Royce & Associates LP Has $16.13 Million Position in Resources Connection, Inc. (NASDAQ:RGP)

Royce & Associates LP lessened its holdings in Resources Connection, Inc. (NASDAQ:RGP) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,891,461 shares of the company’s stock after selling 6,108 shares during the period. Royce & Associates LP owned about 0.06% of Resources Connection worth $16,134,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Atria Investments Inc increased its holdings in shares of Resources Connection by 9.6% in the 3rd quarter. Atria Investments Inc now owns 17,723 shares of the company’s stock valued at $172,000 after purchasing an additional 1,547 shares during the period. Victory Capital Management Inc. increased its stake in Resources Connection by 170.9% in the 3rd quarter. Victory Capital Management Inc. now owns 36,902 shares of the company’s stock valued at $358,000 after buying an additional 23,279 shares during the period. Empowered Funds LLC lifted its position in Resources Connection by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 158,430 shares of the company’s stock worth $1,537,000 after buying an additional 8,040 shares in the last quarter. Quest Partners LLC boosted its stake in shares of Resources Connection by 35,178.9% during the 3rd quarter. Quest Partners LLC now owns 105,131 shares of the company’s stock valued at $1,020,000 after buying an additional 104,833 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Resources Connection by 110.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,078 shares of the company’s stock valued at $515,000 after acquiring an additional 27,897 shares in the last quarter. Hedge funds and other institutional investors own 93.23% of the company’s stock.

Resources Connection Trading Up 2.2 %

NASDAQ RGP opened at $6.89 on Monday. The company has a market capitalization of $228.00 million, a PE ratio of -3.70 and a beta of 0.61. Resources Connection, Inc. has a 1-year low of $6.71 and a 1-year high of $13.48. The firm’s fifty day simple moving average is $7.97 and its 200-day simple moving average is $8.50.

Resources Connection Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.13%. The ex-dividend date was Friday, February 14th. Resources Connection’s dividend payout ratio (DPR) is presently -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.