Tudor Investment Corp ET AL Purchases 66,544 Shares of Resources Connection, Inc. (NASDAQ:RGP)

Tudor Investment Corp ET AL increased its stake in shares of Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 131.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,175 shares of the company's stock after purchasing an additional 66,544 shares during the quarter. Tudor Investment Corp ET AL owned 0.35% of Resources Connection worth $1,000,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Barclays PLC increased its position in Resources Connection by 194.4% in the 3rd quarter. Barclays PLC now owns 48,280 shares of the company's stock valued at $468,000 after acquiring an additional 31,879 shares during the period. Nisa Investment Advisors LLC increased its holdings in Resources Connection by 2,171.7% during the 4th 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 purchased a new stake in Resources Connection during the 4th quarter worth about $148,000. Exchange Traded Concepts LLC raised its position in shares of Resources Connection by 17.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 35,363 shares of the company's stock valued at $302,000 after buying an additional 5,189 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in Resources Connection by 5.1% in the 4th quarter. Empowered Funds LLC now owns 166,538 shares of the company's stock valued at $1,421,000 after acquiring an additional 8,108 shares during the last quarter. 93.23% of the stock is owned by hedge funds and other institutional investors.

Resources Connection Trading Up 4.0%

NASDAQ RGP traded up $0.22 during trading hours on Monday, reaching $5.67. 32,784 shares of the company traded hands, compared to its average volume of 404,997. The stock has a market capitalization of $187.50 million, a PE ratio of -3.00 and a beta of 0.68. The company has a 50 day moving average of $6.03 and a two-hundred day moving average of $7.52. Resources Connection, Inc. has a 12 month low of $4.81 and a 12 month high of $12.19.

Analyst Upgrades and Downgrades

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

Insider Transactions at Resources Connection

In other Resources Connection news, COO Bhadreskumar Patel acquired 9,900 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average cost of $5.05 per share, with a total value of $49,995.00. Following the acquisition, the chief operating officer now directly owns 131,099 shares of the company's stock, valued at $662,049.95. This represents a 8.17% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roger D. Carlile bought 25,000 shares of the business's stock in a transaction on Friday, April 4th. The stock was purchased at an average price of $5.06 per share, with a total value of $126,500.00. Following the completion of the transaction, the director now directly owns 50,000 shares of the company's stock, valued at $253,000. This trade represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 54,900 shares of company stock worth $279,295. 3.39% of the stock is currently owned by corporate insiders.

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.