Atria Investments Inc Boosts Stock Holdings in Resources Connection, Inc. (NASDAQ:RGP)

Atria Investments Inc grew its position in shares of Resources Connection, Inc. (NASDAQ:RGP) by 9.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,723 shares of the company’s stock after acquiring an additional 1,547 shares during the quarter. Atria Investments Inc owned 0.05% of Resources Connection worth $172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Horrell Capital Management Inc. boosted its holdings in shares of Resources Connection by 16.4% in the 3rd quarter. Horrell Capital Management Inc. now owns 815,000 shares of the company’s stock worth $7,906,000 after buying an additional 115,000 shares during the last quarter. Ballentine Partners LLC purchased a new position in shares of Resources Connection in the 3rd quarter worth about $212,000. nVerses Capital LLC purchased a new position in shares of Resources Connection in the 3rd quarter worth about $60,000. Point72 DIFC Ltd bought a new stake in Resources Connection in the 2nd quarter valued at about $59,000. Finally, Brandes Investment Partners LP bought a new stake in Resources Connection in the 2nd quarter valued at about $2,590,000. 93.23% of the stock is owned by hedge funds and other institutional investors.

Resources Connection Stock Up 0.1 %

Shares of RGP opened at $8.41 on Monday. The business’s 50-day moving average price is $8.71 and its 200-day moving average price is $10.00. Resources Connection, Inc. has a twelve month low of $7.90 and a twelve month high of $14.63. The stock has a market cap of $281.49 million, a PE ratio of 23.36, a P/E/G ratio of 3.39 and a beta of 0.67.

Resources Connection (NASDAQ:RGP) last posted its quarterly earnings data on Tuesday, October 1st. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.21). The company 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 for the quarter was down 19.5% on a year-over-year basis. During the same quarter last year, the company posted $0.14 earnings per share. Analysts expect that Resources Connection, Inc. will post 0.16 earnings per share for the current fiscal year.

Resources Connection Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 6.66%. The ex-dividend date of this dividend is Friday, November 15th. Resources Connection’s dividend payout ratio (DPR) is 155.56%.

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.