Resources Connection, Inc. (NASDAQ:RGP) Director David P. White Sells 5,204 Shares

Resources Connection, Inc. (NASDAQ:RGP) Director David P. White sold 5,204 shares of the company’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 value of $27,373.04. Following the completion of the transaction, the director now directly owns 24,331 shares of the company’s stock, valued at $127,981.06. This represents a 17.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Resources Connection Stock Up 1.9 %

Shares of NASDAQ:RGP opened at $5.46 on Wednesday. The firm has a market cap of $180.56 million, a P/E ratio of -2.94 and a beta of 0.60. Resources Connection, Inc. has a 12-month low of $4.81 and a 12-month high of $12.19. The business has a fifty day simple moving average of $6.53 and a 200 day simple moving average of $7.77.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Resources Connection

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in Resources Connection by 3,712.9% in the first quarter. GAMMA Investing LLC now owns 4,728 shares of the company’s stock valued at $31,000 after acquiring an additional 4,604 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Resources Connection by 2,171.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,134 shares of the company’s stock valued at $44,000 after purchasing an additional 4,908 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Resources Connection in the 1st quarter valued at $82,000. Capital Investment Advisors LLC acquired a new stake in shares of Resources Connection during the first quarter worth $90,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Resources Connection by 17.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,249 shares of the company’s stock worth $105,000 after buying an additional 1,863 shares during the last quarter. 93.23% of the stock is currently owned by institutional investors.

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.