Vanguard Group Inc. Has $15.92 Million Stake in Resources Connection, Inc. (NASDAQ:RGP)

Vanguard Group Inc. lessened its holdings in Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,866,734 shares of the company's stock after selling 132,088 shares during the quarter. Vanguard Group Inc. owned approximately 5.64% of Resources Connection worth $15,923,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Atria Investments Inc lifted its stake in Resources Connection by 20.6% in the fourth quarter. Atria Investments Inc now owns 21,379 shares of the company's stock valued at $182,000 after buying an additional 3,656 shares during the last quarter. Rhumbline Advisers lifted its stake in Resources Connection by 2.8% in the fourth quarter. Rhumbline Advisers now owns 51,444 shares of the company's stock valued at $439,000 after buying an additional 1,387 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Resources Connection by 45.6% in the fourth quarter. Sanctuary Advisors LLC now owns 17,329 shares of the company's stock valued at $148,000 after buying an additional 5,430 shares during the last quarter. Barclays PLC raised its stake in shares of Resources Connection by 194.4% during the third quarter. Barclays PLC now owns 48,280 shares of the company's stock valued at $468,000 after purchasing an additional 31,879 shares in the last quarter. Finally, FMR LLC lifted its holdings in Resources Connection by 403.4% in the third quarter. FMR LLC now owns 17,408 shares of the company's stock worth $169,000 after purchasing an additional 13,950 shares during the period. Institutional investors and hedge funds own 93.23% of the company's stock.

Resources Connection Price Performance

Shares of NASDAQ RGP traded down $0.01 during mid-day trading on Wednesday, reaching $5.45. 27,399 shares of the company traded hands, compared to its average volume of 407,225. Resources Connection, Inc. has a fifty-two week low of $4.81 and a fifty-two week high of $12.19. The firm has a market cap of $180.23 million, a PE ratio of -2.93 and a beta of 0.60. The stock has a fifty day simple moving average of $6.53 and a 200-day simple moving average of $7.77.

Analyst Ratings Changes

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 report on Thursday, April 3rd.

Insider Activity at Resources Connection

In other Resources Connection news, Director Roger D. Carlile purchased 25,000 shares of the firm's stock in a transaction on Friday, April 4th. The shares were purchased at an average price of $5.06 per share, for a total transaction of $126,500.00. Following the completion of the transaction, the director now owns 50,000 shares in the company, valued at $253,000. This represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David P. White sold 5,204 shares of Resources Connection stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $5.26, for a total transaction of $27,373.04. Following the completion of the transaction, the director now owns 24,331 shares in the company, valued at approximately $127,981.06. This trade represents a 17.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have purchased 54,900 shares of company stock worth $279,295 over the last quarter. 3.39% of the stock is currently owned by company insiders.

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.