Resources Connection, Inc. (NASDAQ:RGP) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its holdings in Resources Connection, Inc. (NASDAQ:RGP) by 48.9% in the third quarter, according to its most recent 13F filing with the Securities and 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 0.48% of Resources Connection worth $1,558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quest Partners LLC grew its holdings in shares of Resources Connection by 35,178.9% in the 3rd quarter. Quest Partners LLC now owns 105,131 shares of the company’s stock worth $1,020,000 after acquiring an additional 104,833 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Resources Connection by 110.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,078 shares of the company’s stock valued at $515,000 after purchasing an additional 27,897 shares during the period. Atria Investments Inc increased its stake in Resources Connection by 9.6% in the 3rd quarter. Atria Investments Inc now owns 17,723 shares of the company’s stock worth $172,000 after purchasing an additional 1,547 shares in the last quarter. nVerses Capital LLC acquired a new stake in Resources Connection during the 3rd quarter worth about $60,000. Finally, BNP Paribas Financial Markets lifted its stake in Resources Connection by 263.6% during 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 in the last quarter. 93.23% of the stock is owned by institutional investors and hedge funds.

Resources Connection Stock Up 3.0 %

Shares of Resources Connection stock opened at $8.36 on Friday. Resources Connection, Inc. has a 12 month low of $7.90 and a 12 month high of $14.50. The stock has a market cap of $279.82 million, a PE ratio of 23.22, a price-to-earnings-growth ratio of 3.48 and a beta of 0.68. The business has a fifty day simple moving average of $8.41 and a 200-day simple moving average of $9.54.

Resources Connection (NASDAQ:RGP) last issued its earnings results 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). Resources Connection had a return on equity of 3.69% and a net margin of 2.04%. The firm had revenue of $136.94 million during the quarter, compared to analyst estimates of $137.82 million. During the same period in the previous year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was down 19.5% on a year-over-year basis. Analysts expect that Resources Connection, Inc. will post 0.16 EPS for the current fiscal year.

Resources Connection Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 15th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date was Friday, November 15th. Resources Connection’s dividend payout ratio (DPR) is 155.56%.

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.