Resources Connection, Inc. (NASDAQ:RGP) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its position in shares of Resources Connection, Inc. (NASDAQ:RGP) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,814,104 shares of the company’s stock after selling 86,380 shares during the period. Dimensional Fund Advisors LP owned 5.48% of Resources Connection worth $15,474,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Atria Investments Inc increased its stake 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 during the period. Rhumbline Advisers raised its stake in Resources Connection by 2.8% during the 4th quarter. Rhumbline Advisers now owns 51,444 shares of the company’s stock valued at $439,000 after acquiring an additional 1,387 shares in the last quarter. Sanctuary Advisors LLC boosted its position in Resources Connection by 45.6% during the 4th quarter. Sanctuary Advisors LLC now owns 17,329 shares of the company’s stock worth $148,000 after acquiring an additional 5,430 shares during the period. Barclays PLC grew its stake in shares of Resources Connection by 194.4% in the third quarter. Barclays PLC now owns 48,280 shares of the company’s stock worth $468,000 after purchasing an additional 31,879 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Resources Connection by 196.2% during the fourth quarter. JPMorgan Chase & Co. now owns 261,688 shares of the company’s stock valued at $2,232,000 after purchasing an additional 173,333 shares during the period. Institutional investors and hedge funds own 93.23% of the company’s stock.

Insider Activity at Resources Connection

In related news, COO Bhadreskumar Patel acquired 9,900 shares of the business’s stock in a transaction dated Monday, April 7th. The stock was bought at an average price of $5.05 per share, for a total transaction of $49,995.00. Following the transaction, the chief operating officer now owns 131,099 shares of the company’s stock, valued at approximately $662,049.95. The trade was a 8.17 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kate W. Duchene bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average price of $5.14 per share, for a total transaction of $102,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 571,451 shares in the company, valued at approximately $2,937,258.14. The trade was a 3.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 54,900 shares of company stock valued at $279,295 over the last 90 days. 3.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Resources Connection Stock Performance

Shares of NASDAQ RGP opened at $5.63 on Friday. Resources Connection, Inc. has a 1 year low of $4.81 and a 1 year high of $12.19. The firm has a market cap of $186.01 million, a P/E ratio of -3.02 and a beta of 0.68. The stock has a fifty day moving average price of $6.07 and a two-hundred day moving average price of $7.55.

About Resources Connection

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.