Acadian Asset Management LLC Has $130,000 Stake in RCM Technologies, Inc. (NASDAQ:RCMT)

Acadian Asset Management LLC cut its stake in shares of RCM Technologies, Inc. (NASDAQ:RCMT) by 88.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,990 shares of the business services provider’s stock after selling 52,940 shares during the quarter. Acadian Asset Management LLC owned approximately 0.09% of RCM Technologies worth $130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RCMT. Janney Montgomery Scott LLC lifted its stake in shares of RCM Technologies by 8.8% in the first quarter. Janney Montgomery Scott LLC now owns 33,979 shares of the business services provider’s stock worth $726,000 after acquiring an additional 2,737 shares during the period. O Shaughnessy Asset Management LLC increased its position in RCM Technologies by 13.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 73,506 shares of the business services provider’s stock valued at $1,571,000 after purchasing an additional 8,513 shares during the period. Jump Financial LLC bought a new position in RCM Technologies during the 4th quarter worth approximately $426,000. Tucker Asset Management LLC lifted its position in shares of RCM Technologies by 150.0% in the 4th quarter. Tucker Asset Management LLC now owns 1,250 shares of the business services provider’s stock worth $36,000 after purchasing an additional 750 shares during the period. Finally, Panagora Asset Management Inc. bought a new stake in shares of RCM Technologies in the 2nd quarter valued at $458,000. 43.20% of the stock is owned by institutional investors and hedge funds.

RCM Technologies Trading Up 0.4 %

NASDAQ RCMT opened at $20.06 on Friday. The stock has a market capitalization of $153.06 million, a P/E ratio of 9.74 and a beta of 0.64. The business has a 50 day simple moving average of $19.39 and a 200 day simple moving average of $20.19. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.48. RCM Technologies, Inc. has a one year low of $17.11 and a one year high of $32.15.

RCM Technologies (NASDAQ:RCMT) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). RCM Technologies had a return on equity of 67.39% and a net margin of 6.19%. The company had revenue of $69.16 million for the quarter, compared to analyst estimates of $69.90 million. During the same period last year, the business earned $0.47 EPS. Research analysts expect that RCM Technologies, Inc. will post 2.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Benchmark restated a “buy” rating and issued a $33.00 target price on shares of RCM Technologies in a report on Tuesday, August 13th.

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.