Victory Capital Management Inc. Raises Position in Resources Connection, Inc. (NASDAQ:RGP)

Victory Capital Management Inc. boosted its position in Resources Connection, Inc. (NASDAQ:RGP) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,399 shares of the company’s stock after purchasing an additional 3,497 shares during the period. Victory Capital Management Inc.’s holdings in Resources Connection were worth $345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rhumbline Advisers raised its position in shares of Resources Connection by 2.8% in the fourth 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. Connor Clark & Lunn Investment Management Ltd. grew its stake in Resources Connection by 110.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,078 shares of the company’s stock valued at $515,000 after buying an additional 27,897 shares in the last quarter. Atria Investments Inc raised its holdings in 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 acquiring an additional 1,547 shares during the period. Sanctuary Advisors LLC lifted its position in shares of Resources Connection by 45.6% during the fourth quarter. Sanctuary Advisors LLC now owns 17,329 shares of the company’s stock worth $148,000 after acquiring an additional 5,430 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Resources Connection by 263.6% during the third quarter. BNP Paribas Financial Markets now owns 117,903 shares of the company’s stock worth $1,144,000 after acquiring an additional 85,472 shares in the last quarter. 93.23% of the stock is owned by institutional investors.

Resources Connection Stock Performance

Shares of NASDAQ RGP opened at $6.77 on Friday. Resources Connection, Inc. has a fifty-two week low of $6.71 and a fifty-two week high of $13.29. The stock has a market cap of $224.03 million, a PE ratio of -3.64 and a beta of 0.61. The stock has a fifty day moving average of $7.79 and a 200-day moving average of $8.39.

Resources Connection Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 8.27%. The ex-dividend date of this dividend was Friday, February 14th. Resources Connection’s payout ratio is presently -30.11%.

About Resources Connection

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.