11,899 Shares in Resources Connection, Inc. (NASDAQ:RGP) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in Resources Connection, Inc. (NASDAQ:RGP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,899 shares of the company’s stock, valued at approximately $115,000.

A number of other hedge funds also recently made changes to their positions in the business. Atria Investments Inc lifted its stake in shares of Resources Connection by 9.6% during the 3rd quarter. Atria Investments Inc now owns 17,723 shares of the company’s stock worth $172,000 after buying an additional 1,547 shares during the last quarter. Victory Capital Management Inc. lifted its position in Resources Connection by 13.8% during the second quarter. Victory Capital Management Inc. now owns 13,623 shares of the company’s stock worth $150,000 after acquiring an additional 1,649 shares during the last quarter. Point72 DIFC Ltd boosted its holdings in shares of Resources Connection by 32.5% during the third quarter. Point72 DIFC Ltd now owns 7,074 shares of the company’s stock worth $69,000 after acquiring an additional 1,735 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Resources Connection by 7.4% in the third quarter. Public Employees Retirement System of Ohio now owns 52,957 shares of the company’s stock valued at $514,000 after purchasing an additional 3,665 shares during the last quarter. Finally, Arete Wealth Advisors LLC increased its stake in shares of Resources Connection by 32.8% during the third quarter. Arete Wealth Advisors LLC now owns 17,877 shares of the company’s stock worth $173,000 after purchasing an additional 4,418 shares during the period. 93.23% of the stock is owned by institutional investors and hedge funds.

Resources Connection Price Performance

RGP opened at $8.41 on Tuesday. The business has a fifty day simple moving average of $8.41 and a 200 day simple moving average of $9.51. Resources Connection, Inc. has a 1 year low of $7.90 and a 1 year high of $14.50. The company has a market capitalization of $281.49 million, a PE ratio of 23.36, a price-to-earnings-growth ratio of 3.48 and a beta of 0.68.

Resources Connection (NASDAQ:RGP) last released its quarterly earnings results on Tuesday, October 1st. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.21). Resources Connection had a net margin of 2.04% and a return on equity of 3.69%. The business had revenue of $136.94 million during the quarter, compared to analyst estimates of $137.82 million. During the same quarter last year, the company posted $0.14 earnings per share. The company’s revenue was down 19.5% on a year-over-year basis. Equities analysts anticipate that Resources Connection, Inc. will post 0.16 earnings per share for the current fiscal year.

Resources Connection Announces Dividend

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