Resources Connection, Inc. (NASDAQ:RGP) Short Interest Up 20.5% in February

Resources Connection, Inc. (NASDAQ:RGP) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 699,100 shares, an increase of 20.5% from the February 13th total of 580,100 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 330,600 shares, the short-interest ratio is currently 2.1 days.

Resources Connection Stock Down 0.1 %

Shares of RGP traded down $0.01 during trading hours on Tuesday, hitting $6.86. The company had a trading volume of 246,122 shares, compared to its average volume of 398,049. The firm has a market cap of $227.00 million, a P/E ratio of -3.69 and a beta of 0.61. The stock’s 50 day moving average price is $7.93 and its 200 day moving average price is $8.48. Resources Connection has a 52-week low of $6.71 and a 52-week high of $13.30.

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 issued a $0.14 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.56 annualized dividend and a dividend yield of 8.16%. Resources Connection’s dividend payout ratio is currently -30.11%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Rhumbline Advisers increased its holdings in shares of Resources Connection by 2.8% in the fourth quarter. Rhumbline Advisers now owns 51,444 shares of the company’s stock worth $439,000 after buying an additional 1,387 shares during the period. Atria Investments Inc increased its holdings 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 worth $172,000 after buying an additional 1,547 shares during the period. Point72 DIFC Ltd increased its holdings in shares of Resources Connection by 32.5% in the third quarter. Point72 DIFC Ltd now owns 7,074 shares of the company’s stock worth $69,000 after buying an additional 1,735 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Resources Connection by 17.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,249 shares of the company’s stock worth $105,000 after purchasing an additional 1,863 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Resources Connection by 12.3% in the fourth quarter. Mackenzie Financial Corp now owns 17,527 shares of the company’s stock worth $150,000 after purchasing an additional 1,921 shares during the last quarter. Hedge funds and other institutional investors own 93.23% of the company’s stock.

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.