Resources Connection, Inc. (NASDAQ:RGP) Shares Bought by Walleye Capital LLC

Walleye Capital LLC boosted its holdings in Resources Connection, Inc. (NASDAQ:RGP) by 22.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 239,693 shares of the company’s stock after purchasing an additional 44,382 shares during the quarter. Walleye Capital LLC’s holdings in Resources Connection were worth $2,045,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Rhumbline Advisers boosted its holdings in Resources Connection by 2.8% in the 4th quarter. Rhumbline Advisers now owns 51,444 shares of the company’s stock worth $439,000 after acquiring an additional 1,387 shares during the period. LPL Financial LLC increased its position in shares of Resources Connection by 6.2% in the 4th quarter. LPL Financial LLC now owns 48,762 shares of the company’s stock worth $416,000 after purchasing an additional 2,837 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Resources Connection by 9.5% in the fourth quarter. Victory Capital Management Inc. now owns 40,399 shares of the company’s stock valued at $345,000 after buying an additional 3,497 shares during the last quarter. Atria Investments Inc raised its position in shares of Resources Connection by 20.6% during the 4th 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 in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Resources Connection by 7.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,957 shares of the company’s stock worth $514,000 after buying an additional 3,665 shares during the last quarter. Institutional investors and hedge funds own 93.23% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In related news, COO Bhadreskumar Patel acquired 9,900 shares of the business’s stock in a transaction on Monday, April 7th. The shares were purchased at an average price of $5.05 per share, for a total transaction of $49,995.00. Following the acquisition, the chief operating officer now owns 131,099 shares in the company, valued at approximately $662,049.95. This represents a 8.17 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roger D. Carlile purchased 25,000 shares of the business’s stock in a transaction dated 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 acquisition, 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. Insiders purchased 54,900 shares of company stock worth $279,295 over the last three months. Corporate insiders own 3.39% of the company’s stock.

Resources Connection Stock Performance

Shares of RGP opened at $5.29 on Friday. Resources Connection, Inc. has a one year low of $4.81 and a one year high of $12.19. The firm has a market capitalization of $174.94 million, a price-to-earnings ratio of -2.84 and a beta of 0.60. The stock’s fifty day moving average is $6.64 and its 200-day moving average is $7.82.

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.