Vest Financial LLC Buys Shares of 16,599 Resources Connection, Inc. (NASDAQ:RGP)

Vest Financial LLC acquired a new position in Resources Connection, Inc. (NASDAQ:RGPFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,599 shares of the company’s stock, valued at approximately $235,000.

Other hedge funds have also recently made changes to their positions in the company. State of Wyoming increased its position in Resources Connection by 7.7% during the 2nd quarter. State of Wyoming now owns 10,756 shares of the company’s stock valued at $169,000 after purchasing an additional 769 shares during the period. Captrust Financial Advisors grew its position in shares of Resources Connection by 41.7% in the 1st quarter. Captrust Financial Advisors now owns 2,659 shares of the company’s stock worth $46,000 after buying an additional 783 shares during the period. Legal & General Group Plc grew its position in shares of Resources Connection by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 73,183 shares of the company’s stock worth $1,491,000 after buying an additional 832 shares during the period. Quarry LP grew its position in shares of Resources Connection by 70.2% in the 1st quarter. Quarry LP now owns 2,042 shares of the company’s stock worth $35,000 after buying an additional 842 shares during the period. Finally, Credit Suisse AG grew its position in shares of Resources Connection by 3.9% in the 3rd quarter. Credit Suisse AG now owns 25,601 shares of the company’s stock worth $462,000 after buying an additional 958 shares during the period. 83.96% of the stock is currently owned by institutional investors.

Resources Connection Price Performance

Shares of Resources Connection stock opened at $13.17 on Friday. The stock has a market cap of $441.33 million, a price-to-earnings ratio of 16.67, a PEG ratio of 1.53 and a beta of 0.62. The firm’s 50-day moving average is $13.41 and its 200 day moving average is $13.90. Resources Connection, Inc. has a 1 year low of $12.50 and a 1 year high of $17.99.

Resources Connection (NASDAQ:RGPGet Free Report) last announced its quarterly earnings results on Wednesday, January 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. The company had revenue of $163.13 million for the quarter, compared to analysts’ expectations of $161.92 million. Resources Connection had a net margin of 3.80% and a return on equity of 8.14%. Resources Connection’s revenue was down 18.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS. On average, equities analysts expect that Resources Connection, Inc. will post 0.57 EPS for the current fiscal year.

Resources Connection Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 15th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.25%. The ex-dividend date was Wednesday, February 14th. Resources Connection’s dividend payout ratio is currently 70.89%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Resources Connection from a “buy” rating to a “hold” rating in a research report on Sunday, February 25th.

Check Out Our Latest Stock Analysis on Resources Connection

About Resources Connection

(Free Report)

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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Institutional Ownership by Quarter for Resources Connection (NASDAQ:RGP)

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