Roger D. Carlile Buys 25,000 Shares of Resources Connection, Inc. (NASDAQ:RGP) Stock

Resources Connection, Inc. (NASDAQ:RGP) Director Roger D. Carlile acquired 25,000 shares of the stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of $5.06 per share, with a total value of $126,500.00. Following the completion of the purchase, the director now directly owns 50,000 shares in the company, valued at approximately $253,000. The trade was a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Resources Connection Price Performance

Resources Connection stock opened at $5.20 on Friday. Resources Connection, Inc. has a 1-year low of $4.81 and a 1-year high of $12.19. The company’s 50-day moving average is $7.36 and its 200 day moving average is $8.15. The firm has a market capitalization of $172.07 million, a P/E ratio of -2.80 and a beta of 0.60.

Resources Connection Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 10.77%. The ex-dividend date was Friday, February 14th. Resources Connection’s payout ratio is currently -17.07%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their price target on Resources Connection from $9.50 to $5.00 and set an “underweight” rating for the company in a research report on Thursday.

Hedge Funds Weigh In On Resources Connection

Several hedge funds have recently bought and sold shares of the business. Rhumbline Advisers lifted its position in shares of Resources Connection by 2.8% during the fourth quarter. Rhumbline Advisers now owns 51,444 shares of the company’s stock worth $439,000 after purchasing an additional 1,387 shares during the last quarter. Point72 DIFC Ltd lifted its holdings in 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 buying an additional 1,735 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Resources Connection by 17.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,249 shares of the company’s stock valued at $105,000 after buying an additional 1,863 shares during the period. Mackenzie Financial Corp boosted its position in Resources Connection by 12.3% in the 4th quarter. Mackenzie Financial Corp now owns 17,527 shares of the company’s stock valued at $150,000 after buying an additional 1,921 shares during the period. Finally, LPL Financial LLC grew its stake in Resources Connection by 6.2% in the 4th quarter. LPL Financial LLC now owns 48,762 shares of the company’s stock worth $416,000 after acquiring an additional 2,837 shares in the last quarter. 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.