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Cubist Systematic Strategies LLC acquires 75,893 Resources Connection, Inc. shares (NASDAQ:RGP)

Cubist Systematic Strategies LLC acquires 75,893 Resources Connection, Inc. shares (NASDAQ:RGP)

The most recent Form 13F filing that the company made with the SEC reveals that during the third quarter, Cubist Systematic Strategies LLC increased its holdings in Resources Connection, Inc. (NASDAQ: RGP) by a factor that is 4588.0% higher than it was at the beginning of the period. As a result of the fund’s purchase of an additional 75,893 shares of the company’s stock during the quarter, the fund’s total number of shares of the company’s stock is now 92,435. Cubist Systematic Strategies LLC disclosed in its most recent filing with the SEC that it has a holding in Resources Connection with an estimated value of approximately $1,670,000. This holding is equivalent to approximately 0.27% of the company’s total outstanding shares.

Over the past few months, several other institutional investors and hedge funds have been extremely active in buying and selling business shares. Citigroup, Inc. increased the percentage of Resources Connection shares it owned by 14.0 percent over the first three months of the year. After making an additional purchase of 3,364 shares during the most recent fiscal quarter, Citigroup Inc. now owns 27,419 shares, which have a value of $470,000. This is because the company made an additional purchase during that quarter. During the first quarter, MetLife Investment Management LLC increased the amount of Resources Connection stock held by 57.0 percent. After purchasing an additional 6,401 shares during the most recent quarter of the fiscal year, MetLife Investment Management LLC now has a total of 17,632 shares of the company, which are currently valued at $302,000. During this most recent fiscal quarter, the company made this purchase. By investing in Resources Connection during the first quarter of the fiscal year, the Commonwealth of Pennsylvania Public School Employees Retirement System realized a return on their money that was 11.8% higher than they had anticipated. After purchasing an additional 2,781 shares during the most recent quarter, the Commonwealth of Pennsylvania Public School Empls Retreat SYS now owns 26,359 shares, valued at $452,000. During the most recent quarter, these shares were acquired. During the first three months of 2018, Sei Investments Company acquired an additional 34.2% ownership stake in Resources Connection. In the most recent fiscal period, Sei Investments Company increased its holdings of company stock by purchasing an additional 14,831 shares, bringing their total purchase of shares to 58,204, which had a value of $999,000. Last but not least, during the first three months of the year, Aviva PLC increased the size of its holdings by making a new investment in Resources Connection for $1,553,000. Institutions own the company’s equity to 84.42%.

RGP has been a topic of discussion at a few different brokerages over the past few weeks. Bank of America changed the rating they had previously given to Resources Connection from “underperform” to “neutral” in a study that was made public on November 14. The findings of this study were made available to the general public. downgraded its recommendation for Resources Connection from a “strong-buy” rating to a “buy” rating in a report published on Friday, January 6.

According to reports from other sources regarding the Resources Connection, director Anthony Cherbak sold 30,000 shares of the company’s stock on Friday, January 6. This transaction was reported in other news regarding the Resources Connection. The total value of the company’s stock that changed hands was $490,800.00, with each share of stock changing hands for an average price of $16.36. The director now directly owns 45,788 company shares, which have a combined value of $749,091.68 as a direct consequence of the sale. A document containing the information given to the Securities and Exchange Commission regarding the transaction can be found on this website. The document contains all of the information that was given to the SEC. Employees currently employed by the company own 7.46% of the total number of shares in the company.

Following an increase of $0.19 during the day on Thursday, the share price of RGP reached $17.18 per share. The total number of company stock shares that changed hands during trading was 2,344, significantly lower than the daily average volume of 295,744 shares. There is a ratio of 2.76 between current assets and current liabilities, 2.76 between quick assets and current liabilities, and a ratio of 0.05 between debt and equity. All three ratios are identical. Resources Connection, Inc.’s current price is at the same level as the yearly high and low points, which are $23.18. The moving average price of the company over the past fifty days is $18.52, and the moving average price over the past 200 days is $19.06. The company’s current market value is $577.83 million, the price-to-earnings ratio of the company is 7.62, and the company’s beta value is 0.78.

In addition, the company announced a quarterly dividend, and on December 15, that dividend was paid out to shareholders. On Friday, November 18, dividends for $0.14 per share were distributed to shareholders of record on the previous Thursday, November 17. The ex-dividend date for this dividend was on November 16 (a Wednesday), and the dividend itself took place on that day. This translates to a yield of 3.26% and a dividend payment of $0.56 yearly for every shareholder. At this time, the payout percentage for Resources Connection is 25.11 percent.


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