Ben Andrews Discloses 535,048 Share Stake in RCM Technologies
Ticker: RCMT · Form: SC 13G · Filed: Jan 4, 2024 · CIK: 700841
| Field | Detail |
|---|---|
| Company | Rcm Technologies, INC. (RCMT) |
| Form Type | SC 13G |
| Filed Date | Jan 4, 2024 |
| Risk Level | medium |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, institutional-ownership, shareholder-activism
TL;DR
**Ben Andrews just revealed a big stake in RCMT, holding 535,048 shares with full control.**
AI Summary
Ben Andrews, an individual investor, has reported beneficial ownership of 535,048 shares of RCM Technologies, Inc. (RCMT) Common Stock as of December 31, 2023. This filing, an SC 13G, indicates that Andrews holds a significant stake with sole voting and dispositive power over these shares. This matters to investors because a large individual holding can signal confidence in the company's future, but also means a single person has substantial influence over company decisions.
Why It Matters
This filing reveals a significant individual investor's stake, which can influence RCM Technologies' stock price and future strategic decisions.
Risk Assessment
Risk Level: medium — While a large individual stake can signal confidence, it also concentrates power, which could lead to volatility if the investor changes their position.
Analyst Insight
Investors should monitor future filings from Ben Andrews for any changes in his stake, as a significant increase or decrease could signal his evolving sentiment towards RCM Technologies.
Key Numbers
- 535,048 — Shares Beneficially Owned (Represents the total number of RCM Technologies Common Stock shares Ben Andrews has sole voting and dispositive power over.)
- December 31, 2023 — Date of Event (The specific date that triggered the requirement for this SC 13G filing, indicating the snapshot of ownership.)
- 749360400 — CUSIP Number (Unique identification number for RCM Technologies, Inc. Common Stock.)
Key Players & Entities
- Ben Andrews (person) — Reporting Person, individual investor
- RCM Technologies, Inc. (company) — Subject Company, issuer of the securities
- 535,048 shares (dollar_amount) — Aggregate amount beneficially owned by Ben Andrews
Forward-Looking Statements
- Ben Andrews will maintain a significant stake in RCM Technologies for the foreseeable future. (Ben Andrews) — medium confidence, target: Q4 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Ben Andrews, an individual from the United States, as stated in Item 1 of the filing.
What is the name of the issuer whose securities are being reported?
The name of the issuer is RCM Technologies, Inc., as specified under 'Name of Issuer' on the cover page and in the subject company data.
How many shares of Common Stock does Ben Andrews beneficially own?
Ben Andrews beneficially owns 535,048 shares of Common Stock, as reported in Row 9 of the cover page and Item 9.
What type of power does Ben Andrews have over these shares?
Ben Andrews has sole voting power over 535,048 shares and sole dispositive power over 535,048 shares, as detailed in Rows 5 and 7 of the cover page.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as indicated on the cover page.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 4, 2024 by Ben Andrews regarding RCM TECHNOLOGIES, INC. (RCMT).