JPMorgan Chase & Co. Sells 30,932 Shares of Resources Connection, Inc. (NASDAQ:RGP)

JPMorgan Chase & Co. decreased its position in shares of Resources Connection, Inc. (NASDAQ:RGP) by 25.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,355 shares of the company’s stock after selling 30,932 shares during the quarter. JPMorgan Chase & Co. owned 0.26% of Resources Connection worth $857,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in RGP. Point72 DIFC Ltd purchased a new stake in shares of Resources Connection during the second quarter valued at $59,000. nVerses Capital LLC bought a new position in Resources Connection during the 3rd quarter valued at about $60,000. Quarry LP purchased a new stake in shares of Resources Connection during the 3rd quarter valued at about $95,000. Intech Investment Management LLC bought a new stake in shares of Resources Connection in the third quarter worth approximately $106,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Resources Connection during the third quarter valued at approximately $115,000. Institutional investors own 93.23% of the company’s stock.

Resources Connection Trading Up 1.2 %

Shares of RGP stock opened at $8.62 on Friday. Resources Connection, Inc. has a 12-month low of $7.90 and a 12-month high of $14.29. The stock has a market capitalization of $285.24 million, a P/E ratio of -4.63 and a beta of 0.66. The firm’s 50 day moving average is $8.48 and its 200 day moving average is $9.23.

Resources Connection Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 6.50%. The ex-dividend date is 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.