Charles Schwab Investment Management Inc. Has $3.15 Million Position in Resources Connection, Inc. (NASDAQ:RGP)

Charles Schwab Investment Management Inc. reduced its position in shares of Resources Connection, Inc. (NASDAQ:RGP) by 15.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 369,805 shares of the company’s stock after selling 67,156 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Resources Connection were worth $3,154,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RGP. Nisa Investment Advisors LLC raised its position in shares of Resources Connection by 2,171.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,134 shares of the company’s stock valued at $44,000 after acquiring an additional 4,908 shares during the period. Point72 DIFC Ltd boosted its holdings in shares of Resources Connection by 32.5% in the 3rd quarter. Point72 DIFC Ltd now owns 7,074 shares of the company’s stock valued at $69,000 after buying an additional 1,735 shares during the last quarter. Quarry LP acquired a new stake in shares of Resources Connection in the third quarter valued at approximately $95,000. Intech Investment Management LLC bought a new stake in shares of Resources Connection during the 3rd quarter worth about $106,000. Finally, Sanctuary Advisors LLC acquired a new stake in Resources Connection during the 3rd quarter worth approximately $115,000. Institutional investors own 93.23% of the company’s stock.

Resources Connection Stock Up 1.4 %

NASDAQ RGP opened at $6.75 on Friday. The company has a market capitalization of $223.36 million, a P/E ratio of -3.63 and a beta of 0.61. Resources Connection, Inc. has a 12-month low of $6.62 and a 12-month high of $13.29. The firm has a 50-day moving average price of $7.65 and a two-hundred day moving average price of $8.32.

Resources Connection Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.14 per share. The ex-dividend date was Friday, February 14th. This represents a $0.56 annualized dividend and a dividend yield of 8.30%. Resources Connection’s dividend payout ratio is -30.11%.

Resources Connection 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.