Barclays PLC Buys 31,879 Shares of Resources Connection, Inc. (NASDAQ:RGP)

Barclays PLC grew its holdings in Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 194.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,280 shares of the company's stock after purchasing an additional 31,879 shares during the period. Barclays PLC owned approximately 0.14% of Resources Connection worth $468,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Millennium Management LLC grew its position in Resources Connection by 438.5% during the second quarter. Millennium Management LLC now owns 537,743 shares of the company's stock valued at $5,937,000 after purchasing an additional 437,878 shares in the last quarter. Brandes Investment Partners LP acquired a new position in Resources Connection in the 2nd quarter worth about $2,590,000. Deprince Race & Zollo Inc. purchased a new stake in shares of Resources Connection during the 2nd quarter worth about $2,522,000. Walleye Capital LLC acquired a new stake in shares of Resources Connection during the 3rd quarter valued at about $1,895,000. Finally, Cubist Systematic Strategies LLC grew its stake in shares of 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. Institutional investors and hedge funds own 93.23% of the company's stock.

Resources Connection Price Performance

NASDAQ:RGP traded down $0.06 during mid-day trading on Friday, reaching $8.50. The stock had a trading volume of 458,652 shares, compared to its average volume of 412,138. The stock has a market cap of $281.27 million, a P/E ratio of -4.57 and a beta of 0.66. The business's 50 day moving average is $8.49 and its 200 day moving average is $9.30. Resources Connection, Inc. has a fifty-two week low of $7.90 and a fifty-two week high of $14.29.

Resources Connection Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, February 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.59%. Resources Connection's dividend payout ratio is currently -30.11%.

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.