Royce & Associates Amends RGP Stake, Files 13G/A
Ticker: RGP · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1084765
| Field | Detail |
|---|---|
| Company | Resources Connection, Inc. (RGP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, portfolio-change
Related Tickers: RGP
TL;DR
**Royce & Associates just updated their RGP holdings, signaling a portfolio adjustment.**
AI Summary
Royce & Associates, LP, an investment firm, filed an amended Schedule 13G/A on January 24, 2024, indicating a change in their ownership of Resources Connection, Inc. (RGP) common stock as of December 31, 2023. This filing, Amendment No. 7, updates their previous disclosures. For investors, this matters because it shows a significant institutional investor is adjusting its position, which could signal a shift in their outlook on RGP's future performance or valuation.
Why It Matters
This filing reveals that a major institutional investor, Royce & Associates, LP, has changed its ownership percentage in Resources Connection, Inc., which can influence market perception and potentially the stock price.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of ownership changes by an institutional investor and does not inherently present a high risk.
Analyst Insight
An investor should note that Royce & Associates, LP, a significant institutional holder, has adjusted its position in Resources Connection, Inc. (RGP). While this filing doesn't disclose the exact change in shares or percentage, it signals a re-evaluation by a major player. Smart investors would look for the specific share count and percentage ownership on the subsequent pages of the full filing to understand the magnitude of the change and consider if it aligns with their own investment thesis for RGP.
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- Resources Connection, Inc. (company) — the subject company (issuer) whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 7 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under Rule 13d-102 of the Securities Exchange Act of 1934.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is Royce & Associates, LP, with an S.S. or I.R.S. Identification No. of 52-2343049 and organized in New York.
What is the 'Name of Issuer' for the securities being reported?
The 'Name of Issuer' is Resources Connection, Inc., with the CUSIP Number 76122Q105.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
What is the business address of the Reporting Person, Royce & Associates, LP?
The business address of Royce & Associates, LP is 745 Fifth Avenue, New York, NY 10151, with a business phone of 212-508-4500.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding RESOURCES CONNECTION, INC. (RGP).