Resources Connection, Inc. (NASDAQ:RGP) Shares Purchased by Brandes Investment Partners LP

Brandes Investment Partners LP boosted its holdings in Resources Connection, Inc. (NASDAQ:RGP) by 13.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 397,095 shares of the company’s stock after acquiring an additional 45,864 shares during the quarter. Brandes Investment Partners LP owned 1.20% of Resources Connection worth $3,387,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RGP. 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 period. 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 period. 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 period. 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 period. Finally, Public Employees Retirement System of Ohio increased its position in shares of Resources Connection by 7.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,957 shares of the company’s stock valued at $514,000 after purchasing an additional 3,665 shares during the period. 93.23% of the stock is currently owned by institutional investors and hedge funds.

Resources Connection Stock Performance

Shares of RGP stock opened at $6.89 on Friday. Resources Connection, Inc. has a 1 year low of $6.71 and a 1 year high of $13.48. The stock has a market cap of $228.00 million, a PE ratio of -3.70 and a beta of 0.61. The business’s fifty day moving average is $7.97 and its 200-day moving average is $8.51.

Resources Connection Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 8.13%. The ex-dividend date was Friday, February 14th. Resources Connection’s dividend payout ratio is presently -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.