Horrell Capital Management Inc. Grows Holdings in Resources Connection, Inc. (NASDAQ:RGP)

Horrell Capital Management Inc. grew its stake in Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 30.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,060,000 shares of the company's stock after purchasing an additional 245,000 shares during the quarter. Resources Connection makes up about 2.6% of Horrell Capital Management Inc.'s holdings, making the stock its 9th largest position. Horrell Capital Management Inc. owned approximately 3.20% of Resources Connection worth $9,042,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its position in shares of Resources Connection by 2,171.7% during the fourth 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 increased its stake in shares of Resources Connection by 32.5% in 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 bought a new position in shares of Resources Connection during the third quarter valued at about $95,000. Intech Investment Management LLC purchased a new position in Resources Connection during the 3rd quarter valued at $106,000. Finally, Sanctuary Advisors LLC bought a new stake in Resources Connection during the 3rd quarter valued at approximately $115,000. 93.23% of the stock is owned by institutional investors.

Resources Connection Stock Down 2.8 %

Shares of NASDAQ:RGP traded down $0.19 during midday trading on Friday, reaching $6.56. The company's stock had a trading volume of 185,508 shares, compared to its average volume of 404,704. Resources Connection, Inc. has a 12-month low of $6.50 and a 12-month high of $13.29. The firm has a 50 day moving average of $7.61 and a 200-day moving average of $8.30. The firm has a market capitalization of $217.08 million, a P/E ratio of -3.53 and a beta of 0.61.

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Resources Connection Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 8.54%. The ex-dividend date of this dividend was Friday, February 14th. Resources Connection's dividend payout ratio (DPR) is presently -30.11%.

Resources Connection 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.