Renaissance Technologies LLC Has $1.28 Million Stock Holdings in Resources Connection, Inc. (NASDAQ:RGP)

Renaissance Technologies LLC decreased its position in shares of Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 25.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,400 shares of the company's stock after selling 51,242 shares during the period. Renaissance Technologies LLC owned 0.45% of Resources Connection worth $1,283,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its holdings in Resources Connection by 23.1% in the 4th quarter. Russell Investments Group Ltd. now owns 832,786 shares of the company's stock valued at $7,104,000 after acquiring an additional 156,280 shares during the last quarter. Wells Fargo & Company MN lifted its stake in 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 purchasing an additional 4,796 shares during the last quarter. Arete Wealth Advisors LLC lifted its stake in Resources Connection by 41.9% during the fourth quarter. Arete Wealth Advisors LLC now owns 25,373 shares of the company's stock valued at $218,000 after purchasing an additional 7,496 shares during the last quarter. Trexquant Investment LP boosted its holdings in Resources Connection by 32.0% during the fourth quarter. Trexquant Investment LP now owns 73,733 shares of the company's stock worth $629,000 after buying an additional 17,885 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Resources Connection by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 797,028 shares of the company's stock worth $6,800,000 after buying an additional 12,499 shares during the last quarter. 93.23% of the stock is currently owned by institutional investors and hedge funds.

Resources Connection Stock Down 0.7 %

Shares of Resources Connection stock traded down $0.04 during trading on Monday, hitting $5.78. The stock had a trading volume of 10,622 shares, compared to its average volume of 406,442. Resources Connection, Inc. has a 1 year low of $4.81 and a 1 year high of $12.19. The stock has a 50 day simple moving average of $6.20 and a 200 day simple moving average of $7.61. The company has a market capitalization of $191.14 million, a PE ratio of -3.11 and a beta of 0.68.

Insiders Place Their Bets

In other Resources Connection news, Director Roger D. Carlile bought 25,000 shares of the company's stock in a transaction dated Friday, April 4th. The shares were bought at an average price of $5.06 per share, for a total transaction of $126,500.00. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kate W. Duchene purchased 20,000 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of $5.14 per share, with a total value of $102,800.00. Following the completion of the acquisition, the chief executive officer now owns 571,451 shares of the company's stock, valued at $2,937,258.14. This trade represents a 3.63 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 54,900 shares of company stock worth $279,295. Corporate insiders own 3.39% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price objective on Resources Connection from $9.50 to $5.00 and set an "underweight" rating for the company in a research report on Thursday, April 3rd.

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.