GAMMA Investing LLC Has $3.36 Million Stock Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

GAMMA Investing LLC increased its position in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 2,890.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,483 shares of the business services provider's stock after purchasing an additional 11,099 shares during the quarter. GAMMA Investing LLC's holdings in The Hackett Group were worth $3,360,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Versant Capital Management Inc lifted its stake in shares of The Hackett Group by 48.9% during the 1st quarter. Versant Capital Management Inc now owns 1,410 shares of the business services provider's stock worth $41,000 after buying an additional 463 shares during the last quarter. Quantbot Technologies LP lifted its position in The Hackett Group by 52.5% during the fourth quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider's stock worth $128,000 after acquiring an additional 1,439 shares during the last quarter. ProShare Advisors LLC bought a new position in shares of The Hackett Group during the fourth quarter worth approximately $219,000. Arizona State Retirement System acquired a new stake in The Hackett Group during the 4th quarter worth approximately $221,000. Finally, Principal Financial Group Inc. acquired a new stake in The Hackett Group during the 4th quarter worth approximately $248,000. 78.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barrington Research lowered their price objective on The Hackett Group from $36.00 to $32.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen downgraded shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $31.33.

The Hackett Group Price Performance

Shares of HCKT stock traded down $0.13 during trading on Thursday, hitting $24.70. The company had a trading volume of 107,779 shares, compared to its average volume of 123,025. The firm has a market capitalization of $683.08 million, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 1.53 and a beta of 0.95. The Hackett Group, Inc. has a one year low of $21.12 and a one year high of $34.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 1.51. The stock's 50-day moving average price is $25.46 and its 200 day moving average price is $28.71.

The Hackett Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Friday, June 20th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, June 20th. The Hackett Group's dividend payout ratio (DPR) is currently 56.47%.

The Hackett Group Company Profile

The Hackett Group, Inc operates as an intellectual property-based executive advisory, strategic consulting, and digital transformation company in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions.