Key Points
- RCM Chairman Bradley Vizi sold 13,666 shares on April 7 at an average price of $27.55 for $376,498.30 (and an additional 8,237 shares on April 8 for $226,682.24), with the trades executed under a pre-arranged Rule 10b5-1 plan and disclosed in an SEC filing.
- After the transactions Vizi still owns 1,497,477 shares—valued at about $41.26 million—representing a roughly 0.90% decrease in his stake.
- Analyst/institutional sentiment is mixed: Benchmark raised its price target to $36 with a Buy rating, but the consensus remains a Hold; institutional investors own about 43.2% of the stock.
RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) Chairman Bradley Vizi sold 8,237 shares of the company's stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $27.52, for a total value of $226,682.24. Following the sale, the chairman owned 1,489,240 shares in the company, valued at approximately $40,983,884.80. This represents a 0.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Bradley Vizi also recently made the following trade(s):
- On Tuesday, April 7th, Bradley Vizi sold 13,666 shares of RCM Technologies stock. The stock was sold at an average price of $27.55, for a total value of $376,498.30.
RCM Technologies Trading Up 0.1%
Shares of RCM Technologies stock opened at $27.90 on Friday. RCM Technologies, Inc. has a 12-month low of $15.29 and a 12-month high of $28.51. The stock has a market cap of $195.86 million, a P/E ratio of 13.04 and a beta of -0.01. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.78. The business's 50 day moving average is $19.75 and its 200-day moving average is $20.92.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Zacks Research upgraded RCM Technologies from a "strong sell" rating to a "hold" rating in a research note on Monday, January 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of RCM Technologies in a research note on Friday, March 27th. Finally, Benchmark upped their price objective on RCM Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $36.00.
Get Our Latest Stock Report on RCMT
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Ellsworth Advisors LLC acquired a new position in shares of RCM Technologies during the 3rd quarter worth approximately $780,000. LSV Asset Management increased its holdings in shares of RCM Technologies by 95.7% during the 3rd quarter. LSV Asset Management now owns 67,575 shares of the business services provider's stock worth $1,794,000 after acquiring an additional 33,045 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of RCM Technologies by 189.4% during the 3rd quarter. Ritholtz Wealth Management now owns 41,391 shares of the business services provider's stock worth $1,099,000 after acquiring an additional 27,091 shares during the last quarter. SummerHaven Investment Management LLC acquired a new position in shares of RCM Technologies during the 3rd quarter worth approximately $899,000. Finally, Raymond James Financial Inc. acquired a new position in shares of RCM Technologies during the 2nd quarter worth approximately $107,000. 43.20% of the stock is owned by institutional investors and hedge funds.
About RCM Technologies
(
Get Free Report)
RCM Technologies, Inc (NASDAQ: RCMT) is an information technology consulting firm that specializes in delivering secure, enterprise-level technology solutions. The company's core offerings include IT infrastructure design and integration, data center modernization, cloud migration and management, cybersecurity services, and digital collaboration platforms. RCM Technologies serves clients across federal and commercial markets, tailoring its services to meet the strict security and compliance requirements of government agencies as well as the performance and scalability needs of private-sector organizations.
Founded in the mid-1980s and headquartered in Dresher, Pennsylvania, RCM Technologies has built a reputation for end-to-end project delivery, from initial assessment and design through implementation and ongoing managed support.
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