28,206 Shares in Resources Connection, Inc. (NASDAQ:RGP) Acquired by Ieq Capital LLC

Ieq Capital LLC bought a new stake in shares of Resources Connection, Inc. (NASDAQ:RGP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 28,206 shares of the company’s stock, valued at approximately $241,000. Ieq Capital LLC owned 0.09% of Resources Connection at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Walleye Capital LLC bought a new position in shares of Resources Connection in the third quarter valued at approximately $1,895,000. Tieton Capital Management LLC boosted its holdings 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 grew its position in shares of Resources Connection by 16.4% during 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 in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Resources Connection in the third quarter worth $1,043,000. Finally, Quest Partners LLC raised its position in shares of Resources Connection by 35,178.9% in the third quarter. Quest Partners LLC now owns 105,131 shares of the company’s stock worth $1,020,000 after buying an additional 104,833 shares in the last quarter. Hedge funds and other institutional investors own 93.23% of the company’s stock.

Resources Connection Stock Performance

NASDAQ:RGP opened at $7.28 on Friday. Resources Connection, Inc. has a 52-week low of $7.22 and a 52-week high of $14.29. The stock has a fifty day moving average of $8.26 and a 200 day moving average of $8.74. The firm has a market capitalization of $240.90 million, a price-to-earnings ratio of -3.91 and a beta of 0.66.

Resources Connection Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, February 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.69%. Resources Connection’s dividend payout ratio (DPR) 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.