Rhumbline Advisers Has $439,000 Position in Resources Connection, Inc. (NASDAQ:RGP)

Rhumbline Advisers boosted its holdings in shares of Resources Connection, Inc. (NASDAQ:RGP) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,444 shares of the company’s stock after buying an additional 1,387 shares during the period. Rhumbline Advisers owned about 0.16% of Resources Connection worth $439,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. 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 valued at $172,000 after acquiring an additional 1,547 shares during the period. Point72 DIFC Ltd grew its position in shares of Resources Connection by 32.5% during the 3rd quarter. Point72 DIFC Ltd now owns 7,074 shares of the company’s stock worth $69,000 after buying an additional 1,735 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Resources Connection by 7.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,957 shares of the company’s stock worth $514,000 after buying an additional 3,665 shares during the period. Arete Wealth Advisors LLC grew its position in shares of Resources Connection by 32.8% during the 3rd quarter. Arete Wealth Advisors LLC now owns 17,877 shares of the company’s stock worth $173,000 after buying an additional 4,418 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Resources Connection by 2,171.7% during the fourth 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 period. Institutional investors and hedge funds own 93.23% of the company’s stock.

Resources Connection Trading Up 1.3 %

RGP opened at $7.28 on Friday. The stock has a market capitalization of $240.90 million, a P/E ratio of -3.91 and a beta of 0.61. Resources Connection, Inc. has a 12 month low of $6.94 and a 12 month high of $14.20. The firm’s fifty day simple moving average is $8.15 and its 200 day simple moving average is $8.63.

Resources Connection Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a $0.14 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.56 annualized dividend and a yield of 7.69%. 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.