Resources Connection, Inc. (NASDAQ:RGP) Stock Position Raised by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 263.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,903 shares of the company's stock after purchasing an additional 85,472 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.35% of Resources Connection worth $1,144,000 as of its most recent filing with the SEC.

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

Resources Connection Stock Up 2.1 %

NASDAQ RGP traded up $0.18 on Tuesday, hitting $8.75. The stock had a trading volume of 241,433 shares, compared to its average volume of 439,725. Resources Connection, Inc. has a one year low of $7.90 and a one year high of $14.63. The stock has a market cap of $292.87 million, a price-to-earnings ratio of 23.81, a P/E/G ratio of 3.46 and a beta of 0.68. The company's 50-day moving average is $8.44 and its two-hundred day moving average is $9.77.

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

Resources Connection Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 6.40%. The ex-dividend date of this dividend is Friday, November 15th. Resources Connection's dividend payout ratio 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.