Resources Connection, Inc. (NASDAQ:RGP) Holdings Lowered by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in shares of Resources Connection, Inc. (NASDAQ:RGP) by 15.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 369,805 shares of the company’s stock after selling 67,156 shares during the period. Charles Schwab Investment Management Inc. owned about 1.12% of Resources Connection worth $3,154,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Walleye Capital LLC purchased a new stake in Resources Connection in the 3rd quarter worth approximately $1,895,000. Circumference Group LLC boosted its position in shares of Resources Connection by 16.4% in the third quarter. Circumference Group LLC now owns 815,000 shares of the company’s stock valued at $7,906,000 after acquiring an additional 115,000 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Resources Connection by 263.6% in the third quarter. BNP Paribas Financial Markets now owns 117,903 shares of the company’s stock valued at $1,144,000 after acquiring an additional 85,472 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Resources Connection by 4.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 840,591 shares of the company’s stock worth $8,154,000 after acquiring an additional 34,570 shares during the last quarter. Finally, Barclays PLC increased its position in Resources Connection by 194.4% during the third quarter. Barclays PLC now owns 48,280 shares of the company’s stock worth $468,000 after acquiring an additional 31,879 shares during the period. 93.23% of the stock is owned by hedge funds and other institutional investors.

Resources Connection Stock Up 1.4 %

Resources Connection stock opened at $6.75 on Friday. The business has a 50 day moving average price of $7.65 and a two-hundred day moving average price of $8.32. The stock has a market cap of $223.36 million, a price-to-earnings ratio of -3.63 and a beta of 0.61. Resources Connection, Inc. has a 12 month low of $6.62 and a 12 month high of $13.29.

Resources Connection Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.56 annualized dividend and a dividend yield of 8.30%. Resources Connection’s dividend payout ratio (DPR) is presently -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.