Clark Estates Inc. NY Has $2.01 Million Holdings in Resources Connection, Inc. (NASDAQ:RGP)

Clark Estates Inc. NY trimmed its position in Resources Connection, Inc. (NASDAQ:RGP) by 7.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 206,850 shares of the company’s stock after selling 16,600 shares during the period. Clark Estates Inc. NY’s holdings in Resources Connection were worth $2,006,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in RGP. BNP Paribas Financial Markets boosted its position in Resources Connection by 263.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 117,903 shares of the company’s stock worth $1,144,000 after acquiring an additional 85,472 shares during the period. FMR LLC increased its stake in Resources Connection by 403.4% in the 3rd quarter. FMR LLC now owns 17,408 shares of the company’s stock valued at $169,000 after buying an additional 13,950 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Resources Connection in the 3rd quarter worth approximately $1,043,000. Tieton Capital Management LLC boosted its stake in shares of Resources Connection by 43.4% during the 3rd quarter. Tieton Capital Management LLC now owns 578,086 shares of the company’s stock valued at $5,607,000 after buying an additional 174,836 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Resources Connection during the 3rd quarter valued at $106,000. 93.23% of the stock is owned by hedge funds and other institutional investors.

Resources Connection Trading Down 0.6 %

Shares of NASDAQ:RGP opened at $8.44 on Wednesday. The firm has a market cap of $282.49 million, a price-to-earnings ratio of 23.44, a P/E/G ratio of 3.43 and a beta of 0.67. Resources Connection, Inc. has a 1 year low of $7.90 and a 1 year high of $14.63. The business has a fifty day simple moving average of $8.65 and a 200 day simple moving average of $9.96.

Resources Connection (NASDAQ:RGP) last announced its quarterly earnings results on Tuesday, October 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.21). Resources Connection had a net margin of 2.04% and a return on equity of 3.69%. The firm had revenue of $136.94 million for the quarter, compared to analyst estimates of $137.82 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was down 19.5% compared to the same quarter last year. On average, sell-side analysts forecast that Resources Connection, Inc. will post 0.16 EPS for the current year.

Resources Connection Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 6.64%. The ex-dividend date of this dividend is Friday, November 15th. Resources Connection’s dividend payout ratio is 155.56%.

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.