Dynamic Technology Lab Private Ltd Takes $1.04 Million Position in Resources Connection, Inc. (NASDAQ:RGP)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Resources Connection, Inc. (NASDAQ:RGP - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 107,561 shares of the company's stock, valued at approximately $1,043,000. Dynamic Technology Lab Private Ltd owned about 0.32% of Resources Connection as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of RGP. Nisa Investment Advisors LLC lifted its stake in shares of Resources Connection by 66.4% in the second quarter. Nisa Investment Advisors LLC now owns 2,554 shares of the company's stock worth $28,000 after acquiring an additional 1,019 shares during the period. CWM LLC raised its holdings in Resources Connection by 883.5% during the 2nd quarter. CWM LLC now owns 3,393 shares of the company's stock worth $37,000 after purchasing an additional 3,048 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Resources Connection in the 2nd quarter worth approximately $44,000. Point72 DIFC Ltd bought a new stake in shares of Resources Connection in the 2nd quarter valued at $59,000. Finally, nVerses Capital LLC acquired a new stake in shares of Resources Connection during the third quarter worth $60,000. Institutional investors and hedge funds own 93.23% of the company's stock.

Resources Connection Stock Down 0.6 %

RGP stock opened at $8.44 on Wednesday. The firm has a market cap of $282.49 million, a price-to-earnings ratio of 23.44, a PEG ratio of 3.43 and a beta of 0.67. The company's fifty day simple moving average is $8.65 and its 200 day simple moving average is $9.96. Resources Connection, Inc. has a 12-month low of $7.90 and a 12-month high of $14.63.

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

Resources Connection Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 6.64%. The ex-dividend date of this dividend is Friday, November 15th. Resources Connection's dividend payout ratio (DPR) is 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.