Resources Connection, Inc. (NASDAQ:RGP) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,814,104 shares of the company's stock after selling 86,380 shares during the quarter. Dimensional Fund Advisors LP owned about 5.48% of Resources Connection worth $15,474,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position 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 worth $44,000 after purchasing an additional 4,908 shares in the last quarter. SG Americas Securities LLC purchased a new position in Resources Connection in the 4th quarter valued at about $148,000. Sanctuary Advisors LLC boosted its holdings in Resources Connection by 45.6% in the 4th quarter. Sanctuary Advisors LLC now owns 17,329 shares of the company's stock worth $148,000 after buying an additional 5,430 shares during the last quarter. Wells Fargo & Company MN increased its stake in Resources Connection by 32.0% during the 4th quarter. Wells Fargo & Company MN now owns 19,784 shares of the company's stock worth $169,000 after buying an additional 4,796 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in shares of Resources Connection by 20.6% during the fourth quarter. Atria Investments Inc now owns 21,379 shares of the company's stock valued at $182,000 after acquiring an additional 3,656 shares during the last quarter. Institutional investors and hedge funds own 93.23% of the company's stock.

Resources Connection Price Performance

Shares of NASDAQ:RGP traded down $0.06 during midday trading on Wednesday, hitting $5.47. The company had a trading volume of 76,635 shares, compared to its average volume of 403,837. The business's 50-day simple moving average is $5.97 and its 200-day simple moving average is $7.49. The stock has a market cap of $180.82 million, a price-to-earnings ratio of -2.93 and a beta of 0.68. Resources Connection, Inc. has a twelve month low of $4.81 and a twelve month high of $12.19.

Insider Activity

In related news, Director David P. White sold 5,204 shares of the company's 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 sale, the director now directly owns 24,331 shares in the company, valued at approximately $127,981.06. This represents a 17.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kate W. Duchene acquired 20,000 shares of Resources Connection stock in a transaction dated Friday, April 4th. The stock was purchased at an average price of $5.14 per share, for a total transaction of $102,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 571,451 shares in the company, valued at approximately $2,937,258.14. This represents a 3.63% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 54,900 shares of company stock valued at $279,295. 3.39% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their target price 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 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.