Empowered Funds LLC Buys 8,108 Shares of Resources Connection, Inc. (NASDAQ:RGP)

Empowered Funds LLC lifted its position in Resources Connection, Inc. (NASDAQ:RGP) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,538 shares of the company’s stock after acquiring an additional 8,108 shares during the quarter. Empowered Funds LLC owned approximately 0.50% of Resources Connection worth $1,421,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RGP. Nisa Investment Advisors LLC lifted its holdings in Resources Connection by 2,171.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,134 shares of the company’s stock worth $44,000 after acquiring an additional 4,908 shares during the period. nVerses Capital LLC purchased a new stake in shares of Resources Connection during the 3rd quarter valued at $60,000. Point72 DIFC Ltd raised its stake in shares of Resources Connection by 32.5% during the 3rd quarter. Point72 DIFC Ltd now owns 7,074 shares of the company’s stock worth $69,000 after purchasing an additional 1,735 shares during the period. Quarry LP purchased a new position in shares of Resources Connection in the 3rd quarter worth about $95,000. Finally, Intech Investment Management LLC purchased a new position in shares of Resources Connection in the 3rd quarter worth about $106,000. Hedge funds and other institutional investors own 93.23% of the company’s stock.

Resources Connection Stock Performance

NASDAQ RGP opened at $7.86 on Monday. The company has a market capitalization of $260.10 million, a PE ratio of -4.23 and a beta of 0.66. Resources Connection, Inc. has a 52-week low of $7.85 and a 52-week high of $14.29. The company has a 50-day simple moving average of $8.43 and a 200 day simple moving average of $8.93.

Resources Connection Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.12%. Resources Connection’s dividend payout ratio (DPR) is presently -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.