Bridgeway Capital Management LLC Purchases 48,808 Shares of Resources Connection, Inc. (NASDAQ:RGP)

Bridgeway Capital Management LLC grew its holdings in Resources Connection, Inc. (NASDAQ:RGP) by 17.5% during the 4th quarter, Holdings Channel reports. The firm owned 327,738 shares of the company’s stock after purchasing an additional 48,808 shares during the period. Bridgeway Capital Management LLC’s holdings in Resources Connection were worth $2,796,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Atria Investments Inc increased its holdings in shares of Resources Connection by 20.6% in the fourth quarter. Atria Investments Inc now owns 21,379 shares of the company’s stock worth $182,000 after acquiring an additional 3,656 shares in the last quarter. Rhumbline Advisers increased its position in shares of 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 acquiring an additional 1,387 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Resources Connection by 45.6% in the 4th 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 holdings in shares of Resources Connection by 194.4% in the 3rd quarter. Barclays PLC now owns 48,280 shares of the company’s stock valued at $468,000 after purchasing an additional 31,879 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Resources Connection by 196.2% during the fourth quarter. JPMorgan Chase & Co. now owns 261,688 shares of the company’s stock worth $2,232,000 after buying an additional 173,333 shares during the last quarter. Institutional investors and hedge funds own 93.23% of the company’s stock.

Insider Buying and Selling at Resources Connection

In other news, CEO Kate W. Duchene bought 20,000 shares of the firm’s stock in a transaction on Friday, April 4th. The shares were purchased at an average cost of $5.14 per share, with a total value of $102,800.00. Following the acquisition, the chief executive officer now directly owns 571,451 shares in the company, valued at $2,937,258.14. This represents a 3.63 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David P. White sold 5,204 shares of the business’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 transaction, the director now owns 24,331 shares of the company’s stock, valued at approximately $127,981.06. This represents a 17.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have bought a total of 54,900 shares of company stock valued at $279,295 in the last ninety days. 3.39% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Resources Connection Trading Up 4.0 %

Resources Connection stock opened at $5.63 on Friday. The company has a market capitalization of $186.01 million, a price-to-earnings ratio of -3.02 and a beta of 0.68. Resources Connection, Inc. has a 12 month low of $4.81 and a 12 month high of $12.19. The stock’s 50 day moving average is $6.07 and its 200-day moving average is $7.55.

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.