Resources Connection, Inc. (NASDAQ:RGP) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its holdings in Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 60.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,093 shares of the company's stock after selling 97,482 shares during the quarter. Jane Street Group LLC owned approximately 0.19% of Resources Connection worth $538,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings in Resources Connection by 2,171.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,134 shares of the company's stock valued at $44,000 after buying an additional 4,908 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Resources Connection by 17.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,249 shares of the company's stock valued at $105,000 after buying an additional 1,863 shares during the period. SG Americas Securities LLC purchased a new position in Resources Connection during the fourth quarter valued at approximately $148,000. Sanctuary Advisors LLC increased its holdings in Resources Connection by 45.6% during the fourth 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 during the period. Finally, Wells Fargo & Company MN increased its holdings in Resources Connection by 32.0% during the fourth quarter. Wells Fargo & Company MN now owns 19,784 shares of the company's stock valued at $169,000 after buying an additional 4,796 shares during the period. 93.23% of the stock is currently owned by institutional investors.

Insider Transactions at Resources Connection

In other Resources Connection news, Director Roger D. Carlile acquired 25,000 shares of the stock in a transaction dated Friday, April 4th. The stock was purchased at an average price of $5.06 per share, with a total value of $126,500.00. Following the transaction, the director now directly owns 50,000 shares of the company's stock, valued at $253,000. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kate W. Duchene acquired 20,000 shares of the stock in a transaction dated Friday, April 4th. The stock was acquired at an average cost of $5.14 per share, with a total value of $102,800.00. Following the transaction, the chief executive officer now directly owns 571,451 shares in the company, valued at approximately $2,937,258.14. This represents a 3.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 54,900 shares of company stock valued at $279,295 in the last quarter. 3.39% of the stock is currently owned by corporate insiders.

Resources Connection Stock Down 0.6%

Shares of Resources Connection stock traded down $0.03 during trading on Friday, reaching $5.26. The company's stock had a trading volume of 205,578 shares, compared to its average volume of 403,095. The company has a market cap of $173.94 million, a price-to-earnings ratio of -2.83 and a beta of 0.68. Resources Connection, Inc. has a 1-year low of $4.81 and a 1-year high of $12.19. The company has a 50-day simple moving average of $5.54 and a two-hundred day simple moving average of $7.20.

Resources Connection Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, June 23rd will be given a $0.07 dividend. The ex-dividend date of this dividend is Monday, June 23rd. Resources Connection's payout ratio is -8.54%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered 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 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.