Jane Street Group LLC Sells 153,574 Shares of Resources Connection, Inc. (NASDAQ:RGP)

Jane Street Group LLC reduced its position in shares of Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 48.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 160,575 shares of the company's stock after selling 153,574 shares during the quarter. Jane Street Group LLC owned approximately 0.48% of Resources Connection worth $1,558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new stake in Resources Connection in the second quarter worth $59,000. nVerses Capital LLC purchased a new stake in shares of Resources Connection in the 3rd quarter worth about $60,000. Quarry LP purchased a new stake in shares of Resources Connection in the 3rd quarter worth about $95,000. DRW Securities LLC bought a new stake in shares of Resources Connection during the 2nd quarter valued at about $111,000. Finally, Intech Investment Management LLC purchased a new position in shares of Resources Connection during the third quarter valued at about $106,000. 93.23% of the stock is currently owned by institutional investors.

Resources Connection Price Performance

RGP stock traded up $0.05 during trading on Friday, reaching $8.41. The company had a trading volume of 294,281 shares, compared to its average volume of 436,716. Resources Connection, Inc. has a 52 week low of $7.90 and a 52 week high of $14.50. The business has a 50 day moving average of $8.41 and a 200 day moving average of $9.52. The company has a market cap of $281.49 million, a P/E ratio of 23.36, a PEG ratio of 3.48 and a beta of 0.68.

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

Resources Connection Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.56 annualized dividend and a dividend yield of 6.66%. Resources Connection's payout ratio is 155.56%.

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.