Roger D. Carlile Purchases 25,000 Shares of Resources Connection, Inc. (NASDAQ:RGP) Stock

Resources Connection, Inc. (NASDAQ:RGP - Get Free Report) Director Roger D. Carlile bought 25,000 shares of the company's stock in a transaction dated Friday, April 4th. The shares were purchased at an average price of $5.06 per share, with a total value of $126,500.00. Following the transaction, the director now owns 50,000 shares of the company's stock, valued at $253,000. The trade was a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Resources Connection Trading Up 4.9 %

Shares of NASDAQ:RGP traded up $0.25 during mid-day trading on Wednesday, reaching $5.35. The stock had a trading volume of 168,868 shares, compared to its average volume of 406,302. The firm has a market cap of $176.95 million, a PE ratio of -2.84 and a beta of 0.60. The firm has a 50 day simple moving average of $7.15 and a two-hundred day simple moving average of $8.05. Resources Connection, Inc. has a twelve month low of $4.81 and a twelve month high of $12.19.

Resources Connection Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 10.47%. The ex-dividend date was Friday, February 14th. Resources Connection's dividend payout ratio (DPR) is -17.07%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their price objective on shares of Resources Connection from $9.50 to $5.00 and set an "underweight" rating on the stock in a research note on Thursday, April 3rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atria Investments Inc lifted its holdings in shares of Resources Connection by 20.6% during the 4th quarter. Atria Investments Inc now owns 21,379 shares of the company's stock valued at $182,000 after purchasing an additional 3,656 shares in the last quarter. Rhumbline Advisers lifted its stake in Resources Connection by 2.8% in the fourth quarter. Rhumbline Advisers now owns 51,444 shares of the company's stock valued at $439,000 after buying an additional 1,387 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Resources Connection by 45.6% in the fourth quarter. Sanctuary Advisors LLC now owns 17,329 shares of the company's stock valued at $148,000 after buying an additional 5,430 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Resources Connection by 263.6% in the third quarter. BNP Paribas Financial Markets now owns 117,903 shares of the company's stock valued at $1,144,000 after buying an additional 85,472 shares during the period. Finally, Barclays PLC raised its holdings in shares of Resources Connection by 194.4% during the third quarter. Barclays PLC now owns 48,280 shares of the company's stock worth $468,000 after acquiring an additional 31,879 shares during the period. 93.23% of the stock is owned by institutional investors and hedge funds.

About Resources Connection

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.