Dynamic Technology Lab Private Ltd Makes New $1.04 Million Investment in Resources Connection, Inc. (NASDAQ:RGP)

Dynamic Technology Lab Private Ltd bought a new stake in Resources Connection, Inc. (NASDAQ:RGPFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 107,561 shares of the company’s stock, valued at approximately $1,043,000. Dynamic Technology Lab Private Ltd owned approximately 0.32% of Resources Connection at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Nisa Investment Advisors LLC grew its position in shares of Resources Connection by 66.4% during the second quarter. Nisa Investment Advisors LLC now owns 2,554 shares of the company’s stock worth $28,000 after acquiring an additional 1,019 shares during the last quarter. CWM LLC boosted its stake in Resources Connection by 883.5% during the 2nd quarter. CWM LLC now owns 3,393 shares of the company’s stock worth $37,000 after purchasing an additional 3,048 shares during the period. Mather Group LLC. purchased a new position in Resources Connection during the 2nd quarter worth $44,000. Point72 DIFC Ltd acquired a new position in Resources Connection in the second quarter valued at $59,000. Finally, nVerses Capital LLC purchased a new stake in shares of Resources Connection in the third quarter valued at about $60,000. Institutional investors and hedge funds own 93.23% of the company’s stock.

Resources Connection Stock Performance

Shares of RGP opened at $8.44 on Wednesday. The company has a market capitalization of $282.49 million, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 3.40 and a beta of 0.67. Resources Connection, Inc. has a fifty-two week low of $7.90 and a fifty-two week high of $14.63. The firm has a 50-day simple moving average of $8.65 and a 200-day simple moving average of $9.96.

Resources Connection (NASDAQ:RGPGet Free Report) last announced its earnings results on Tuesday, October 1st. The company reported ($0.17) earnings per share 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 company had revenue of $136.94 million during the quarter, compared to analysts’ expectations of $137.82 million. During the same quarter last year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was down 19.5% compared to the same quarter last year. Equities research analysts forecast that Resources Connection, Inc. will post 0.16 EPS for the current year.

Resources Connection Announces Dividend

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

Resources Connection Company Profile

(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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