Resources Connection, Inc. (NASDAQ:RGP) Short Interest Update

Resources Connection, Inc. (NASDAQ:RGPGet 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

Several hedge funds have recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Resources Connection by 4.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 840,591 shares of the company’s stock valued at $8,154,000 after purchasing an additional 34,570 shares in the last quarter. AQR Capital Management LLC grew its position in Resources Connection by 18.8% during the second quarter. AQR Capital Management LLC now owns 836,558 shares of the company’s stock valued at $9,236,000 after buying an additional 132,586 shares during the period. Horrell Capital Management Inc. increased its holdings in Resources Connection by 16.4% in the third quarter. Horrell Capital Management Inc. now owns 815,000 shares of the company’s stock valued at $7,906,000 after buying an additional 115,000 shares in the last quarter. Circumference Group LLC raised 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 worth $7,906,000 after acquiring an additional 115,000 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Resources Connection by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 784,529 shares of the company’s stock worth $7,611,000 after acquiring an additional 23,943 shares in the last quarter. 93.23% of the stock is owned by institutional investors and hedge funds.

Resources Connection Company Profile

(Get Free Report)

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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