Horrell Capital Management Inc. Boosts Holdings in Resources Connection, Inc. (NASDAQ:RGP)

Horrell Capital Management Inc. raised its stake in shares of Resources Connection, Inc. (NASDAQ:RGP) by 30.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,060,000 shares of the company’s stock after purchasing an additional 245,000 shares during the quarter. Resources Connection makes up approximately 2.6% of Horrell Capital Management Inc.’s portfolio, making the stock its 9th largest holding. Horrell Capital Management Inc.’s holdings in Resources Connection were worth $9,042,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Rhumbline Advisers increased its position in shares of Resources Connection by 2.8% during the 4th quarter. Rhumbline Advisers now owns 51,444 shares of the company’s stock valued at $439,000 after purchasing an additional 1,387 shares during the last quarter. Atria Investments Inc increased its position in shares of Resources Connection by 9.6% during 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 last quarter. Point72 DIFC Ltd increased 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 valued at $69,000 after purchasing an additional 1,735 shares during the last quarter. LPL Financial LLC increased its position in shares of Resources Connection by 6.2% during the 4th quarter. LPL Financial LLC now owns 48,762 shares of the company’s stock valued at $416,000 after purchasing an additional 2,837 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Resources Connection by 9.5% during the 4th quarter. Victory Capital Management Inc. now owns 40,399 shares of the company’s stock valued at $345,000 after purchasing an additional 3,497 shares during the last quarter. Institutional investors own 93.23% of the company’s stock.

Resources Connection Stock Down 1.2 %

NASDAQ RGP opened at $6.77 on Monday. Resources Connection, Inc. has a 52 week low of $6.71 and a 52 week high of $13.29. The firm has a market capitalization of $224.03 million, a P/E ratio of -3.64 and a beta of 0.61. The company has a 50-day moving average price of $7.79 and a 200-day moving average price of $8.38.

Resources Connection Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 8.27%. The ex-dividend date was Friday, February 14th. Resources Connection’s payout ratio is currently -30.11%.

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.