Atria Investments Inc Raises Stake in Resources Connection, Inc. (NASDAQ:RGP)

Atria Investments Inc boosted its holdings in Resources Connection, Inc. (NASDAQ:RGP) by 20.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 21,379 shares of the company’s stock after buying an additional 3,656 shares during the period. Atria Investments Inc owned approximately 0.06% of Resources Connection worth $182,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Victory Capital Management Inc. increased its position in shares of Resources Connection by 9.5% in the fourth quarter. Victory Capital Management Inc. now owns 40,399 shares of the company’s stock worth $345,000 after acquiring an additional 3,497 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Resources Connection by 5.9% during the 4th quarter. Bank of New York Mellon Corp now owns 455,344 shares of the company’s stock worth $3,884,000 after purchasing an additional 25,236 shares during the period. Ieq Capital LLC acquired a new stake in Resources Connection in the 4th quarter valued at $241,000. Sanctuary Advisors LLC raised its position in Resources Connection by 45.6% in the fourth quarter. Sanctuary Advisors LLC now owns 17,329 shares of the company’s stock valued at $148,000 after purchasing an additional 5,430 shares during the period. Finally, Rhumbline Advisers raised its position in Resources Connection by 2.8% in the fourth quarter. Rhumbline Advisers now owns 51,444 shares of the company’s stock valued at $439,000 after purchasing an additional 1,387 shares during the period. Hedge funds and other institutional investors own 93.23% of the company’s stock.

Resources Connection Stock Down 0.1 %

Shares of NASDAQ:RGP opened at $6.86 on Wednesday. The company has a 50 day moving average of $7.89 and a two-hundred day moving average of $8.45. Resources Connection, Inc. has a 52-week low of $6.71 and a 52-week high of $13.30. The company has a market capitalization of $227.00 million, a price-to-earnings ratio of -3.69 and a beta of 0.61.

Resources Connection Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a dividend of $0.14 per share. The ex-dividend date was Friday, February 14th. This represents a $0.56 annualized dividend and a dividend yield of 8.16%. Resources Connection’s dividend payout ratio 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.