Jump Financial LLC Acquires 22,189 Shares of Resources Connection, Inc. (NASDAQ:RGP)

Jump Financial LLC increased its holdings in Resources Connection, Inc. (NASDAQ:RGP) by 96.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,189 shares of the company’s stock after buying an additional 22,189 shares during the period. Jump Financial LLC owned 0.14% of Resources Connection worth $385,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of RGP. Atria Investments Inc boosted 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 during the period. Rhumbline Advisers lifted its holdings in Resources Connection by 2.8% during the 4th quarter. Rhumbline Advisers now owns 51,444 shares of the company’s stock worth $439,000 after purchasing an additional 1,387 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in Resources Connection by 45.6% in the 4th quarter. Sanctuary Advisors LLC now owns 17,329 shares of the company’s stock worth $148,000 after purchasing an additional 5,430 shares during the period. Barclays PLC grew its holdings in Resources Connection by 194.4% during the 3rd quarter. Barclays PLC now owns 48,280 shares of the company’s stock valued at $468,000 after buying an additional 31,879 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Resources Connection by 9.1% during the fourth quarter. American Century Companies Inc. now owns 70,669 shares of the company’s stock valued at $603,000 after buying an additional 5,889 shares during the period. 93.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 note on Thursday, April 3rd.

Resources Connection Stock Down 0.2 %

Resources Connection stock opened at $5.50 on Friday. The stock has a market cap of $181.88 million, a price-to-earnings ratio of -2.96 and a beta of 0.60. The business has a 50-day simple moving average of $6.38 and a 200 day simple moving average of $7.72. Resources Connection, Inc. has a 52 week low of $4.81 and a 52 week high of $12.19.

Insider Activity

In other news, Director Roger D. Carlile purchased 25,000 shares of the company’s stock in a transaction on Friday, April 4th. The stock was purchased at an average price of $5.06 per share, with a total value of $126,500.00. Following the completion of the purchase, the director now directly owns 50,000 shares in the company, valued at approximately $253,000. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Bhadreskumar Patel acquired 9,900 shares of Resources Connection stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 131,099 shares in the company, valued at approximately $662,049.95. The trade was a 8.17 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 54,900 shares of company stock worth $279,295. 3.39% of the stock is currently owned by insiders.

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.