Resources Connection, Inc. (NASDAQ:RGP) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its holdings in Resources Connection, Inc. (NASDAQ:RGP - Free Report) by 58.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 343,820 shares of the company's stock after acquiring an additional 126,796 shares during the period. Ameriprise Financial Inc. owned about 1.04% of Resources Connection worth $2,933,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Rhumbline Advisers boosted its holdings in shares of Resources Connection by 2.8% in the 4th quarter. Rhumbline Advisers now owns 51,444 shares of the company's stock valued at $439,000 after acquiring an additional 1,387 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Resources Connection by 17.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,249 shares of the company's stock valued at $105,000 after acquiring an additional 1,863 shares during the last quarter. LPL Financial LLC boosted its holdings in Resources Connection by 6.2% during the fourth quarter. LPL Financial LLC now owns 48,762 shares of the company's stock worth $416,000 after buying an additional 2,837 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Resources Connection by 9.5% during the fourth quarter. Victory Capital Management Inc. now owns 40,399 shares of the company's stock worth $345,000 after buying an additional 3,497 shares in the last quarter. Finally, Atria Investments Inc boosted its holdings in Resources Connection by 20.6% during the fourth quarter. Atria Investments Inc now owns 21,379 shares of the company's stock worth $182,000 after buying an additional 3,656 shares in the last quarter. 93.23% of the stock is owned by hedge funds and other institutional investors.

Resources Connection Stock Performance

NASDAQ RGP traded down $0.03 during mid-day trading on Friday, reaching $5.26. 205,578 shares of the stock were exchanged, compared to its average volume of 403,095. The business's 50 day moving average is $5.54 and its 200-day moving average is $7.20. Resources Connection, Inc. has a 1 year low of $4.81 and a 1 year high of $12.19. The company has a market capitalization of $173.94 million, a P/E ratio of -2.83 and a beta of 0.68.

Resources Connection Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 23rd will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, June 23rd. Resources Connection's dividend payout ratio (DPR) is presently -8.54%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their price target on shares of Resources Connection from $9.50 to $5.00 and set an "underweight" rating on the stock in a report on Thursday, April 3rd.

Insider Buying and Selling

In other Resources Connection news, Director David P. White sold 5,204 shares of the company's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $5.26, for a total transaction of $27,373.04. Following the completion of the transaction, the director now directly owns 24,331 shares in the company, valued at approximately $127,981.06. This represents a 17.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Bhadreskumar Patel acquired 9,900 shares of Resources Connection stock in a transaction on Monday, April 7th. The shares were bought at an average price of $5.05 per share, with a total value of $49,995.00. Following the completion of the transaction, the chief operating officer now directly owns 131,099 shares of the company's stock, valued at $662,049.95. This trade represents a 8.17% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 54,900 shares of company stock valued at $279,295. Corporate insiders own 3.39% of the company's stock.

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.