Resources Connection (RGP) reported fiscal first-quarter 2027 revenue of $98.1 million, down from $120.2 million a year earlier. The company recorded a net loss of $8.0 million, or $0.23 per diluted share, compared with a $2.4 million net loss, or $0.07 per diluted share, in the prior-year quarter.
Results covered the three months ended August 29, 2026. GAAP selling, general and administrative expenses declined to $43.1 million from $47.9 million, while gross margin decreased to 37.4% from 39.5%.
- Revenue was $98.086 million, compared with $120.229 million a year earlier.
- On a same-day constant-currency basis, revenue declined 18.4% year over year.
- On-Demand Talent revenue fell 13.2% to $38.6 million, while Consulting revenue declined 25.8% to $32.4 million.
- Cash and cash equivalents totaled $61.2 million as of August 29, 2026.
- The company paid a quarterly dividend of $0.07 per share on October 1, 2026.
$RGP Hedge Fund Activity
We have seen 73 institutional investors add shares of $RGP stock to their portfolio, and 68 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- TIETON CAPITAL MANAGEMENT, LLC added 2,817,636 shares (+inf%) to their portfolio in Q2 2026, for an estimated $11,974,953
- BLACKROCK, INC. removed 1,611,962 shares (-58.7%) from their portfolio in Q2 2026, for an estimated $6,850,838
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 813,385 shares (+inf%) to their portfolio in Q2 2026, for an estimated $3,456,886
- SEI INVESTMENTS CO removed 615,660 shares (-46.3%) from their portfolio in Q2 2026, for an estimated $2,616,555
- GEODE CAPITAL MANAGEMENT, LLC removed 447,467 shares (-52.4%) from their portfolio in Q2 2026, for an estimated $1,901,734
- PACIFIC RIDGE CAPITAL PARTNERS, LLC added 402,203 shares (+768.6%) to their portfolio in Q2 2026, for an estimated $1,709,362
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC removed 400,528 shares (-33.0%) from their portfolio in Q2 2026, for an estimated $1,702,244
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
