Resources Connection, Inc. (NASDAQ:RGP) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its holdings in Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 25.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,355 shares of the company's stock after selling 30,932 shares during the period. JPMorgan Chase & Co. owned about 0.26% of Resources Connection worth $857,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Millennium Management LLC grew its holdings in shares of Resources Connection by 438.5% during the second 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. Brandes Investment Partners LP purchased a new stake in Resources Connection in the second quarter valued at approximately $2,590,000. Walleye Capital LLC purchased a new stake in Resources Connection in the third quarter valued at approximately $1,895,000. Cubist Systematic Strategies LLC increased its holdings 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 acquiring an additional 187,607 shares during the period. Finally, Tieton Capital Management LLC raised its position in Resources Connection by 43.4% in the 3rd quarter. Tieton Capital Management LLC now owns 578,086 shares of the company's stock valued at $5,607,000 after purchasing an additional 174,836 shares during the last quarter. 93.23% of the stock is owned by hedge funds and other institutional investors.

Resources Connection Stock Up 1.2 %

NASDAQ:RGP traded up $0.10 during trading hours on Friday, reaching $8.62. 256,299 shares of the company's stock were exchanged, compared to its average volume of 402,785. Resources Connection, Inc. has a 1-year low of $7.90 and a 1-year high of $14.29. The firm has a market capitalization of $285.24 million, a price-to-earnings ratio of -4.63 and a beta of 0.66. The company has a 50-day moving average of $8.48 and a 200 day moving average of $9.23.

Resources Connection Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given 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 yield of 6.50%. Resources Connection's payout ratio 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.