New York State Common Retirement Fund Has $58,000 Position in Resources Connection, Inc. (NASDAQ:RGP)

New York State Common Retirement Fund cut its position in Resources Connection, Inc. (NASDAQ:RGP) by 95.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,774 shares of the company’s stock after selling 142,889 shares during the period. New York State Common Retirement Fund’s holdings in Resources Connection were worth $58,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RGP. Walleye Capital LLC acquired a new stake in Resources Connection in the third quarter worth $1,895,000. Tieton Capital Management LLC increased its position in shares of Resources Connection by 43.4% during the third quarter. Tieton Capital Management LLC now owns 578,086 shares of the company’s stock worth $5,607,000 after acquiring an additional 174,836 shares in the last quarter. Circumference Group LLC increased its position in shares of Resources Connection by 16.4% during the third quarter. Circumference Group LLC now owns 815,000 shares of the company’s stock worth $7,906,000 after acquiring an additional 115,000 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Resources Connection during the third quarter worth $1,043,000. Finally, Quest Partners LLC increased its position in shares of Resources Connection by 35,178.9% during the third quarter. Quest Partners LLC now owns 105,131 shares of the company’s stock worth $1,020,000 after acquiring an additional 104,833 shares in the last quarter. 93.23% of the stock is currently owned by institutional investors and hedge funds.

Resources Connection Stock Up 1.3 %

Shares of RGP stock opened at $7.19 on Friday. The firm has a fifty day moving average of $8.17 and a 200-day moving average of $8.66. Resources Connection, Inc. has a 12-month low of $6.94 and a 12-month high of $14.20. The company has a market capitalization of $237.92 million, a price-to-earnings ratio of -3.87 and a beta of 0.61.

Resources Connection Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 7.79%. The ex-dividend date is Friday, February 14th. Resources Connection’s dividend payout ratio is -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.