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

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

Other institutional investors also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. boosted its holdings in Resources Connection by 30.1% during the fourth quarter. Horrell Capital Management Inc. now owns 1,060,000 shares of the company's stock worth $9,042,000 after buying an additional 245,000 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Resources Connection by 23.1% during the fourth quarter. Russell Investments Group Ltd. now owns 832,786 shares of the company's stock worth $7,104,000 after acquiring an additional 156,280 shares in the last quarter. Tieton Capital Management LLC lifted its holdings in shares of Resources Connection by 42.4% during the 4th quarter. Tieton Capital Management LLC now owns 823,108 shares of the company's stock valued at $7,021,000 after purchasing an additional 245,022 shares in the last quarter. Geode Capital Management LLC increased its stake in Resources Connection by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 797,028 shares of the company's stock worth $6,800,000 after purchasing an additional 12,499 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Resources Connection by 10.4% during the 4th quarter. AQR Capital Management LLC now owns 632,039 shares of the company's stock worth $5,391,000 after buying an additional 59,725 shares during the period. 93.23% of the stock is owned by institutional investors.

Resources Connection Price Performance

NASDAQ:RGP traded down $0.10 on Wednesday, hitting $5.43. 106,783 shares of the company's stock were exchanged, compared to its average volume of 314,923. The firm has a 50-day moving average price of $5.97 and a 200-day moving average price of $7.49. Resources Connection, Inc. has a 52 week low of $4.81 and a 52 week high of $12.19. The company has a market cap of $179.56 million, a P/E ratio of -2.92 and a beta of 0.68.

Insiders Place Their Bets

In other Resources Connection news, Director David P. White sold 5,204 shares of the firm's 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 sale, the director now owns 24,331 shares in the company, valued at $127,981.06. This trade represents a 17.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Bhadreskumar Patel purchased 9,900 shares of the stock in a transaction dated Monday, April 7th. The shares were bought at an average price of $5.05 per share, with a total value of $49,995.00. Following the completion of the acquisition, the chief operating officer now directly owns 131,099 shares of the company's stock, valued at approximately $662,049.95. This represents a 8.17% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 54,900 shares of company stock valued at $279,295 in the last 90 days. 3.39% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price objective on shares of Resources Connection from $9.50 to $5.00 and set an "underweight" rating on the stock 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.