Dynamic Technology Lab Private Ltd grew its position in Resources Connection, Inc. (NASDAQ:RGP – Free Report) by 74.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,802 shares of the company’s stock after purchasing an additional 12,761 shares during the period. Dynamic Technology Lab Private Ltd owned about 0.09% of Resources Connection worth $422,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Swiss National Bank lifted its holdings in shares of Resources Connection by 1.6% during the 3rd quarter. Swiss National Bank now owns 70,300 shares of the company’s stock valued at $1,048,000 after purchasing an additional 1,100 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Resources Connection by 9.8% in the third quarter. Amalgamated Bank now owns 13,449 shares of the company’s stock valued at $201,000 after buying an additional 1,203 shares during the period. Exchange Traded Concepts LLC increased its position in shares of Resources Connection by 4.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 74,226 shares of the company’s stock worth $1,052,000 after acquiring an additional 3,172 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Resources Connection by 53.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,735 shares of the company’s stock worth $175,000 after acquiring an additional 4,073 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Resources Connection by 36.7% in the 4th quarter. Mackenzie Financial Corp now owns 17,042 shares of the company’s stock valued at $241,000 after acquiring an additional 4,575 shares in the last quarter. 93.23% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Robert W. Baird lowered their target price on Resources Connection from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, April 4th. StockNews.com downgraded Resources Connection from a “buy” rating to a “hold” rating in a report on Sunday, February 25th.
Read Our Latest Stock Report on RGP
Resources Connection Stock Up 0.6 %
Shares of RGP stock opened at $11.16 on Friday. Resources Connection, Inc. has a 12 month low of $10.59 and a 12 month high of $17.24. The company’s fifty day simple moving average is $11.75 and its 200-day simple moving average is $13.01. The firm has a market cap of $377.32 million, a PE ratio of 16.91, a P/E/G ratio of 2.33 and a beta of 0.66.
Resources Connection (NASDAQ:RGP – Get Free Report) last issued its quarterly earnings results on Wednesday, April 3rd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.18. The firm had revenue of $151.31 million for the quarter, compared to analysts’ expectations of $152.77 million. Resources Connection had a net margin of 3.34% and a return on equity of 6.86%. The company’s revenue for the quarter was down 19.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 EPS. On average, equities analysts predict that Resources Connection, Inc. will post 0.32 earnings per share for the current fiscal year.
Resources Connection Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.56 dividend on an annualized basis and a yield of 5.02%. Resources Connection’s dividend payout ratio is 84.85%.
Resources Connection Profile
(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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