资源连接(纳斯达克：rgp)股价上涨4.2%

Resources Connection, Inc. (NASDAQ:RGP – Get Rating) shares shot up 4.2% during trading on Friday . The company traded as high as $16.26 and last traded at $16.07. 1,180 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 155,237 shares. The stock had previously closed at $15.42.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com lowered Resources Connection from a "strong-buy" rating to a "buy" rating in a research report on Friday. Bank of America upgraded Resources Connection from an "underperform" rating to a "neutral" rating in a research report on Monday, November 14th.

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Resources Connection Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.86 and a current ratio of 5.45. The firm has a market capitalization of $572.06 million, a P/E ratio of 7.60 and a beta of 0.78. The company has a 50-day moving average price of $18.64 and a 200-day moving average price of $19.20.

Resources Connection (NASDAQ:RGP – Get Rating) last issued its quarterly earnings data on Wednesday, October 5th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.29 by $0.24. The business had revenue of $204.06 million for the quarter, compared to the consensus estimate of $197.47 million. Resources Connection had a return on equity of 19.88% and a net margin of 9.14%. The firm's revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. On average, sell-side analysts predict that Resources Connection, Inc. will post 1.79 earnings per share for the current year.

Resources Connection Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, November 17th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Wednesday, November 16th. Resources Connection's payout ratio is presently 25.11%.

Insider Buying and Selling

In other Resources Connection news, Director Maltzan Marco Von acquired 2,000 shares of the company's stock in a transaction that occurred on Monday, October 10th. The shares were acquired at an average price of $15.91 per share, with a total value of $31,820.00. Following the purchase, the director now owns 2,000 shares of the company's stock, valued at approximately $31,820. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Resources Connection news, Director Anthony Cherbak sold 30,000 shares of Resources Connection stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $16.36, for a total value of $490,800.00. Following the sale, the director now owns 45,788 shares of the company's stock, valued at approximately $749,091.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maltzan Marco Von purchased 2,000 shares of the company's stock in a transaction on Monday, October 10th. The stock was purchased at an average cost of $15.91 per share, for a total transaction of $31,820.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at $31,820. The disclosure for this purchase can be found here. 8.04% of the stock is currently owned by company insiders.

Institutional Trading of Resources Connection

Hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd increased its position in shares of Resources Connection by 483.7% in the first quarter. Covestor Ltd now owns 1,652 shares of the company's stock valued at $28,000 after acquiring an additional 1,369 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Resources Connection by 41.7% in the first quarter. Captrust Financial Advisors now owns 2,659 shares of the company's stock valued at $46,000 after acquiring an additional 783 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of Resources Connection by 18.6% in the second quarter. Mutual of America Capital Management LLC now owns 5,226 shares of the company's stock valued at $106,000 after acquiring an additional 820 shares during the last quarter. UBS Group AG increased its position in shares of Resources Connection by 38.8% in the third quarter. UBS Group AG now owns 6,553 shares of the company's stock valued at $119,000 after acquiring an additional 1,833 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Resources Connection by 237.5% in the third quarter. Tower Research Capital LLC TRC now owns 7,085 shares of the company's stock valued at $128,000 after acquiring an additional 4,986 shares during the last quarter. Institutional investors and hedge funds own 84.42% of the company's stock.

About Resources Connection

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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.

Further Reading

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