Walleye Capital LLC Acquires New Position in Resources Connection, Inc. (NASDAQ:RGP)

Walleye Capital LLC acquired a new stake in Resources Connection, Inc. (NASDAQ:RGP - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 195,311 shares of the company's stock, valued at approximately $1,895,000. Walleye Capital LLC owned 0.58% of Resources Connection at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Millennium Management LLC lifted its stake in shares of Resources Connection by 438.5% during the 2nd quarter. Millennium Management LLC now owns 537,743 shares of the company's stock worth $5,937,000 after buying an additional 437,878 shares during the last quarter. Tieton Capital Management LLC bought a new position in shares of Resources Connection during the second quarter worth approximately $4,452,000. Brandes Investment Partners LP acquired a new stake in Resources Connection during the 2nd quarter worth approximately $2,590,000. Deprince Race & Zollo Inc. bought a new stake in Resources Connection in the 2nd quarter valued at $2,522,000. Finally, Cubist Systematic Strategies LLC grew its holdings in Resources Connection by 72,156.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 187,867 shares of the company's stock valued at $2,074,000 after buying an additional 187,607 shares in the last quarter. 93.23% of the stock is owned by institutional investors.

Resources Connection Stock Up 0.9 %

Shares of RGP traded up $0.08 during midday trading on Thursday, reaching $8.56. 106,793 shares of the stock were exchanged, compared to its average volume of 440,882. The stock's 50 day simple moving average is $8.50 and its 200 day simple moving average is $9.84. The company has a market cap of $286.50 million, a P/E ratio of 23.58, a PEG ratio of 3.40 and a beta of 0.68. Resources Connection, Inc. has a twelve month low of $7.90 and a twelve month high of $14.63.

Resources Connection (NASDAQ:RGP - Get Free Report) last issued its quarterly earnings data on Tuesday, October 1st. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.21). Resources Connection had a return on equity of 3.69% and a net margin of 2.04%. The business had revenue of $136.94 million during the quarter, compared to analyst estimates of $137.82 million. During the same quarter last year, the firm earned $0.14 EPS. Resources Connection's revenue for the quarter was down 19.5% compared to the same quarter last year. As a group, analysts predict that Resources Connection, Inc. will post 0.16 earnings per share for the current year.

Resources Connection Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, November 15th. This represents a $0.56 dividend on an annualized basis and a yield of 6.54%. Resources Connection's dividend payout ratio (DPR) is presently 155.56%.

Resources Connection 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.