Resources Connection, Inc. (NASDAQ:RGP) Shares Sold by Clark Estates Inc. NY

Clark Estates Inc. NY lessened its holdings in shares of Resources Connection, Inc. (NASDAQ:RGP) by 7.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 206,850 shares of the company’s stock after selling 16,600 shares during the quarter. Clark Estates Inc. NY owned about 0.62% of Resources Connection worth $2,006,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its holdings in Resources Connection by 66.4% in the second quarter. Nisa Investment Advisors LLC now owns 2,554 shares of the company’s stock worth $28,000 after purchasing an additional 1,019 shares during the period. CWM LLC lifted its stake in shares of Resources Connection by 883.5% in the 2nd quarter. CWM LLC now owns 3,393 shares of the company’s stock worth $37,000 after acquiring an additional 3,048 shares during the period. Mather Group LLC. acquired a new stake in shares of Resources Connection in the 2nd quarter worth approximately $44,000. Point72 DIFC Ltd bought a new position in shares of Resources Connection in the second quarter valued at approximately $59,000. Finally, nVerses Capital LLC acquired a new position in shares of Resources Connection during the third quarter valued at approximately $60,000. Institutional investors own 93.23% of the company’s stock.

Resources Connection Price Performance

RGP opened at $8.44 on Wednesday. The business has a 50 day moving average price of $8.65 and a two-hundred day moving average price of $9.96. The company has a market capitalization of $282.49 million, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 3.43 and a beta of 0.67. Resources Connection, Inc. has a 1-year low of $7.90 and a 1-year high of $14.63.

Resources Connection (NASDAQ:RGP) last released its earnings results on Tuesday, October 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.21). The firm had revenue of $136.94 million for the quarter, compared to analyst estimates of $137.82 million. Resources Connection had a return on equity of 3.69% and a net margin of 2.04%. Resources Connection’s revenue was down 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 earnings per share. Equities analysts expect that Resources Connection, Inc. will post 0.16 EPS for the current fiscal year.

Resources Connection Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $0.14 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.56 annualized dividend and a dividend yield of 6.64%. Resources Connection’s dividend payout ratio is currently 155.56%.

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.