Bourgeon Capital Management LLC grew its holdings in RCM Technologies, Inc. (NASDAQ:RCMT) by 17.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 145,783 shares of the business services provider’s stock after acquiring an additional 21,176 shares during the quarter. Bourgeon Capital Management LLC owned 1.21% of RCM Technologies worth $834,000 at the end of the most recent reporting period.

Separately, Municipal Employees Retirement System of Michigan raised its stake in shares of RCM Technologies by 32.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 63,250 shares of the business services provider’s stock worth $319,000 after purchasing an additional 15,520 shares during the last quarter. 52.76% of the stock is currently owned by hedge funds and other institutional investors.

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Separately, Benchmark Co. began coverage on RCM Technologies in a research note on Thursday, July 13th. They issued a “buy” rating and a $7.00 price objective for the company.

Shares of RCM Technologies, Inc. (NASDAQ RCMT) traded up 0.355% on Wednesday, hitting $5.961. The stock had a trading volume of 552 shares. RCM Technologies, Inc. has a 52-week low of $4.51 and a 52-week high of $7.15. The firm’s 50-day moving average price is $5.67 and its 200 day moving average price is $5.32. The firm has a market cap of $71.59 million, a PE ratio of 124.188 and a beta of 0.13.

RCM Technologies (NASDAQ:RCMT) last announced its earnings results on Wednesday, August 9th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $45.51 million during the quarter. RCM Technologies had a return on equity of 4.38% and a net margin of 0.36%. On average, equities research analysts predict that RCM Technologies, Inc. will post $0.28 EPS for the current year.

RCM Technologies Profile

RCM Technologies, Inc is a provider of business and technology solutions. The Company is also a provider of specialty healthcare services to healthcare institutions and educational facilities. The Company operates through three segments: Engineering, Information Technology (IT) and Specialty Health Care Services.

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Institutional Ownership by Quarter for RCM Technologies (NASDAQ:RCMT)

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