Resources Connection, Inc. (NASDAQ:RGP) Shares Acquired by Tieton Capital Management LLC

Tieton Capital Management LLC raised its position in Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 42.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 823,108 shares of the company's stock after acquiring an additional 245,022 shares during the period. Resources Connection makes up approximately 2.8% of Tieton Capital Management LLC's holdings, making the stock its 19th biggest holding. Tieton Capital Management LLC owned 2.49% of Resources Connection worth $7,021,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atria Investments Inc raised its stake in Resources Connection by 20.6% in the 4th quarter. Atria Investments Inc now owns 21,379 shares of the company's stock worth $182,000 after acquiring an additional 3,656 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Resources Connection by 2.8% in the fourth quarter. Rhumbline Advisers now owns 51,444 shares of the company's stock worth $439,000 after acquiring an additional 1,387 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Resources Connection by 110.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,078 shares of the company's stock worth $515,000 after purchasing an additional 27,897 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in 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 purchasing an additional 5,430 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Resources Connection by 263.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 117,903 shares of the company's stock worth $1,144,000 after purchasing an additional 85,472 shares during the period. 93.23% of the stock is owned by hedge funds and other institutional investors.

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Resources Connection Stock Down 2.8 %

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

Resources Connection Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors 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 is currently -30.11%.

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.