technologies had a net margin of 5.03% and a return on equity of 37.76%. As a group, sell-side analysts expect that RCM Technologies, Inc. will post 2.23 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on RCMT shares. Zacks Research cut shares of RCM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of RCM Technologies in a research report on Friday, March 27th. Benchmark increased their price target on RCM Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Finally, Wall Street Zen downgraded RCM Technologies from a “buy” rating to a “hold” rating in a research note on Monday, June 22nd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $36.00.

About RCM Technologies

RCM Technologies, Inc (NASDAQ: RCMT) is an information technology consulting firm that specializes in delivering secure, enterprise-level technology solutions. The company’s core offerings include IT infrastructure design and integration, data center modernization, cloud migration and management, cybersecurity services, and digital collaboration platforms. RCM Technologies serves clients across federal and commercial markets, tailoring its services to meet the strict security and compliance requirements of government agencies as well as the performance and scalability needs of private-sector organizations.

Founded in the mid-1980s and headquartered in Dresher, Pennsylvania, RCM Technologies has built a reputation for end-to-end project delivery, from initial assessment and design through implementation and ongoing managed support.