Bridgeway Capital Management LLC Has $834,000 Stock Position in RCM Technologies, Inc. (NASDAQ:RCMT)

Bridgeway Capital Management LLC lessened its position in shares of RCM Technologies, Inc. (NASDAQ:RCMT) by 3.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 37,642 shares of the business services provider’s stock after selling 1,500 shares during the quarter. Bridgeway Capital Management LLC’s holdings in RCM Technologies were worth $834,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Pacific Ridge Capital Partners LLC bought a new position in RCM Technologies in the fourth quarter worth $2,668,000. JPMorgan Chase & Co. raised its stake in shares of RCM Technologies by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,539 shares of the business services provider’s stock valued at $234,000 after buying an additional 1,639 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of RCM Technologies during the 4th quarter worth about $840,000. 683 Capital Management LLC bought a new position in shares of RCM Technologies during the 4th quarter worth about $337,000. Finally, Barclays PLC acquired a new stake in shares of RCM Technologies during the 3rd quarter valued at about $180,000. Institutional investors and hedge funds own 43.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Benchmark dropped their price target on shares of RCM Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, March 21st. StockNews.com raised RCM Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, B. Riley raised RCM Technologies to a “strong-buy” rating in a research note on Tuesday, March 18th.

RCM Technologies Stock Down 2.2%

RCMT opened at $20.33 on Monday. The firm has a market cap of $150.52 million, a price-to-earnings ratio of 10.43 and a beta of 0.15. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.63 and a current ratio of 1.63. The firm’s 50-day simple moving average is $16.62 and its 200-day simple moving average is $19.70. RCM Technologies, Inc. has a twelve month low of $13.18 and a twelve month high of $26.37.

RCM Technologies (NASDAQ:RCMT) last issued its quarterly earnings data on Wednesday, May 14th. The business services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). The firm had revenue of $84.47 million for the quarter, compared to the consensus estimate of $76.04 million. RCM Technologies had a return on equity of 58.70% and a net margin of 5.77%.

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.