Boston Partners Cuts Stake in Resources Connection, Inc. (NASDAQ:RGP)

Boston Partners lowered its stake in Resources Connection, Inc. (NASDAQ:RGP) by 33.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,429 shares of the company’s stock after selling 19,161 shares during the period. Boston Partners owned about 0.12% of Resources Connection worth $328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nisa Investment Advisors LLC increased its stake in Resources Connection by 2,171.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,134 shares of the company’s stock valued at $44,000 after purchasing an additional 4,908 shares during the last quarter. Point72 DIFC Ltd boosted its stake in Resources Connection by 32.5% in the third quarter. Point72 DIFC Ltd now owns 7,074 shares of the company’s stock valued at $69,000 after acquiring an additional 1,735 shares in the last quarter. Quarry LP acquired a new position in Resources Connection in the third quarter valued at $95,000. Intech Investment Management LLC purchased a new position in shares of Resources Connection during the third quarter worth about $106,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Resources Connection during the third quarter worth about $115,000. 93.23% of the stock is owned by institutional investors and hedge funds.

Resources Connection Stock Down 1.2 %

Shares of NASDAQ RGP opened at $6.77 on Monday. The business has a 50-day moving average price of $7.79 and a 200 day moving average price of $8.38. The stock has a market cap of $224.03 million, a PE ratio of -3.64 and a beta of 0.61. Resources Connection, Inc. has a 52-week low of $6.71 and a 52-week high of $13.29.

Resources Connection Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 8.27%. 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.