Resources Connection, Inc. (NASDAQ:RGP) Director Sells $27,373.04 in Stock

Resources Connection, Inc. (NASDAQ:RGP - Get Free Report) Director David P. White sold 5,204 shares of the business's stock in a transaction 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 transaction, the director now directly owns 24,331 shares in the company, valued at $127,981.06. This trade represents a 17.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Resources Connection Stock Up 1.9 %

NASDAQ RGP traded up $0.10 on Tuesday, reaching $5.46. The stock had a trading volume of 251,593 shares, compared to its average volume of 408,142. Resources Connection, Inc. has a 12-month low of $4.81 and a 12-month high of $12.19. The stock has a fifty day moving average price of $6.58 and a two-hundred day moving average price of $7.79. The firm has a market capitalization of $180.56 million, a price-to-earnings ratio of -2.94 and a beta of 0.60.

Hedge Funds Weigh In On Resources Connection

Several institutional investors have recently bought and sold shares of the company. Deprince Race & Zollo Inc. grew its holdings in shares of Resources Connection by 38.7% in the fourth quarter. Deprince Race & Zollo Inc. now owns 963,619 shares of the company's stock valued at $8,220,000 after purchasing an additional 268,954 shares in the last quarter. Tieton Capital Management LLC grew its stake in shares of Resources Connection by 42.4% in the fourth quarter. Tieton Capital Management LLC now owns 823,108 shares of the company's stock worth $7,021,000 after acquiring an additional 245,022 shares in the last quarter. Horrell Capital Management Inc. increased its position in shares of Resources Connection by 30.1% during the fourth quarter. Horrell Capital Management Inc. now owns 1,060,000 shares of the company's stock worth $9,042,000 after acquiring an additional 245,000 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Resources Connection by 196.2% in the fourth quarter. JPMorgan Chase & Co. now owns 261,688 shares of the company's stock valued at $2,232,000 after acquiring an additional 173,333 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Resources Connection by 23.1% during the 4th quarter. Russell Investments Group Ltd. now owns 832,786 shares of the company's stock worth $7,104,000 after purchasing an additional 156,280 shares in the last quarter. 93.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced 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.

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.

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