Resources Connection, Inc. (NASDAQ:RGP) Shares Purchased by Barclays PLC

Barclays PLC grew its position in shares of Resources Connection, Inc. (NASDAQ:RGP) by 194.4% during the third quarter, Holdings Channel reports. The firm owned 48,280 shares of the company’s stock after acquiring an additional 31,879 shares during the quarter. Barclays PLC’s holdings in Resources Connection were worth $468,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new position in Resources Connection during the 2nd quarter valued at about $59,000. nVerses Capital LLC acquired a new stake in shares of Resources Connection during the third quarter worth about $60,000. Quarry LP purchased a new position in shares of Resources Connection in the third quarter valued at approximately $95,000. Intech Investment Management LLC acquired a new position in shares of Resources Connection in the third quarter valued at approximately $106,000. Finally, DRW Securities LLC purchased a new stake in Resources Connection during the 2nd quarter worth approximately $111,000. 93.23% of the stock is currently owned by institutional investors and hedge funds.

Resources Connection Stock Up 2.2 %

Resources Connection stock opened at $8.72 on Friday. Resources Connection, Inc. has a 52-week low of $7.90 and a 52-week high of $14.50. The firm has a market cap of $291.87 million, a PE ratio of 24.22, a price-to-earnings-growth ratio of 3.48 and a beta of 0.68. The company’s 50 day moving average is $8.42 and its two-hundred day moving average is $9.47.

Resources Connection (NASDAQ:RGP) last announced its quarterly earnings data on Tuesday, October 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.21). Resources Connection had a net margin of 2.04% and a return on equity of 3.69%. The company had revenue of $136.94 million during the quarter, compared to analyst estimates of $137.82 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. The firm’s revenue was down 19.5% on a year-over-year basis. On average, equities research analysts anticipate that Resources Connection, Inc. will post 0.16 earnings per share for the current fiscal year.

Resources Connection Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 15th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date was Friday, November 15th. Resources Connection’s dividend payout ratio is currently 155.56%.

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.