Bridgeway Capital Management LLC Has $2.80 Million Stock Holdings in Resources Connection, Inc. (NASDAQ:RGP)

Bridgeway Capital Management LLC raised its stake in shares of Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 17.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 327,738 shares of the company's stock after buying an additional 48,808 shares during the period. Bridgeway Capital Management LLC owned about 0.99% of Resources Connection worth $2,796,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RGP. Tieton Capital Management LLC grew its position in 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. lifted its stake in shares of Resources Connection by 30.1% in the 4th quarter. Horrell Capital Management Inc. now owns 1,060,000 shares of the company's stock valued at $9,042,000 after purchasing an additional 245,000 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Resources Connection by 196.2% in the fourth quarter. JPMorgan Chase & Co. now owns 261,688 shares of the company's stock worth $2,232,000 after purchasing an additional 173,333 shares in the last quarter. Russell Investments Group Ltd. increased its position in Resources Connection by 23.1% during the fourth quarter. Russell Investments Group Ltd. now owns 832,786 shares of the company's stock worth $7,104,000 after buying an additional 156,280 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Resources Connection by 58.4% during the fourth quarter. Ameriprise Financial Inc. now owns 343,820 shares of the company's stock valued at $2,933,000 after buying an additional 126,796 shares in the last quarter. 93.23% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Roger D. Carlile acquired 25,000 shares of the stock in a transaction dated Friday, April 4th. The shares were bought at an average cost of $5.06 per share, for a total transaction of $126,500.00. Following the purchase, the director now owns 50,000 shares in the company, valued at approximately $253,000. This trade represents a 100.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David P. White sold 5,204 shares of the business's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $5.26, for a total value of $27,373.04. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have acquired 54,900 shares of company stock worth $279,295 over the last 90 days. Corporate insiders own 3.39% of the company's stock.

Resources Connection Stock Performance

NASDAQ RGP opened at $5.63 on Friday. The stock has a market cap of $186.01 million, a PE ratio of -3.02 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. The firm has a 50-day simple moving average of $6.07 and a 200 day simple moving average of $7.55.

Wall Street Analyst Weigh In

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.

View Our Latest Stock Analysis on RGP

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.

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