Resources Connection, Inc. (NASDAQ:RGP) Short Interest Update

Resources Connection, Inc. (NASDAQ:RGP) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 840,100 shares, a decrease of 18.4% from the December 15th total of 1,030,000 shares. Based on an average daily volume of 353,300 shares, the short-interest ratio is presently 2.4 days. Approximately 2.6% of the shares of the company are sold short.

Resources Connection Trading Down 0.7 %

Shares of RGP traded down $0.06 during mid-day trading on Friday, hitting $8.50. 458,652 shares of the company’s stock were exchanged, compared to its average volume of 412,138. Resources Connection has a fifty-two week low of $7.90 and a fifty-two week high of $14.29. The business’s 50 day moving average is $8.49 and its two-hundred day moving average is $9.30. The firm has a market capitalization of $281.27 million, a P/E ratio of -4.57 and a beta of 0.66.

Resources Connection Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.56 annualized dividend and a dividend yield of 6.59%. Resources Connection’s dividend payout ratio (DPR) is currently -30.11%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC raised its holdings in Resources Connection by 4.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 840,591 shares of the company’s stock worth $8,154,000 after purchasing an additional 34,570 shares in the last quarter. AQR Capital Management LLC increased its position in Resources Connection by 18.8% during the 2nd quarter. AQR Capital Management LLC now owns 836,558 shares of the company’s stock worth $9,236,000 after purchasing an additional 132,586 shares during the period. Horrell Capital Management Inc. raised its stake in shares of Resources Connection by 16.4% during the 3rd quarter. Horrell Capital Management Inc. now owns 815,000 shares of the company’s stock worth $7,906,000 after buying an additional 115,000 shares in the last quarter. Circumference Group LLC lifted its holdings in shares of Resources Connection by 16.4% in the 3rd quarter. Circumference Group LLC now owns 815,000 shares of the company’s stock valued at $7,906,000 after buying an additional 115,000 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Resources Connection by 3.1% in the third quarter. Geode Capital Management LLC now owns 784,529 shares of the company’s stock valued at $7,611,000 after buying an additional 23,943 shares in the last quarter. Institutional investors and hedge funds own 93.23% of the company’s stock.

Resources Connection Company 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.