David P. White Sells 5,204 Shares of Resources Connection, Inc. (NASDAQ:RGP) Stock

Resources Connection, Inc. (NASDAQ:RGP - Get Free Report) Director David P. White sold 5,204 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $5.26, for a total value of $27,373.04. Following the completion of the transaction, the director now owns 24,331 shares in the company, valued at $127,981.06. This represents a 17.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Resources Connection Price Performance

Shares of RGP stock traded down $0.01 during trading on Friday, reaching $5.50. The company had a trading volume of 201,714 shares, compared to its average volume of 408,359. The firm's 50 day simple moving average is $6.38 and its two-hundred day simple moving average is $7.71. Resources Connection, Inc. has a one year low of $4.81 and a one year high of $12.19. The company has a market capitalization of $181.88 million, a PE ratio of -2.96 and a beta of 0.60.

Hedge Funds Weigh In On Resources Connection

A number of institutional investors have recently modified their holdings of RGP. GAMMA Investing LLC grew its stake in Resources Connection by 3,712.9% in the 1st quarter. GAMMA Investing LLC now owns 4,728 shares of the company's stock valued at $31,000 after buying an additional 4,604 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Resources Connection by 2,171.7% during 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 during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Resources Connection in the first quarter valued at about $82,000. Capital Investment Advisors LLC bought a new position in shares of Resources Connection in the first quarter worth about $90,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Resources Connection by 17.9% during the 4th 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 last quarter. Institutional investors own 93.23% of the company's stock.

Wall Street Analyst Weigh In

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

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.