Insider Selling: RCM Technologies (NASDAQ:RCMT) Chairman Sells 1,165 Shares of Stock

RCM Technologies, Inc. (NASDAQ:RCMT) Chairman Bradley Vizi sold 1,165 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $27.50, for a total value of $32,037.50. Following the transaction, the chairman owned 1,511,426 shares in the company, valued at approximately $41,564,215. This trade represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bradley Vizi also recently made the following trade(s):

• On Wednesday, September 24th, Bradley Vizi sold 8 shares of RCM Technologies stock. The stock was sold at an average price of $27.55, for a total value of $220.40.
• On Tuesday, September 23rd, Bradley Vizi sold 85 shares of RCM Technologies stock. The stock was sold at an average price of $27.50, for a total value of $2,337.50.
• On Friday, September 19th, Bradley Vizi sold 3,825 shares of RCM Technologies stock. The stock was sold at an average price of $27.50, for a total value of $105,187.50.
• On Thursday, September 18th, Bradley Vizi sold 2,620 shares of RCM Technologies stock. The stock was sold at an average price of $27.50, for a total value of $72,050.00.
• On Wednesday, September 17th, Bradley Vizi sold 2,811 shares of RCM Technologies stock. The stock was sold at an average price of $27.51, for a total value of $77,330.61.
• On Friday, September 12th, Bradley Vizi sold 658 shares of RCM Technologies stock. The stock was sold at an average price of $27.53, for a total value of $18,114.74.
• On Wednesday, September 10th, Bradley Vizi sold 300 shares of RCM Technologies stock. The stock was sold at an average price of $27.50, for a total value of $8,250.00.
• On Tuesday, September 9th, Bradley Vizi sold 4 shares of RCM Technologies stock. The stock was sold at an average price of $27.50, for a total value of $110.00.
• On Monday, September 8th, Bradley Vizi sold 3,961 shares of RCM Technologies stock. The stock was sold at an average price of $27.51, for a total value of $108,967.11.
• On Friday, September 5th, Bradley Vizi sold 4,508 shares of RCM Technologies stock. The stock was sold at an average price of $27.50, for a total value of $123,970.00.

RCM Technologies Stock Performance

Shares of RCMT opened at $26.80 on Thursday. The stock has a 50-day moving average of $25.66 and a two-hundred day moving average of $21.97. RCM Technologies, Inc. has a one year low of $13.18 and a one year high of $28.27. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $198.59 million, a P/E ratio of 15.23 and a beta of 0.27.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut RCM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average price target of $33.50.

Hedge Funds Weigh In On RCM Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC acquired a new position in shares of RCM Technologies in the 2nd quarter valued at about $77,000. BNP Paribas Financial Markets lifted its holdings in shares of RCM Technologies by 44.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider’s stock valued at $45,000 after buying an additional 579 shares during the period. Raymond James Financial Inc. acquired a new position in shares of RCM Technologies in the 2nd quarter valued at about $107,000. Ballast Asset Management LP lifted its holdings in shares of RCM Technologies by 1.0% in the 2nd quarter. Ballast Asset Management LP now owns 138,511 shares of the business services provider’s stock valued at $3,265,000 after buying an additional 1,346 shares during the period. Finally, Panagora Asset Management Inc. lifted its holdings in shares of RCM Technologies by 31.8% in the 2nd quarter. Panagora Asset Management Inc. now owns 31,647 shares of the business services provider’s stock valued at $746,000 after buying an additional 7,631 shares during the period. Institutional investors and hedge funds own 43.20% of the company’s stock.

About RCM Technologies

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.