DGS Capital Management LLC Invests $149,000 in Resources Connection, Inc. (NASDAQ:RGP)

DGS Capital Management LLC bought a new position in Resources Connection, Inc. (NASDAQ:RGP) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 10,549 shares of the company’s stock, valued at approximately $149,000.

Other large investors have also recently made changes to their positions in the company. Covestor Ltd increased its holdings in shares of Resources Connection by 483.7% in the 1st quarter. Covestor Ltd now owns 1,652 shares of the company’s stock worth $28,000 after buying an additional 1,369 shares during the last quarter. Quarry LP boosted its stake in shares of Resources Connection by 70.2% during the 1st quarter. Quarry LP now owns 2,042 shares of the company’s stock worth $35,000 after purchasing an additional 842 shares during the period. Captrust Financial Advisors boosted its stake in shares of Resources Connection by 41.7% during the 1st quarter. Captrust Financial Advisors now owns 2,659 shares of the company’s stock worth $46,000 after purchasing an additional 783 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of Resources Connection during the 3rd quarter worth about $61,000. Finally, Point72 Middle East FZE purchased a new position in shares of Resources Connection during the 2nd quarter worth about $118,000. 93.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on RGP. Robert W. Baird dropped their price target on shares of Resources Connection from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, April 4th. StockNews.com cut shares of Resources Connection from a “buy” rating to a “hold” rating in a research note on Sunday, February 25th.

Resources Connection Price Performance

Resources Connection stock opened at $11.01 on Thursday. The stock has a market cap of $372.25 million, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 2.34 and a beta of 0.61. Resources Connection, Inc. has a 1 year low of $10.59 and a 1 year high of $17.24. The firm has a 50-day moving average of $12.97 and a two-hundred day moving average of $13.51.

Resources Connection (NASDAQ:RGP) last released its quarterly earnings data on Wednesday, April 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.18. The company had revenue of $151.31 million during the quarter, compared to analysts’ expectations of $152.77 million. Resources Connection had a net margin of 3.34% and a return on equity of 6.86%. The firm’s quarterly revenue was down 19.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. Research analysts expect that Resources Connection, Inc. will post 0.32 earnings per share for the current year.

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.