Centiva Capital LP Makes New $299,000 Investment in Resources Connection, Inc. (NASDAQ:RGP)

Centiva Capital LP bought a new position in Resources Connection, Inc. (NASDAQ:RGP) in the third quarter, Holdings Channel reports. The firm bought 30,775 shares of the company’s stock, valued at approximately $299,000.

A number of other large investors have also bought and sold shares of RGP. Nisa Investment Advisors LLC boosted its holdings in shares of Resources Connection by 66.4% in the second quarter. Nisa Investment Advisors LLC now owns 2,554 shares of the company’s stock worth $28,000 after acquiring an additional 1,019 shares during the period. CWM LLC boosted its holdings in shares of Resources Connection by 883.5% in the second quarter. CWM LLC now owns 3,393 shares of the company’s stock worth $37,000 after acquiring an additional 3,048 shares during the period. Point72 DIFC Ltd bought a new position in shares of Resources Connection in the second quarter worth $59,000. nVerses Capital LLC bought a new position in shares of Resources Connection in the third quarter worth $60,000. Finally, Intech Investment Management LLC bought a new position in shares of Resources Connection in the third quarter worth $106,000. 93.23% of the stock is owned by hedge funds and other institutional investors.

Resources Connection Stock Performance

NASDAQ:RGP opened at $8.75 on Wednesday. The firm has a market capitalization of $292.87 million, a price-to-earnings ratio of 23.81, a P/E/G ratio of 3.46 and a beta of 0.68. Resources Connection, Inc. has a 52-week low of $7.90 and a 52-week high of $14.63. The stock has a fifty day moving average of $8.44 and a 200 day moving average of $9.77.

Resources Connection (NASDAQ:RGP) last posted its quarterly earnings data on Tuesday, October 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.21). The business had revenue of $136.94 million for the quarter, compared to the consensus estimate of $137.82 million. Resources Connection had a net margin of 2.04% and a return on equity of 3.69%. Resources Connection’s quarterly revenue was down 19.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS. Equities analysts forecast that Resources Connection, Inc. will post 0.16 earnings per share for the current fiscal year.

Resources Connection Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 6.40%. The ex-dividend date is Friday, November 15th. Resources Connection’s dividend payout ratio is 155.56%.

About Resources Connection

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.