Resources Connection (RGP) News Today

Palisade Capital Management LP lowered its position in Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 20.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,139,031 shares of the company's stock af

Circumference Group LLC acquired a new stake in Resources Connection, Inc. (NASDAQ:RGP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 450,000 shares of the company's stock, valued at approximatel

Clark Estates Inc. NY bought a new position in shares of Resources Connection, Inc. (NASDAQ:RGP - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 72,000 shares of the company's stock, valued at approximately $1,020,000. Clark Estates Inc. NY

Noble Financial began coverage on Resources Connection in a research report on Wednesday. They issued an "outperform" rating and a $15.00 target price on the stock.

Resources Connection, Inc. (NASDAQ:RGP - Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 2,010,000 shares, an increase of 31.4% from the March 31st total of 1,530,000 shares. Approximately 6.4% of the shares of the stock are short sold. Based on an average daily volume of 450,500 shares, the short-interest ratio is presently 4.5 days.

Resources Connection, Inc. (NASDAQ:RGP) announced a quarterly dividend on Thursday, April 18th. Investors of record on Thursday, May 16th will be given a dividend of 0.14 per share on Thursday, June 13th. This represents a $0.56 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Wednesday, May 15th.

Robert W. Baird cut their price target on Resources Connection from $15.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday.

Resources Connection (NASDAQ:RGP - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.17 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.18. Resources Connection had a return on equity of 8.14% and a net margin of 3.80%. The company had revenue of $151.31 million during the quarter, compared to the consensus estimate of $152.77 million. During the same quarter in the prior year, the firm posted $0.32 EPS. The firm's revenue for the quarter was down 19.0% compared to the same quarter last year.

Resources Connection (NASDAQ:RGP) will be releasing earnings after the market closes on Wednesday, April 3, Zacks reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=577825)

AQR Capital Management LLC raised its holdings in shares of Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 41.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 555,153 shares of the company's stock after acqu

Verdad Advisers LP lessened its holdings in shares of Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 76.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,591 shares of the company's stock after selling

Aviva PLC cut its holdings in shares of Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 55.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,619 shares of the company's stock after selling 48,919 shares durin

Assenagon Asset Management S.A. grew its stake in Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 69.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 140,507 shares of the company's stock after acq

Resources Connection, Inc. (NASDAQ:RGP) declared a quarterly dividend on Thursday, January 18th. Investors of record on Thursday, February 15th will be paid a dividend of 0.14 per share on Thursday, March 14th. This represents a $0.56 annualized dividend and a yield of 4.25%. The ex-dividend date is Wednesday, February 14th.

Resources Connection, Inc. (NASDAQ:RGP - Get Free Report) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 952,500 shares, a drop of 20.6% from the December 15th total of 1,200,000 shares. Based on an average trading volume of 241,400 shares, the short-interest ratio is presently 3.9 days. Currently, 3.0% of the company's shares are sold short.

StockNews.com cut Resources Connection from a "buy" rating to a "hold" rating in a research note on Friday.

Resources Connection (NASDAQ:RGP - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.17 by $0.11. Resources Connection had a return on equity of 11.35% and a net margin of 5.30%. The business had revenue of $163.13 million for the quarter, compared to analyst estimates of $161.92 million. During the same quarter in the previous year, the firm earned $0.52 EPS. The company's quarterly revenue was down 18.6% compared to the same quarter last year.