AlphaQuest LLC Sells 93,755 Shares of Resources Connection, Inc. (NASDAQ:RGP)

AlphaQuest LLC reduced its holdings in shares of Resources Connection, Inc. (NASDAQ:RGP) by 89.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,376 shares of the company’s stock after selling 93,755 shares during the quarter. AlphaQuest LLC’s holdings in Resources Connection were worth $97,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in RGP. Walleye Capital LLC bought a new stake in Resources Connection in the 3rd quarter valued at $1,895,000. Tieton Capital Management LLC boosted its stake in Resources Connection by 43.4% in the 3rd quarter. Tieton Capital Management LLC now owns 578,086 shares of the company’s stock valued at $5,607,000 after purchasing an additional 174,836 shares during the period. Circumference Group LLC boosted its stake in Resources Connection by 16.4% in the 3rd quarter. Circumference Group LLC now owns 815,000 shares of the company’s stock valued at $7,906,000 after purchasing an additional 115,000 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Resources Connection in the 3rd quarter valued at $1,043,000. Finally, Quest Partners LLC boosted its stake in Resources Connection by 35,178.9% in the 3rd quarter. Quest Partners LLC now owns 105,131 shares of the company’s stock valued at $1,020,000 after purchasing an additional 104,833 shares during the period. 93.23% of the stock is currently owned by institutional investors.

Resources Connection Price Performance

RGP opened at $6.86 on Wednesday. The business has a fifty day simple moving average of $7.89 and a 200 day simple moving average of $8.45. The company has a market capitalization of $227.00 million, a PE ratio of -3.69 and a beta of 0.61. Resources Connection, Inc. has a 1 year low of $6.71 and a 1 year high of $13.30.

Resources Connection Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.56 annualized dividend and a yield of 8.16%. 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.