Rhumbline Advisers Buys 1,387 Shares of Resources Connection, Inc. (NASDAQ:RGP)

Rhumbline Advisers grew its holdings in shares of Resources Connection, Inc. (NASDAQ:RGP) by 2.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 51,444 shares of the company’s stock after purchasing an additional 1,387 shares during the period. Rhumbline Advisers’ holdings in Resources Connection were worth $439,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Atria Investments Inc grew its holdings in Resources Connection by 9.6% in the third quarter. Atria Investments Inc now owns 17,723 shares of the company’s stock worth $172,000 after purchasing an additional 1,547 shares during the period. Access Investment Management LLC lifted its position in shares of Resources Connection by 19.0% during the third quarter. Access Investment Management LLC now owns 157,735 shares of the company’s stock valued at $1,530,000 after purchasing an additional 25,180 shares in the last quarter. Aigen Investment Management LP lifted its position in shares of Resources Connection by 99.0% during the third quarter. Aigen Investment Management LP now owns 37,730 shares of the company’s stock valued at $366,000 after purchasing an additional 18,774 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Resources Connection by 170.9% during the third quarter. Victory Capital Management Inc. now owns 36,902 shares of the company’s stock valued at $358,000 after purchasing an additional 23,279 shares in the last quarter. Finally, Empowered Funds LLC raised its position in Resources Connection by 5.3% in the third quarter. Empowered Funds LLC now owns 158,430 shares of the company’s stock worth $1,537,000 after acquiring an additional 8,040 shares during the period. Institutional investors own 93.23% of the company’s stock.

Resources Connection Stock Performance

Shares of RGP stock opened at $7.28 on Friday. The firm has a market cap of $240.90 million, a price-to-earnings ratio of -3.91 and a beta of 0.61. Resources Connection, Inc. has a 52 week low of $6.94 and a 52 week high of $14.20. The firm’s 50-day simple moving average is $8.15 and its two-hundred day simple moving average is $8.63.

Resources Connection Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 7.69%. The ex-dividend date is Friday, February 14th. Resources Connection’s dividend payout ratio is -30.11%.

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.