Connor Clark & Lunn Investment Management Ltd. Has $515,000 Stock Holdings in Resources Connection, Inc. (NASDAQ:RGP)

Connor Clark & Lunn Investment Management Ltd. raised its stake in Resources Connection, Inc. (NASDAQ:RGP) by 110.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,078 shares of the company’s stock after purchasing an additional 27,897 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.16% of Resources Connection worth $515,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its holdings in Resources Connection by 66.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,554 shares of the company’s stock worth $28,000 after purchasing an additional 1,019 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of Resources Connection by 9.6% during the third quarter. Atria Investments Inc now owns 17,723 shares of the company’s stock worth $172,000 after buying an additional 1,547 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Resources Connection by 13.8% in the second quarter. Victory Capital Management Inc. now owns 13,623 shares of the company’s stock valued at $150,000 after acquiring an additional 1,649 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Resources Connection by 15.4% in the second quarter. Harbor Capital Advisors Inc. now owns 15,595 shares of the company’s stock valued at $172,000 after acquiring an additional 2,083 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Resources Connection by 883.5% in the second quarter. CWM LLC now owns 3,393 shares of the company’s stock valued at $37,000 after acquiring an additional 3,048 shares in the last quarter. 93.23% of the stock is owned by institutional investors.

Resources Connection Price Performance

Shares of Resources Connection stock opened at $8.44 on Friday. The stock has a market capitalization of $282.49 million, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67. Resources Connection, Inc. has a twelve month low of $7.90 and a twelve month high of $14.63. The company has a 50-day simple moving average of $8.56 and a two-hundred day simple moving average of $9.91.

Resources Connection (NASDAQ:RGP) last released its quarterly earnings results on Tuesday, October 1st. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.21). The business had revenue of $136.94 million during the quarter, compared to analyst estimates of $137.82 million. Resources Connection had a net margin of 2.04% and a return on equity of 3.69%. The firm’s quarterly revenue was down 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share. On average, sell-side analysts anticipate that Resources Connection, Inc. will post 0.16 earnings per share for the current fiscal year.

Resources Connection Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.64%. The ex-dividend date of this dividend is Friday, November 15th. Resources Connection’s payout ratio is currently 155.56%.

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.