AlphaQuest LLC Sells 93,755 Shares of Resources Connection, Inc. (NASDAQ:RGP)

AlphaQuest LLC lowered its position in shares of Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 89.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,376 shares of the company's stock after selling 93,755 shares during the period. AlphaQuest LLC's holdings in Resources Connection were worth $97,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Walleye Capital LLC purchased a new position in Resources Connection in the 3rd quarter worth approximately $1,895,000. Tieton Capital Management LLC grew its stake in Resources Connection by 43.4% in the 3rd quarter. Tieton Capital Management LLC now owns 578,086 shares of the company's stock worth $5,607,000 after buying an additional 174,836 shares in the last quarter. Circumference Group LLC grew its stake in Resources Connection by 16.4% in the 3rd quarter. Circumference Group LLC now owns 815,000 shares of the company's stock worth $7,906,000 after buying an additional 115,000 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Resources Connection in the 3rd quarter worth approximately $1,043,000. Finally, Quest Partners LLC grew its stake in Resources Connection by 35,178.9% in the 3rd quarter. Quest Partners LLC now owns 105,131 shares of the company's stock worth $1,020,000 after buying an additional 104,833 shares in the last quarter. Hedge funds and other institutional investors own 93.23% of the company's stock.

Resources Connection Stock Down 1.2 %

Shares of Resources Connection stock traded down $0.08 during trading on Friday, reaching $6.77. The company's stock had a trading volume of 520,474 shares, compared to its average volume of 396,057. Resources Connection, Inc. has a 52-week low of $6.71 and a 52-week high of $13.30. The company has a market cap of $224.03 million, a price-to-earnings ratio of -3.64 and a beta of 0.61. The firm's 50-day moving average is $7.79 and its two-hundred day moving average is $8.41.

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Resources Connection Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.14 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.27%. Resources Connection's dividend payout ratio (DPR) is -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.