Tieton Capital Management LLC Buys 245,022 Shares of Resources Connection, Inc. (NASDAQ:RGP)

Tieton Capital Management LLC raised its stake in shares of Resources Connection, Inc. (NASDAQ:RGP) by 42.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 823,108 shares of the company’s stock after purchasing an additional 245,022 shares during the quarter. Resources Connection accounts for about 2.8% of Tieton Capital Management LLC’s holdings, making the stock its 19th biggest holding. Tieton Capital Management LLC’s holdings in Resources Connection were worth $7,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of RGP. Nisa Investment Advisors LLC increased its stake in shares of Resources Connection by 2,171.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,134 shares of the company’s stock worth $44,000 after buying an additional 4,908 shares during the period. Point72 DIFC Ltd boosted its stake in Resources Connection by 32.5% in the 3rd quarter. Point72 DIFC Ltd now owns 7,074 shares of the company’s stock worth $69,000 after purchasing an additional 1,735 shares in the last quarter. Quarry LP bought a new position in Resources Connection in the 3rd quarter worth about $95,000. Intech Investment Management LLC purchased a new position in Resources Connection in the 3rd quarter worth about $106,000. Finally, Sanctuary Advisors LLC purchased a new position in Resources Connection in the 3rd quarter worth about $115,000. 93.23% of the stock is currently owned by institutional investors.

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 company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 8.27%. The ex-dividend date was Friday, February 14th. Resources Connection’s dividend payout ratio is -30.11%.

About Resources Connection

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.