Circumference Group LLC Has $7.91 Million Holdings in Resources Connection, Inc. (NASDAQ:RGP)

Circumference Group LLC increased its stake in shares of Resources Connection, Inc. (NASDAQ:RGP) by 16.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 815,000 shares of the company’s stock after acquiring an additional 115,000 shares during the period. Resources Connection accounts for about 8.2% of Circumference Group LLC’s holdings, making the stock its biggest holding. Circumference Group LLC’s holdings in Resources Connection were worth $7,906,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its holdings in shares of Resources Connection by 66.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,554 shares of the company’s stock valued at $28,000 after purchasing an additional 1,019 shares during the period. Atria Investments Inc lifted its position in shares of Resources Connection by 9.6% in the third quarter. Atria Investments Inc now owns 17,723 shares of the company’s stock valued at $172,000 after buying an additional 1,547 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Resources Connection by 13.8% during the 2nd quarter. Victory Capital Management Inc. now owns 13,623 shares of the company’s stock worth $150,000 after acquiring an additional 1,649 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Resources Connection by 15.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 15,595 shares of the company’s stock worth $172,000 after acquiring an additional 2,083 shares during the last quarter. Finally, CWM LLC raised its stake in Resources Connection by 883.5% in the 2nd quarter. CWM LLC now owns 3,393 shares of the company’s stock valued at $37,000 after acquiring an additional 3,048 shares during the period. 93.23% of the stock is currently owned by institutional investors.

Resources Connection Price Performance

RGP stock opened at $8.44 on Monday. Resources Connection, Inc. has a one year low of $7.90 and a one year high of $14.63. The stock has a market cap of $282.50 million, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67. The company has a fifty day moving average price of $8.56 and a two-hundred day moving average price of $9.89.

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

Resources Connection Dividend Announcement

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

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.