Ancora Advisors LLC Sells 46,190 Shares of Resources Connection, Inc. (NASDAQ:RGP)

Ancora Advisors LLC lessened its holdings in shares of Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 39.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,050 shares of the company's stock after selling 46,190 shares during the period. Ancora Advisors LLC owned about 0.21% of Resources Connection worth $598,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nisa Investment Advisors LLC raised its position in shares of Resources Connection by 2,171.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,134 shares of the company's stock worth $44,000 after acquiring an additional 4,908 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Resources Connection by 17.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,249 shares of the company's stock worth $105,000 after purchasing an additional 1,863 shares in the last quarter. SG Americas Securities LLC purchased a new position in Resources Connection during the fourth quarter valued at $148,000. Sanctuary Advisors LLC boosted its holdings in shares of Resources Connection by 45.6% during the 4th quarter. Sanctuary Advisors LLC now owns 17,329 shares of the company's stock valued at $148,000 after buying an additional 5,430 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Resources Connection by 32.0% in the 4th quarter. Wells Fargo & Company MN now owns 19,784 shares of the company's stock worth $169,000 after buying an additional 4,796 shares during the period. Institutional investors own 93.23% of the company's stock.

Resources Connection Trading Down 3.2 %

Resources Connection stock traded down $0.18 during mid-day trading on Friday, hitting $5.45. The company had a trading volume of 152,670 shares, compared to its average volume of 406,457. Resources Connection, Inc. has a 12 month low of $4.81 and a 12 month high of $12.19. The stock's 50 day moving average price is $6.03 and its two-hundred day moving average price is $7.52. The company has a market capitalization of $180.23 million, a PE ratio of -2.93 and a beta of 0.68.

Insider Activity at Resources Connection

In other Resources Connection news, COO Bhadreskumar Patel acquired 9,900 shares of Resources Connection stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average cost of $5.05 per share, for a total transaction of $49,995.00. Following the acquisition, the chief operating officer now owns 131,099 shares of the company's stock, valued at $662,049.95. This represents a 8.17 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David P. White sold 5,204 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $5.26, for a total transaction of $27,373.04. Following the transaction, the director now owns 24,331 shares in the company, valued at $127,981.06. This represents a 17.62 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 54,900 shares of company stock valued at $279,295. 3.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their price target 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.

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.