Brandes Investment Partners LP raised its holdings in shares of Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 397,095 shares of the company's stock after purchasing an additional 45,864 shares during the period. Brandes Investment Partners LP owned 1.20% of Resources Connection worth $3,387,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its position 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 worth $44,000 after purchasing an additional 4,908 shares during the last quarter. Point72 DIFC Ltd lifted its stake in shares of Resources Connection by 32.5% during the third 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 purchased a new stake in shares of Resources Connection during the third quarter valued at $95,000. Intech Investment Management LLC acquired a new position in shares of Resources Connection in the 3rd quarter valued at $106,000. Finally, Sanctuary Advisors LLC purchased a new position in Resources Connection in the 3rd quarter worth $115,000. Institutional investors and hedge funds own 93.23% of the company's stock.
Resources Connection Price Performance
Resources Connection stock traded up $0.01 during trading hours on Thursday, hitting $6.85. 159,014 shares of the stock traded hands, compared to its average volume of 395,960. The firm's 50 day moving average price is $7.86 and its 200-day moving average price is $8.44. The stock has a market capitalization of $226.67 million, a price-to-earnings ratio of -3.68 and a beta of 0.61. Resources Connection, Inc. has a 1 year low of $6.71 and a 1 year high of $13.30.
Resources Connection Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.14 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.56 annualized dividend and a yield of 8.18%. Resources Connection's dividend payout ratio (DPR) is presently -30.11%.
Resources Connection Profile
(
Free Report)
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.
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