Bridgeway Capital Management LLC Has $2.80 Million Stock Position in Resources Connection, Inc. (NASDAQ:RGP)

Bridgeway Capital Management LLC boosted its position in shares of Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 327,738 shares of the company's stock after purchasing an additional 48,808 shares during the period. Bridgeway Capital Management LLC owned 0.99% of Resources Connection worth $2,796,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Horrell Capital Management Inc. lifted its position in shares of Resources Connection by 30.1% during the 4th quarter. Horrell Capital Management Inc. now owns 1,060,000 shares of the company's stock worth $9,042,000 after purchasing an additional 245,000 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Resources Connection by 23.1% during the fourth quarter. Russell Investments Group Ltd. now owns 832,786 shares of the company's stock valued at $7,104,000 after acquiring an additional 156,280 shares during the period. Tieton Capital Management LLC increased its stake in Resources Connection by 42.4% during the fourth quarter. Tieton Capital Management LLC now owns 823,108 shares of the company's stock valued at $7,021,000 after acquiring an additional 245,022 shares during the period. Geode Capital Management LLC increased its stake in Resources Connection by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 797,028 shares of the company's stock valued at $6,800,000 after acquiring an additional 12,499 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Resources Connection by 10.4% in the 4th quarter. AQR Capital Management LLC now owns 632,039 shares of the company's stock valued at $5,391,000 after purchasing an additional 59,725 shares during the period. Institutional investors and hedge funds own 93.23% of the company's stock.

Resources Connection Price Performance

Shares of Resources Connection stock traded up $0.25 during trading hours on Monday, hitting $5.70. The company's stock had a trading volume of 223,292 shares, compared to its average volume of 405,725. Resources Connection, Inc. has a 12 month low of $4.81 and a 12 month high of $12.19. The company has a market capitalization of $188.49 million, a PE ratio of -3.06 and a beta of 0.68. The stock has a 50 day moving average of $6.03 and a 200 day moving average of $7.52.

Insider Activity

In other news, Director David P. White sold 5,204 shares of Resources Connection stock in a transaction that occurred on Monday, April 21st. The shares were 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 in the company, valued at approximately $127,981.06. The trade was a 17.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kate W. Duchene purchased 20,000 shares of the company's stock in a transaction dated Friday, April 4th. The stock was acquired at an average price of $5.14 per share, with a total value of $102,800.00. Following the completion of the transaction, the chief executive officer now owns 571,451 shares of the company's stock, valued at $2,937,258.14. This represents a 3.63% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 54,900 shares of company stock worth $279,295 in the last quarter. Corporate insiders own 3.39% of the company's stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their price objective on Resources Connection from $9.50 to $5.00 and set an "underweight" rating on the stock in a research note 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.