Boston Partners Trims Stock Position in Resources Connection, Inc. (NASDAQ:RGP)

Boston Partners reduced its stake in Resources Connection, Inc. (NASDAQ:RGP) by 33.3% during the 4th quarter, HoldingsChannel reports. The firm owned 38,429 shares of the company’s stock after selling 19,161 shares during the period. Boston Partners’ holdings in Resources Connection were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of RGP. Atria Investments Inc boosted 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 valued at $172,000 after acquiring an additional 1,547 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Resources Connection by 170.9% in the 3rd quarter. Victory Capital Management Inc. now owns 36,902 shares of the company’s stock valued at $358,000 after purchasing an additional 23,279 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Resources Connection by 110.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,078 shares of the company’s stock worth $515,000 after purchasing an additional 27,897 shares during the period. Intech Investment Management LLC acquired a new position in Resources Connection during the 3rd quarter worth approximately $106,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Resources Connection in the third quarter valued at $1,043,000. Institutional investors and hedge funds own 93.23% of the company’s stock.

Resources Connection Price Performance

Shares of NASDAQ:RGP opened at $6.77 on Monday. The business’s 50 day simple moving average is $7.79 and its 200-day simple moving average is $8.38. The firm has a market capitalization of $224.03 million, a price-to-earnings ratio of -3.64 and a beta of 0.61. Resources Connection, Inc. has a 12 month low of $6.71 and a 12 month high of $13.29.

Resources Connection Dividend Announcement

The firm 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. The ex-dividend date was Friday, February 14th. This represents a $0.56 annualized dividend and a yield of 8.27%. Resources Connection’s dividend payout ratio (DPR) is currently -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.