Resources Connection, Inc. (RGP) entered into a new $30 million revolving credit facility with PNC Bank on July 15, 2026, maturing in 2031. The facility is secured by substantially all of the company's assets and includes options to expand by up to $20 million. Interest rates are tied to SOFR or an alternate base rate, plus a margin that depends on the company's earnings. The proceeds will be used for working capital, capital expenditures, and other general corporate purposes.
Who are the top institutional investors holding RESOURCES CONNECTION INC (RGP)?
Major stakeholders currently include BlackRock, Inc. ($10.2M), Tieton Capital Management, LLC ($9.1M), Brandes Investment Partners, LP ($6.8M). Based on the latest 13F filings, there are a total of 139 tracked investment funds and institutions maintaining positions in RGP.
What is the overall institutional sentiment toward RGP recently?
Institutional sentiment appears Bearish (Net Selling). During the most recent reporting quarter, the stock experienced a net outflow of $20.9M, driven by 75 managers accumulating shares while 73 reduced their exposure.
Which institutions have been selling or reducing their RGP positions?
In the latest period, 44 funds trimmed their holdings, and 29 managers completely exited their positions. The aggregate reported sell value was $59.0M.
Are there any notable investors adding RGP to their portfolios?
Yes, buying activity remains notable. 27 institutions opened new positions in {ticker}, and 48 existing holders added to their shares. The total reported buy value for the quarter amounted to $51.1M.
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