Marshall Wace LLP Purchases 48,754 Shares of Resources Connection, Inc. (NASDAQ:RGP)

Marshall Wace LLP lifted its position in Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 46.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,316 shares of the company's stock after acquiring an additional 48,754 shares during the quarter. Marshall Wace LLP owned approximately 0.46% of Resources Connection worth $1,308,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Atria Investments Inc lifted its holdings in shares of Resources Connection by 20.6% in the fourth quarter. Atria Investments Inc now owns 21,379 shares of the company's stock worth $182,000 after buying an additional 3,656 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of 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 buying an additional 1,387 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Resources Connection by 45.6% in the fourth quarter. Sanctuary Advisors LLC now owns 17,329 shares of the company's stock worth $148,000 after buying an additional 5,430 shares in the last quarter. Barclays PLC increased its position in shares of Resources Connection by 194.4% in the third quarter. Barclays PLC now owns 48,280 shares of the company's stock worth $468,000 after purchasing an additional 31,879 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Resources Connection by 9.1% in the fourth quarter. American Century Companies Inc. now owns 70,669 shares of the company's stock worth $603,000 after purchasing an additional 5,889 shares during the last quarter. Institutional investors own 93.23% of the company's stock.

Insiders Place Their Bets

In other 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 cost of $5.06 per share, with a total value of $126,500.00. Following the completion of the purchase, the director now owns 50,000 shares in the company, valued at approximately $253,000. The trade was a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kate W. Duchene acquired 20,000 shares of the stock in a transaction dated Friday, April 4th. The shares were purchased at an average cost of $5.14 per share, with a total value of $102,800.00. Following the completion of the purchase, the chief executive officer now owns 571,451 shares of the company's stock, valued at approximately $2,937,258.14. The trade was a 3.63 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 54,900 shares of company stock valued at $279,295 over the last three months. Insiders own 3.39% of the company's stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price objective 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 Stock Up 2.0 %

Resources Connection stock opened at $5.61 on Tuesday. The company has a market capitalization of $185.52 million, a PE ratio of -3.02 and a beta of 0.60. The firm has a fifty day simple moving average of $6.34 and a two-hundred day simple moving average of $7.69. Resources Connection, Inc. has a twelve month low of $4.81 and a twelve month high of $12.19.

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.

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