Barclays PLC Buys Shares of 8,888 RCM Technologies, Inc. (NASDAQ:RCMT)

Barclays PLC purchased a new stake in shares of RCM Technologies, Inc. (NASDAQ:RCMT) in the third quarter, according to its most recent filing with the SEC. The firm purchased 8,888 shares of the business services provider’s stock, valued at approximately $180,000. Barclays PLC owned 0.12% of RCM Technologies at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Marshall Wace LLP boosted its position in RCM Technologies by 174.0% during the second quarter. Marshall Wace LLP now owns 38,392 shares of the business services provider’s stock worth $719,000 after purchasing an additional 24,380 shares in the last quarter. Truvestments Capital LLC grew its position in shares of RCM Technologies by 2.2% in 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 last quarter. State Street Corp increased 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 worth $518,000 after purchasing an additional 1,600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of RCM Technologies during the 3rd quarter worth approximately $425,000. Finally, Exchange Traded Concepts LLC purchased a new stake in RCM Technologies in the 3rd quarter valued at approximately $315,000. Hedge funds and other institutional investors own 43.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of RCM Technologies from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Benchmark boosted their price objective on shares of RCM Technologies from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, B. Riley increased their target price on RCM Technologies from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, November 11th.

Insiders Place Their Bets

In other news, insider Michael Saks sold 5,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $23.22, for a total value of $116,100.00. Following the completion of the sale, the insider now owns 119,158 shares of the company’s stock, valued at $2,766,848.76. This represents a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 26.40% of the stock is owned by insiders.

RCM Technologies Stock Down 4.9 %

Shares of NASDAQ:RCMT opened at $20.87 on Wednesday. The stock has a 50-day simple moving average of $22.78 and a 200-day simple moving average of $20.75. The stock has a market capitalization of $158.55 million, a P/E ratio of 10.70 and a beta of 0.65. RCM Technologies, Inc. has a 1 year low of $17.11 and a 1 year high of $32.15. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.63 and a current ratio of 1.63.

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.