Resources Connection, Inc. (NASDAQ:RGP) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lessened its holdings in shares of Resources Connection, Inc. (NASDAQ:RGPGet Rating) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,774 shares of the company’s stock after selling 700 shares during the period. Martingale Asset Management L P owned 0.22% of Resources Connection worth $1,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of RGP. Public Sector Pension Investment Board lifted its holdings in shares of Resources Connection by 1.1% during the fourth quarter. Public Sector Pension Investment Board now owns 63,537 shares of the company’s stock valued at $1,134,000 after purchasing an additional 680 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Resources Connection in the fourth quarter worth approximately $43,000. Essex Investment Management Co. LLC boosted its holdings in Resources Connection by 5.7% in the first quarter. Essex Investment Management Co. LLC now owns 169,125 shares of the company’s stock worth $2,899,000 after purchasing an additional 9,166 shares in the last quarter. Heartland Advisors Inc. raised its stake in shares of Resources Connection by 1.9% in the 1st quarter. Heartland Advisors Inc. now owns 610,225 shares of the company’s stock valued at $10,459,000 after acquiring an additional 11,115 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its holdings in shares of Resources Connection by 19.7% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 74,990 shares of the company’s stock worth $1,338,000 after buying an additional 12,350 shares during the period. Institutional investors own 84.12% of the company’s stock.

Resources Connection Stock Performance

Resources Connection stock opened at $19.39 on Friday. Resources Connection, Inc. has a 12-month low of $14.38 and a 12-month high of $23.18. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 0.14. The stock has a 50-day simple moving average of $20.57 and a 200 day simple moving average of $18.42. The stock has a market capitalization of $648.75 million, a price-to-earnings ratio of 9.70 and a beta of 0.79.

Resources Connection (NASDAQ:RGPGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.19. Resources Connection had a return on equity of 18.62% and a net margin of 8.34%. The business had revenue of $217.03 million during the quarter, compared to analysts’ expectations of $212.81 million. On average, research analysts anticipate that Resources Connection, Inc. will post 1.72 earnings per share for the current fiscal year.

Resources Connection Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Wednesday, August 24th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Tuesday, August 23rd. Resources Connection’s payout ratio is 28.00%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird increased their price target on shares of Resources Connection from $21.00 to $25.00 in a report on Monday, August 1st.

Insiders Place Their Bets

In related news, Director Donald B. Murray sold 1,526 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $20.99, for a total transaction of $32,030.74. Following the transaction, the director now directly owns 818,060 shares of the company’s stock, valued at approximately $17,171,079.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Resources Connection news, Director Donald B. Murray sold 1,526 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $20.99, for a total transaction of $32,030.74. Following the transaction, the director now owns 818,060 shares in the company, valued at approximately $17,171,079.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Donald B. Murray sold 77,594 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $21.11, for a total transaction of $1,638,009.34. Following the completion of the transaction, the director now directly owns 313,124 shares in the company, valued at $6,610,047.64. The disclosure for this sale can be found here. Insiders own 8.04% of the company’s stock.

About Resources Connection

(Get Rating)

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.

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Institutional Ownership by Quarter for Resources Connection (NASDAQ:RGP)

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