Resources Connection, Inc. (NASDAQ:RGP) Stock Position Raised by Brandes Investment Partners LP

Brandes Investment Partners LP lifted its stake in shares of Resources Connection, Inc. (NASDAQ:RGP) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 397,095 shares of the company’s stock after acquiring an additional 45,864 shares during the quarter. Brandes Investment Partners LP’s holdings in Resources Connection were worth $3,387,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Rhumbline Advisers boosted its position in shares of Resources Connection by 2.8% in the fourth quarter. Rhumbline Advisers now owns 51,444 shares of the company’s stock worth $439,000 after buying an additional 1,387 shares during the period. Atria Investments Inc boosted its position in shares of 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 buying an additional 1,547 shares during the period. Point72 DIFC Ltd boosted its position in shares of Resources Connection by 32.5% in the third quarter. Point72 DIFC Ltd now owns 7,074 shares of the company’s stock worth $69,000 after buying an additional 1,735 shares during the period. Victory Capital Management Inc. boosted its position in shares of Resources Connection by 9.5% in the fourth quarter. Victory Capital Management Inc. now owns 40,399 shares of the company’s stock worth $345,000 after buying an additional 3,497 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Resources Connection by 7.4% in the third quarter. Public Employees Retirement System of Ohio now owns 52,957 shares of the company’s stock worth $514,000 after buying an additional 3,665 shares during the period. 93.23% of the stock is owned by institutional investors.

Resources Connection Stock Up 2.2 %

Shares of Resources Connection stock opened at $6.89 on Friday. The stock has a market cap of $228.00 million, a PE ratio of -3.70 and a beta of 0.61. The business has a fifty day simple moving average of $7.97 and a 200-day simple moving average of $8.51. Resources Connection, Inc. has a 12 month low of $6.71 and a 12 month high of $13.48.

Resources Connection Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a $0.14 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.56 annualized dividend and a dividend yield of 8.13%. Resources Connection’s dividend payout ratio (DPR) is presently -30.11%.

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.