Resources Connection, Inc. (NASDAQ:RGP) Holdings Raised by Marshall Wace LLP

Marshall Wace LLP lifted its holdings in shares of Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 46.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 153,316 shares of the company's stock after purchasing an additional 48,754 shares during the quarter. Marshall Wace LLP owned about 0.46% of Resources Connection worth $1,308,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Rhumbline Advisers raised its position in shares of Resources Connection by 2.8% in the 4th quarter. Rhumbline Advisers now owns 51,444 shares of the company's stock worth $439,000 after buying an additional 1,387 shares during the period. LPL Financial LLC raised its holdings in shares of Resources Connection by 6.2% in the 4th 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. Victory Capital Management Inc. lifted its stake in shares of Resources Connection by 9.5% in the 4th quarter. Victory Capital Management Inc. now owns 40,399 shares of the company's stock valued at $345,000 after purchasing an additional 3,497 shares in the last quarter. Atria Investments Inc grew its holdings in shares of Resources Connection by 20.6% during the 4th quarter. Atria Investments Inc now owns 21,379 shares of the company's stock worth $182,000 after purchasing an additional 3,656 shares during the period. Finally, Sei Investments Co. increased its position in Resources Connection by 13.1% during the 4th quarter. Sei Investments Co. now owns 37,277 shares of the company's stock worth $318,000 after purchasing an additional 4,310 shares in the last quarter. Hedge funds and other institutional investors own 93.23% of the company's stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price target 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.

Resources Connection Trading Up 1.2 %

NASDAQ:RGP traded up $0.07 during mid-day trading on Friday, hitting $5.82. The company had a trading volume of 170,052 shares, compared to its average volume of 408,019. The business has a fifty day simple moving average of $6.20 and a 200-day simple moving average of $7.61. The firm has a market capitalization of $192.46 million, a price-to-earnings ratio of -3.13 and a beta of 0.60. Resources Connection, Inc. has a 1 year low of $4.81 and a 1 year high of $12.19.

Insider Buying and Selling

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

Resources Connection 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.