SCHEDULE: Royce & Associates Discloses 2.1% Stake in Resources Connection

Royce & Associates LP has reported a 2.1% beneficial ownership stake in Resources Connection, Inc., holding 700,776 shares of common stock.

Summary

• Royce & Associates LP, an investment adviser, beneficially owns 700,776 shares of Resources Connection, Inc. common stock.
• This ownership represents 2.10% of the issuer's outstanding common stock.
• Royce & Associates LP holds sole voting power and sole dispositive power over all 700,776 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• The filing is an Amendment No. 9 to a previous Schedule 13G statement.

Sentiment

Score: 5

Explanation: The filing is a routine beneficial ownership disclosure (Schedule 13G Amendment) and does not contain information that would significantly alter the sentiment towards the company. It is a factual report of an existing stake.

Positives

• A reputable investment adviser, Royce & Associates LP, maintains a beneficial ownership stake in Resources Connection, Inc., indicating continued institutional interest.

Risks

• Royce & Associates LP disclaims any pecuniary interest in the reported securities.
• Royce & Associates LP disclaims being a 'group' with Franklin Resources, Inc. (FRI) affiliates or the Principal Shareholders (Charles B. Johnson and Rupert H. Johnson, Jr.) for reporting purposes under Rule 13d-5 of the Act.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding the issuer's future performance or operations.

Industry Context

Resources Connection, Inc. (RGP) operates in the professional services and consulting industry. The disclosure of a passive stake by an investment adviser like Royce & Associates LP is a routine event in the investment landscape, reflecting portfolio management decisions rather than specific industry trends.

Related Party Transactions

• The securities are beneficially owned by investment management clients of Royce & Associates, LP (RALP), an indirect majority-owned subsidiary of Franklin Resources, Inc. (FRI).
• RALP exercises sole investment discretion and voting authority over these securities, independently from FRI and other FRI affiliates.
• Informational barriers are established between RALP and FRI affiliates to prevent the flow of information related to voting and investment powers.
• Beneficial ownership is not attributed to Charles B. Johnson and Rupert H. Johnson, Jr., the principal stockholders of FRI, due to RALP's independent exercise of voting and investment powers.

Stakeholder Impact

• Shareholders of Resources Connection, Inc. are informed of the beneficial ownership stake held by Royce & Associates LP, a notable institutional investor.

Key Dates

Keywords

Resources Connection, RGP, Royce & Associates, Investment Adviser, Beneficial Ownership, Common Stock, SEC Filing, Schedule 13G