Resources Connection, Inc. (NASDAQ:RGP – Get Free Report) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 840,100 shares, a decrease of 18.4% from the December 31st total of 1,030,000 shares. Based on an average daily trading volume, of 353,300 shares, the short-interest ratio is currently 2.4 days. Approximately 2.6% of the shares of the stock are short sold.
Resources Connection Price Performance
Shares of RGP stock traded up $0.01 during mid-day trading on Thursday, hitting $8.54. The stock had a trading volume of 58,570 shares, compared to its average volume of 417,279. The firm’s 50-day moving average is $8.49 and its two-hundred day moving average is $9.20. Resources Connection has a 12-month low of $7.90 and a 12-month high of $14.29. The firm has a market capitalization of $282.59 million, a P/E ratio of -4.59 and a beta of 0.66.
Resources Connection Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, February 14th. This represents a $0.56 dividend on an annualized basis and a yield of 6.56%. Resources Connection’s payout ratio is -30.11%.
Hedge Funds Weigh In On Resources Connection
Resources Connection Company 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.
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