New York State Common Retirement Fund Sells 142,889 Shares of Resources Connection, Inc. (NASDAQ:RGP)

New York State Common Retirement Fund lowered its holdings in Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 95.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,774 shares of the company's stock after selling 142,889 shares during the period. New York State Common Retirement Fund's holdings in Resources Connection were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its holdings in Resources Connection by 2,171.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,134 shares of the company's stock valued at $44,000 after purchasing an additional 4,908 shares during the last quarter. Point72 DIFC Ltd increased its position in Resources Connection by 32.5% during the 3rd quarter. Point72 DIFC Ltd now owns 7,074 shares of the company's stock worth $69,000 after buying an additional 1,735 shares during the period. Quarry LP acquired a new stake in shares of Resources Connection during the third quarter worth $95,000. Intech Investment Management LLC bought a new stake in shares of Resources Connection in the third quarter valued at about $106,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Resources Connection in the third quarter valued at about $115,000. Institutional investors own 93.23% of the company's stock.

Resources Connection Stock Performance

NASDAQ:RGP traded down $0.21 during mid-day trading on Monday, reaching $7.07. 243,880 shares of the company's stock were exchanged, compared to its average volume of 323,568. The firm has a market capitalization of $233.95 million, a PE ratio of -3.80 and a beta of 0.61. Resources Connection, Inc. has a one year low of $6.94 and a one year high of $13.98. The business's fifty day simple moving average is $8.15 and its two-hundred day simple moving average is $8.62.

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Resources Connection Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 7.92%. The ex-dividend date of this dividend is Friday, February 14th. Resources Connection's dividend payout ratio is currently -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.