LPL Financial LLC Has $416,000 Stock Holdings in Resources Connection, Inc. (NASDAQ:RGP)

LPL Financial LLC lifted its holdings in shares of Resources Connection, Inc. (NASDAQ:RGP) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,762 shares of the company’s stock after purchasing an additional 2,837 shares during the period. LPL Financial LLC owned 0.15% of Resources Connection worth $416,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Atria Investments Inc lifted its holdings in shares of Resources Connection by 20.6% in the fourth quarter. Atria Investments Inc now owns 21,379 shares of the company’s stock valued at $182,000 after purchasing an additional 3,656 shares in the last quarter. Rhumbline Advisers raised its position in shares of Resources Connection by 2.8% in the fourth quarter. Rhumbline Advisers now owns 51,444 shares of the company’s stock valued at $439,000 after purchasing an additional 1,387 shares during the period. Sanctuary Advisors LLC grew its position in shares of Resources Connection by 45.6% in the fourth quarter. Sanctuary Advisors LLC now owns 17,329 shares of the company’s stock valued at $148,000 after purchasing an additional 5,430 shares in the last quarter. Barclays PLC boosted its position in shares of Resources Connection by 194.4% in the third quarter. Barclays PLC now owns 48,280 shares of the company’s stock valued at $468,000 after acquiring an additional 31,879 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Resources Connection by 9.1% in the fourth quarter. American Century Companies Inc. now owns 70,669 shares of the company’s stock worth $603,000 after buying an additional 5,889 shares in the last quarter. 93.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Resources Connection

In related news, COO Bhadreskumar Patel bought 9,900 shares of the company’s stock in a transaction on Monday, April 7th. The shares were acquired at an average cost of $5.05 per share, with a total value of $49,995.00. Following the completion of the acquisition, the chief operating officer now owns 131,099 shares of the company’s stock, valued at $662,049.95. The trade was a 8.17 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David P. White sold 5,204 shares of Resources Connection stock in a transaction on Monday, April 21st. The stock was sold at an average price of $5.26, for a total value of $27,373.04. Following the completion of the sale, the director now directly owns 24,331 shares of the company’s stock, valued at approximately $127,981.06. The trade was a 17.62 % decrease in their position. The disclosure for this sale can be found here. Insiders acquired a total of 54,900 shares of company stock worth $279,295 over the last quarter. 3.39% of the stock is owned by corporate insiders.

Resources Connection Stock Down 0.2 %

Shares of RGP opened at $5.50 on Friday. The firm has a fifty day simple moving average of $6.38 and a two-hundred day simple moving average of $7.71. The stock has a market capitalization of $181.88 million, a P/E ratio of -2.96 and a beta of 0.60. Resources Connection, Inc. has a twelve month low of $4.81 and a twelve month high of $12.19.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their price objective on Resources Connection from $9.50 to $5.00 and set an “underweight” rating for the company in a report on Thursday, April 3rd.

Resources Connection Profile

Resources Connection, Inc provides consulting services to business customers under the Resources Global Professionals name in North America, Europe, and the Asia Pacific. The company offers services in the areas of transactions, including integration and divestitures, bankruptcy/restructuring, going public readiness and support, financial process optimization, and system implementation; and regulations, such as accounting regulations, internal audit and compliance, data privacy and security, healthcare compliance, and regulatory compliance.