ClariVest Asset Management LLC bought a new position in shares of R C M Technologies Inc (NASDAQ:RCMT) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,271 shares of the business services provider’s stock, valued at approximately $123,000. ClariVest Asset Management LLC owned about 0.17% of R C M Technologies at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RCMT. Frontier Investment Mgmt Co. bought a new stake in R C M Technologies during the fourth quarter worth $302,000. Renaissance Technologies LLC lifted its stake in R C M Technologies by 5.4% during the fourth quarter. Renaissance Technologies LLC now owns 756,500 shares of the business services provider’s stock worth $4,728,000 after purchasing an additional 38,700 shares during the last quarter. Deutsche Bank AG lifted its stake in R C M Technologies by 129.6% during the fourth quarter. Deutsche Bank AG now owns 37,662 shares of the business services provider’s stock worth $235,000 after purchasing an additional 21,261 shares during the last quarter. Finally, Algert Global LLC bought a new stake in R C M Technologies during the first quarter worth $340,000. Hedge funds and other institutional investors own 31.16% of the company’s stock.
Separately, ValuEngine cut R C M Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd.
R C M Technologies (NASDAQ:RCMT) last released its earnings results on Wednesday, May 9th. The business services provider reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. R C M Technologies had a return on equity of 24.28% and a net margin of 1.31%. The firm had revenue of $50.81 million during the quarter.
R C M Technologies Profile
RCM Technologies, Inc provides business and technology solutions to the commercial and government sectors in the United States, Canada, the Puerto Rico, and Serbia. The company operates through three segments: Engineering, Specialty Health Care, and Information Technology. The Engineering segment provides 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.
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