Donald B. Murray Sells 1,526 Shares of Resources Connection, Inc. (NASDAQ:RGP) Stock

Resources Connection, Inc. (NASDAQ:RGPGet Rating) Director Donald B. Murray sold 1,526 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $20.99, for a total transaction of $32,030.74. Following the completion of the transaction, the director now directly owns 818,060 shares of the company’s stock, valued at $17,171,079.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Resources Connection Stock Down 2.8 %

Shares of RGP opened at $20.05 on Wednesday. The company has a market cap of $670.83 million, a PE ratio of 10.03 and a beta of 0.79. The business has a fifty day moving average of $19.77 and a 200 day moving average of $18.03. Resources Connection, Inc. has a 52-week low of $14.16 and a 52-week high of $23.18. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 0.14.

Resources Connection Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 21st. Investors of record on Wednesday, August 24th will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 23rd. This represents a $0.56 dividend on an annualized basis and a yield of 2.79%. Resources Connection’s dividend payout ratio is presently 28.00%.

Institutional Trading of Resources Connection

Institutional investors have recently bought and sold shares of the stock. North Star Investment Management Corp. lifted its position in shares of Resources Connection by 1.2% during the second quarter. North Star Investment Management Corp. now owns 54,260 shares of the company’s stock worth $1,105,000 after purchasing an additional 650 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Resources Connection by 0.7% during the fourth quarter. Rhumbline Advisers now owns 90,510 shares of the company’s stock worth $1,615,000 after purchasing an additional 669 shares during the last quarter. Public Sector Pension Investment Board lifted its position in shares of Resources Connection by 1.1% during the fourth quarter. Public Sector Pension Investment Board now owns 63,537 shares of the company’s stock worth $1,134,000 after purchasing an additional 680 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Resources Connection by 41.7% during the first quarter. Captrust Financial Advisors now owns 2,659 shares of the company’s stock worth $46,000 after purchasing an additional 783 shares during the last quarter. Finally, Texas Permanent School Fund lifted its position in shares of Resources Connection by 3.8% during the second quarter. Texas Permanent School Fund now owns 22,492 shares of the company’s stock worth $458,000 after purchasing an additional 815 shares during the last quarter. 79.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird raised their price target on Resources Connection from $21.00 to $25.00 in a research report on Monday, August 1st.

Resources Connection Company Profile

(Get Rating)

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.

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