BlackRock Amends RGP Stake, Updates Passive Investment Disclosure
Ticker: RGP · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1084765
| Field | Detail |
|---|---|
| Company | Resources Connection, Inc. (RGP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: RGP
TL;DR
**BlackRock updated its RGP ownership, signaling a passive investment change.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 22, 2024, indicating a change in its ownership of Resources Connection, Inc. (RGP) common stock as of December 31, 2023. This amendment, number 3, updates their previous disclosures regarding their passive investment in RGP. For investors, this matters because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or strategy regarding RGP's future performance.
Why It Matters
Changes in large institutional holdings like BlackRock's can influence market sentiment and potentially impact the stock price of Resources Connection, Inc. (RGP).
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate or significant risk.
Analyst Insight
An investor should note BlackRock's continued passive involvement in Resources Connection, Inc. (RGP) and monitor future filings for any significant changes in their ownership percentage or investment intent, which could signal a shift from passive to active investment.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Resources Connection, Inc. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- 76122Q105 (other) — the CUSIP number for Resources Connection Inc. Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 3' in the filing.
Who is the subject company of this filing?
The subject company is RESOURCES CONNECTION, INC., with a Central Index Key (CIK) of 0001084765, as stated under 'SUBJECT COMPANY: COMPANY DATA:'.
Who is the entity that filed this SC 13G/A?
The entity that filed this SC 13G/A is BlackRock Inc., with a Central Index Key (CIK) of 0001364742, as stated under 'FILED BY: COMPANY DATA:'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page of the Schedule 13G.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)' on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding RESOURCES CONNECTION, INC. (RGP).