Victory Capital Management Inc. Acquires 3,497 Shares of Resources Connection, Inc. (NASDAQ:RGP)

Victory Capital Management Inc. boosted its holdings in Resources Connection, Inc. (NASDAQ:RGP) by 9.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,399 shares of the company’s stock after acquiring an additional 3,497 shares during the quarter. Victory Capital Management Inc. owned 0.12% of Resources Connection worth $345,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in RGP. Nisa Investment Advisors LLC boosted its holdings in Resources Connection by 2,171.7% during the 4th 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 last quarter. Point72 DIFC Ltd lifted its position 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 valued at $69,000 after purchasing an additional 1,735 shares in the last quarter. Quarry LP purchased a new position in Resources Connection during the third quarter worth about $95,000. Intech Investment Management LLC bought a new stake in Resources Connection in the 3rd quarter worth about $106,000. Finally, Sanctuary Advisors LLC purchased a new stake in Resources Connection in the 3rd quarter valued at about $115,000. Institutional investors own 93.23% of the company’s stock.

Resources Connection Stock Down 1.2 %

Resources Connection stock opened at $6.77 on Friday. Resources Connection, Inc. has a 52 week low of $6.71 and a 52 week high of $13.29. The company’s 50 day moving average price is $7.79 and its two-hundred day moving average price is $8.39. The stock has a market cap of $224.03 million, a P/E ratio of -3.64 and a beta of 0.61.

Resources Connection Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a $0.14 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.56 annualized dividend and a yield of 8.27%. Resources Connection’s dividend payout ratio is currently -30.11%.

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.