Jane Street Group LLC Sells 153,574 Shares of Resources Connection, Inc. (NASDAQ:RGP)

Jane Street Group LLC decreased its position in shares of Resources Connection, Inc. (NASDAQ:RGP) by 48.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 160,575 shares of the company’s stock after selling 153,574 shares during the period. Jane Street Group LLC’s holdings in Resources Connection were worth $1,558,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 DIFC Ltd bought a new position in Resources Connection in the second quarter valued at approximately $59,000. nVerses Capital LLC acquired a new position in shares of Resources Connection in the 3rd quarter valued at $60,000. Quarry LP bought a new position in shares of Resources Connection in the 3rd quarter worth $95,000. DRW Securities LLC bought a new position in Resources Connection during the 2nd quarter worth approximately $111,000. Finally, Intech Investment Management LLC bought a new stake in Resources Connection during the 3rd quarter worth approximately $106,000. 93.23% of the stock is owned by institutional investors and hedge funds.

Resources Connection Trading Up 3.0 %

RGP stock opened at $8.36 on Friday. The stock has a market cap of $279.82 million, a PE ratio of 23.22, a price-to-earnings-growth ratio of 3.48 and a beta of 0.68. The stock has a 50-day moving average price of $8.41 and a two-hundred day moving average price of $9.54. Resources Connection, Inc. has a 1 year low of $7.90 and a 1 year high of $14.50.

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

Resources Connection Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 6.70%. The ex-dividend date of this dividend was Friday, November 15th. Resources Connection’s payout ratio is 155.56%.

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.