Two Sigma Investments LP Has $1.97 Million Stock Holdings in Resources Connection, Inc. (NASDAQ:RGP)

Two Sigma Investments LP grew its position in Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 95.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 230,584 shares of the company's stock after purchasing an additional 112,812 shares during the period. Two Sigma Investments LP owned about 0.70% of Resources Connection worth $1,967,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers raised its holdings in Resources Connection by 2.8% in the fourth quarter. Rhumbline Advisers now owns 51,444 shares of the company's stock worth $439,000 after purchasing an additional 1,387 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Resources Connection by 17.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,249 shares of the company's stock worth $105,000 after purchasing an additional 1,863 shares during the period. LPL Financial LLC raised its holdings in Resources Connection by 6.2% in the fourth quarter. LPL Financial LLC now owns 48,762 shares of the company's stock worth $416,000 after purchasing an additional 2,837 shares during the period. State of Wyoming raised its holdings in Resources Connection by 23.4% in the fourth quarter. State of Wyoming now owns 18,319 shares of the company's stock worth $156,000 after purchasing an additional 3,476 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Resources Connection by 9.5% in the fourth quarter. Victory Capital Management Inc. now owns 40,399 shares of the company's stock worth $345,000 after purchasing an additional 3,497 shares during the period. 93.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price objective 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.

Insider Activity at Resources Connection

In other Resources Connection news, Director Roger D. Carlile bought 25,000 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average price of $5.06 per share, with a total value of $126,500.00. Following the completion of the transaction, the director now owns 50,000 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David P. White sold 5,204 shares of the firm's stock in a transaction on Monday, April 21st. The shares were 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 of the company's stock, valued at approximately $127,981.06. This trade represents a 17.62% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 54,900 shares of company stock valued at $279,295. Corporate insiders own 3.39% of the company's stock.

Resources Connection Stock Down 3.1%

Shares of NASDAQ:RGP traded down $0.16 during midday trading on Thursday, reaching $5.07. 117,771 shares of the company were exchanged, compared to its average volume of 400,563. Resources Connection, Inc. has a fifty-two week low of $4.81 and a fifty-two week high of $12.19. The stock has a fifty day simple moving average of $5.42 and a two-hundred day simple moving average of $7.11. The firm has a market cap of $167.66 million, a PE ratio of -2.73 and a beta of 0.64.

Resources Connection Announces Dividend

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

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.