Resources Connection, Inc. (NASDAQ:RGP) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its stake in shares of Resources Connection, Inc. (NASDAQ:RGP) by 45.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,329 shares of the company’s stock after buying an additional 5,430 shares during the quarter. Sanctuary Advisors LLC owned about 0.05% of Resources Connection worth $148,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Rhumbline Advisers grew its holdings in Resources Connection by 2.8% during the fourth quarter. Rhumbline Advisers now owns 51,444 shares of the company’s stock worth $439,000 after acquiring an additional 1,387 shares during the period. Empowered Funds LLC grew its holdings in Resources Connection by 5.1% in the fourth quarter. Empowered Funds LLC now owns 166,538 shares of the company’s stock valued at $1,421,000 after purchasing an additional 8,108 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Resources Connection by 17.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 35,363 shares of the company’s stock valued at $302,000 after acquiring an additional 5,189 shares in the last quarter. SG Americas Securities LLC acquired a new position in Resources Connection during the fourth quarter worth about $148,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Resources Connection by 2,171.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,134 shares of the company’s stock valued at $44,000 after purchasing an additional 4,908 shares in the last quarter. Hedge funds and other institutional investors own 93.23% of the company’s stock.

Resources Connection Price Performance

Shares of RGP opened at $7.10 on Thursday. The stock has a market cap of $234.95 million, a price-to-earnings ratio of -3.82 and a beta of 0.61. Resources Connection, Inc. has a 1-year low of $6.94 and a 1-year high of $14.20. The firm has a 50 day simple moving average of $8.19 and a 200-day simple moving average of $8.67.

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 given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.56 dividend on an annualized basis and a yield of 7.89%. Resources Connection’s dividend payout ratio (DPR) 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.