Hillsdale Investment Management Inc. Has $135,000 Holdings in RCM Technologies, Inc. (NASDAQ:RCMT)

Hillsdale Investment Management Inc. trimmed its stake in RCM Technologies, Inc. (NASDAQ:RCMT) by 85.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,100 shares of the business services provider’s stock after selling 35,333 shares during the period. Hillsdale Investment Management Inc.’s holdings in RCM Technologies were worth $135,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in RCM Technologies during the third quarter worth about $425,000. Truvestments Capital LLC increased its position in shares of RCM Technologies by 2.2% during 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 period. BNP Paribas Financial Markets acquired a new position in shares of RCM Technologies in the third quarter valued at $48,000. State Street Corp lifted its position in RCM Technologies by 6.7% in the third 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 during the period. Finally, Barclays PLC acquired a new stake in RCM Technologies during the third quarter worth $180,000. Institutional investors own 43.20% of the company’s stock.

RCM Technologies Stock Performance

RCM Technologies stock opened at $15.02 on Tuesday. The firm has a market capitalization of $113.99 million, a P/E ratio of 7.70 and a beta of 0.58. The stock has a fifty day moving average price of $18.72 and a two-hundred day moving average price of $20.64. RCM Technologies, Inc. has a 52-week low of $13.18 and a 52-week high of $26.37. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.63 and a quick ratio of 1.63.

RCM Technologies (NASDAQ:RCMT) last posted its earnings results on Wednesday, March 12th. The business services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.37). RCM Technologies had a return on equity of 58.70% and a net margin of 5.77%. The firm had revenue of $76.91 million during the quarter, compared to the consensus estimate of $79.00 million.

Wall Street Analyst Weigh In

RCMT has been the subject of a number of recent research reports. Benchmark dropped their price objective on shares of RCM Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Friday. B. Riley raised shares of RCM Technologies to a “strong-buy” rating in a research report on Tuesday, March 18th.

RCM Technologies Company 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.