Jane Street Group LLC Sells 97,482 Shares of Resources Connection, Inc. (NASDAQ:RGP)

Jane Street Group LLC lowered its stake in shares of Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 60.7% during the 4th quarter, according to 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 about 0.19% of Resources Connection worth $538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings 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 valued at $44,000 after buying an additional 4,908 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 last quarter. SG Americas Securities LLC purchased a new stake in shares of Resources Connection during the fourth quarter valued at approximately $148,000. Sanctuary Advisors LLC grew its holdings in shares of 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 last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of 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 last quarter. Hedge funds and other institutional investors own 93.23% of the company's stock.

Resources Connection Stock Performance

Shares of NASDAQ:RGP traded down $0.09 during trading on Monday, reaching $5.13. 190,773 shares of the stock traded hands, compared to its average volume of 402,338. The stock has a 50-day moving average of $5.51 and a two-hundred day moving average of $7.16. Resources Connection, Inc. has a 52-week low of $4.81 and a 52-week high of $12.19. The stock has a market cap of $169.64 million, a P/E ratio of -2.76 and a beta of 0.68.

Resources Connection Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 23rd will be given a dividend of $0.07 per share. The ex-dividend date is Monday, June 23rd. Resources Connection's dividend payout ratio (DPR) is -8.54%.

Insider Activity at Resources Connection

In related news, CEO Kate W. Duchene acquired 20,000 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of $5.14 per share, for a total transaction of $102,800.00. Following the completion of the transaction, the chief executive officer now directly owns 571,451 shares in the company, valued at approximately $2,937,258.14. This trade represents a 3.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roger D. Carlile purchased 25,000 shares of the firm's stock in a transaction on Friday, April 4th. The stock was acquired at an average price of $5.06 per share, for a total transaction of $126,500.00. Following the completion of the transaction, the director now directly owns 50,000 shares of the company's stock, valued at approximately $253,000. This trade represents a 100.00% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 54,900 shares of company stock worth $279,295 over the last quarter. Company insiders own 3.39% of the company's stock.

Wall Street Analysts Forecast Growth

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