Resources Connection, Inc. (NASDAQ:RGP) Shares Bought by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. raised its holdings in shares of Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 38.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 963,619 shares of the company's stock after acquiring an additional 268,954 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 2.91% of Resources Connection worth $8,220,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Barclays PLC increased its stake in Resources Connection by 194.4% during 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. Nisa Investment Advisors LLC raised its position in shares of Resources Connection by 2,171.7% during the fourth 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 during the last quarter. SG Americas Securities LLC bought a new stake in shares of Resources Connection during the fourth quarter worth approximately $148,000. Exchange Traded Concepts LLC lifted its stake in shares of Resources Connection by 17.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 35,363 shares of the company's stock valued at $302,000 after purchasing an additional 5,189 shares during the period. Finally, Empowered Funds LLC boosted its holdings in Resources Connection by 5.1% during the fourth quarter. Empowered Funds LLC now owns 166,538 shares of the company's stock worth $1,421,000 after buying an additional 8,108 shares during the last quarter. Institutional investors and hedge funds own 93.23% of the company's stock.

Resources Connection Stock Down 1.6%

RGP traded down $0.09 during trading on Wednesday, reaching $5.44. 112,353 shares of the stock traded hands, compared to its average volume of 403,975. 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 is $5.97 and its 200 day moving average is $7.49. The stock has a market capitalization of $179.90 million, a PE ratio of -2.92 and a beta of 0.68.

Insider Transactions at Resources Connection

In related news, Director David P. White sold 5,204 shares of the business's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $5.26, for a total transaction of $27,373.04. Following the completion of the transaction, the director now directly owns 24,331 shares in the company, valued at $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 available through this hyperlink. Also, COO Bhadreskumar Patel purchased 9,900 shares of the 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 transaction, the chief operating officer now directly owns 131,099 shares in the company, valued at $662,049.95. The trade was a 8.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 54,900 shares of company stock worth $279,295 in the last ninety days. Company insiders own 3.39% of the company's stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their target price on Resources Connection from $9.50 to $5.00 and set an "underweight" rating for the company in a research note on Thursday, April 3rd.

Resources Connection Company 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.