Resources Connection, Inc. (NASDAQ:RGP) CEO Kate W. Duchene Buys 20,000 Shares of Stock

Resources Connection, Inc. (NASDAQ:RGP) CEO Kate W. Duchene purchased 20,000 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of $5.14 per share, for a total transaction of $102,800.00. Following the completion of the transaction, the chief executive officer now directly owns 571,451 shares of the company’s stock, valued at $2,937,258.14. The trade was a 3.63 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Resources Connection Stock Down 2.3 %

Shares of RGP opened at $5.20 on Monday. Resources Connection, Inc. has a 52-week low of $4.81 and a 52-week high of $12.19. The stock has a fifty day simple moving average of $7.36 and a two-hundred day simple moving average of $8.14. The company has a market capitalization of $172.07 million, a PE ratio of -2.80 and a beta of 0.60.

Resources Connection Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 10.77%. The ex-dividend date was Friday, February 14th. Resources Connection’s dividend payout ratio (DPR) is presently -17.07%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their target price on Resources Connection from $9.50 to $5.00 and set an “underweight” rating on the stock in a report on Thursday.

Hedge Funds Weigh In On Resources Connection

Institutional investors and hedge funds have recently bought and sold shares of the company. Atria Investments Inc lifted its stake in shares of Resources Connection by 20.6% in the 4th quarter. Atria Investments Inc now owns 21,379 shares of the company’s stock valued at $182,000 after purchasing an additional 3,656 shares during the last quarter. Rhumbline Advisers lifted its position in Resources Connection by 2.8% in the fourth quarter. Rhumbline Advisers now owns 51,444 shares of the company’s stock valued at $439,000 after buying an additional 1,387 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Resources Connection by 45.6% in the fourth quarter. Sanctuary Advisors LLC now owns 17,329 shares of the company’s stock valued at $148,000 after buying an additional 5,430 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Resources Connection by 263.6% during the third quarter. BNP Paribas Financial Markets now owns 117,903 shares of the company’s stock worth $1,144,000 after buying an additional 85,472 shares during the period. Finally, Barclays PLC increased its position in shares of Resources Connection by 194.4% during the third quarter. Barclays PLC now owns 48,280 shares of the company’s stock valued at $468,000 after acquiring an additional 31,879 shares during the last quarter. 93.23% of the stock is currently owned by institutional investors and hedge funds.

About Resources Connection

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.