18,521 Shares in Resources Connection, Inc. $RGP Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC acquired a new stake in Resources Connection, Inc. (NASDAQ:RGP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,521 shares of the company’s stock, valued at approximately $99,000. Vanguard Personalized Indexing Management LLC owned approximately 0.06% of Resources Connection as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of RGP. SummerHaven Investment Management LLC boosted its position in Resources Connection by 3.3% during the second quarter. SummerHaven Investment Management LLC now owns 81,689 shares of the company’s stock worth $439,000 after acquiring an additional 2,582 shares during the last quarter. Strs Ohio purchased a new position in Resources Connection during the first quarter worth approximately $48,000. Empowered Funds LLC boosted its stake in Resources Connection by 7.3% during the first quarter. Empowered Funds LLC now owns 178,769 shares of the company’s stock worth $1,169,000 after buying an additional 12,231 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Resources Connection by 30.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 262,248 shares of the company’s stock valued at $1,715,000 after buying an additional 61,580 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Resources Connection in the 1st quarter worth $452,000. Hedge funds and other institutional investors own 93.23% of the company’s stock.

Insider Activity at Resources Connection

In other news, CEO Kate W. Duchene acquired 23,015 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was acquired at an average cost of $4.36 per share, with a total value of $100,345.40. Following the transaction, the chief executive officer owned 590,234 shares in the company, valued at approximately $2,573,420.24. This trade represents a 4.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Anthony Cherbak sold 10,000 shares of the business’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $4.50, for a total transaction of $45,000.00. Following the transaction, the director owned 15,000 shares of the company’s stock, valued at approximately $67,500. The trade was a 40.00% decrease in their position. The disclosure for this sale can be found here. Insiders own 7.91% of the company’s stock.

Resources Connection Price Performance

RGP stock opened at $4.54 on Monday. The business’s 50-day moving average is $4.89 and its two-hundred day moving average is $5.18. The firm has a market capitalization of $151.59 million, a P/E ratio of -0.79 and a beta of 0.62. Resources Connection, Inc. has a 1 year low of $4.23 and a 1 year high of $9.96.

Resources Connection Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 14th will be paid a $0.07 dividend. The ex-dividend date is Friday, November 14th. This represents a $0.28 dividend on an annualized basis and a yield of 6.2%. Resources Connection’s payout ratio is currently -4.90%.

Analyst Ratings Changes

Several brokerages have recently weighed in on RGP. Northcoast Research started coverage on shares of Resources Connection in a research report on Wednesday, September 24th. They set a “buy” rating and a $7.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Resources Connection in a research note on Saturday. Wall Street Zen cut shares of Resources Connection from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Finally, Noble Financial restated an “outperform” rating on shares of Resources Connection in a report on Monday, October 13th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.00.

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.