Geode Capital Management LLC Has $1.32 Million Stock Holdings in RCM Technologies, Inc. (NASDAQ:RCMT)

Geode Capital Management LLC reduced its position in shares of RCM Technologies, Inc. (NASDAQ:RCMT) by 16.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,126 shares of the business services provider’s stock after selling 12,383 shares during the quarter. Geode Capital Management LLC’s holdings in RCM Technologies were worth $1,321,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RCMT. Truvestments Capital LLC increased its holdings 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 acquiring an additional 772 shares in the last quarter. State Street Corp grew its position in RCM Technologies by 6.7% in the 3rd quarter. State Street Corp now owns 25,555 shares of the business services provider’s stock valued at $518,000 after purchasing an additional 1,600 shares during the period. BNP Paribas Financial Markets acquired a new stake in RCM Technologies in the 3rd quarter valued at $48,000. Barclays PLC bought a new stake in RCM Technologies during the 3rd quarter valued at $180,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of RCM Technologies in the third quarter valued at $315,000. Institutional investors own 43.20% of the company’s stock.

Insider Transactions at RCM Technologies

In related news, insider Michael Saks sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $23.22, for a total transaction of $116,100.00. Following the completion of the sale, the insider now owns 119,158 shares in the company, valued at approximately $2,766,848.76. This trade represents a 4.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 26.40% of the company’s stock.

Analyst Ratings Changes

RCMT has been the topic of a number of analyst reports. Benchmark upped their target price on shares of RCM Technologies from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, November 11th. StockNews.com lowered RCM Technologies from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, B. Riley increased their price target on RCM Technologies from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, November 11th.

RCM Technologies Stock Down 3.1 %

RCM Technologies stock opened at $20.22 on Friday. 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 stock has a market cap of $153.61 million, a PE ratio of 10.37 and a beta of 0.65. RCM Technologies, Inc. has a fifty-two week low of $17.11 and a fifty-two week high of $31.98. The firm’s 50-day simple moving average is $22.72 and its 200 day simple moving average is $20.76.

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.