Incannex Healthcare stock tumbles after filing $100M offering
Roger Carlile, a director at Resources Connection, Inc. (NASDAQ:RGP), recently increased his stake in the company by purchasing 25,000 shares of common stock. The transaction, which took place on April 4, 2025, was executed at a price of $5.06 per share, amounting to a total investment of $126,499. According to InvestingPro data, this purchase comes as the stock trades significantly below its Fair Value, with a price-to-book ratio of just 0.53x and an attractive dividend yield of 10.77%. Following this acquisition, Carlile’s indirect ownership, through the Carlile Trust, now stands at 50,000 shares.
In addition to his indirect holdings, Carlile directly owns 16,554 shares of the company’s stock. The recent purchase reflects Carlile’s continued confidence in Resources Connection, a firm known for its business services offerings.
In other recent news, Resources Connection Inc. reported its second-quarter 2025 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of -$0.08, compared to the forecasted -$0.11. The company’s revenue was $129.4 million, aligning closely with the predicted $129.42 million. Despite these positive earnings results, the company announced a significant non-cash goodwill impairment charge of $42 million. Resources Connection maintains a strong cash position with $73 million and no outstanding debt, which provides a stable financial foundation. Analysts from firms like Baird and NOBLE Capital have shown interest in the company’s strategic initiatives and cost management efforts. The company anticipates fourth-quarter revenue to range between $132 million and $137 million, with a gross margin expected between 36% and 37%. Resources Connection has also been focusing on strategic investments in sales and global delivery centers to bolster long-term performance. The company continues to navigate macroeconomic uncertainties and geopolitical tensions, which pose challenges to the broader consulting market.
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