Charles Schwab Investment Management Inc. Has $3.15 Million Stake in Resources Connection, Inc. (NASDAQ:RGP)

Charles Schwab Investment Management Inc. reduced its stake in Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 369,805 shares of the company's stock after selling 67,156 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.12% of Resources Connection worth $3,154,000 as of its most recent filing with the Securities and Exchange Commission.

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

Resources Connection Stock Down 0.3 %

Shares of RGP stock traded down $0.02 during trading hours on Monday, reaching $6.54. The company's stock had a trading volume of 250,897 shares, compared to its average volume of 404,091. Resources Connection, Inc. has a fifty-two week low of $6.48 and a fifty-two week high of $13.29. The firm's 50 day simple moving average is $7.57 and its 200-day simple moving average is $8.25. The company has a market capitalization of $216.42 million, a price-to-earnings ratio of -3.52 and a beta of 0.61.

Resources Connection Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 8.56%. The ex-dividend date of this dividend was Friday, February 14th. Resources Connection's dividend payout ratio (DPR) is presently -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.