152,272 Shares in Resources Connection, Inc. (NASDAQ:RGP) Acquired by Numerai GP LLC

Numerai GP LLC acquired a new position in shares of Resources Connection, Inc. (NASDAQ:RGP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 152,272 shares of the company's stock, valued at approximately $1,299,000. Numerai GP LLC owned 0.46% of Resources Connection at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in Resources Connection by 194.4% in the 3rd quarter. Barclays PLC now owns 48,280 shares of the company's stock worth $468,000 after acquiring an additional 31,879 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Resources Connection by 2,171.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,134 shares of the company's stock valued at $44,000 after acquiring an additional 4,908 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Resources Connection during the 4th quarter worth about $148,000. Exchange Traded Concepts LLC increased its stake in shares of Resources Connection by 17.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 35,363 shares of the company's stock valued at $302,000 after purchasing an additional 5,189 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Resources Connection by 5.1% during the fourth quarter. Empowered Funds LLC now owns 166,538 shares of the company's stock worth $1,421,000 after purchasing an additional 8,108 shares in the last quarter. Institutional investors own 93.23% of the company's stock.

Insiders Place Their Bets

In other Resources Connection news, Director David P. White sold 5,204 shares of Resources Connection stock in a transaction that occurred 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 approximately $127,981.06. The trade was a 17.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Kate W. Duchene bought 20,000 shares of Resources Connection stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of $5.14 per share, for a total transaction of $102,800.00. Following the acquisition, the chief executive officer now owns 571,451 shares of the company's stock, valued at $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 have bought 54,900 shares of company stock worth $279,295 in the last three months. 3.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped 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 note on Thursday, April 3rd.

Resources Connection Stock Down 0.6%

Shares of RGP traded down $0.04 during mid-day trading on Monday, hitting $5.37. 41,124 shares of the company's stock were exchanged, compared to its average volume of 310,242. Resources Connection, Inc. has a 52 week low of $4.81 and a 52 week high of $12.19. The firm has a market cap of $177.42 million, a price-to-earnings ratio of -2.88 and a beta of 0.68. The stock's 50-day simple moving average is $5.87 and its 200-day simple moving average is $7.42.

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.