Trigran Investments Inc. Buys 121,103 Shares of The Hackett Group, Inc. $HCKT

Key Points

• Trigran Investments raised its stake in The Hackett Group by 17.9%, buying 121,103 shares to hold 796,403 shares (≈2.94% of the company) valued at $15.14 million, making HCKT its 15th largest position.
• Other institutions also increased exposure—Royce & Associates grew holdings 44.1% to 2.58M shares and Rhumbline rose 271.2%—leaving about 78.12% of HCKT owned by hedge funds and institutional investors.
• Analyst views are mixed with a MarketBeat consensus of "Hold" and a $20.50 price target; HCKT trades around $14.33 and pays a $0.12 quarterly dividend (3.3% yield) despite a payout ratio above 100%.

Trigran Investments Inc. lifted its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 17.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 796,403 shares of the business services provider's stock after buying an additional 121,103 shares during the quarter. The Hackett Group comprises 2.7% of Trigran Investments Inc.'s portfolio, making the stock its 15th largest position. Trigran Investments Inc. owned approximately 2.94% of The Hackett Group worth $15,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of HCKT. Royce & Associates LP grew its holdings in shares of The Hackett Group by 44.1% during the 3rd quarter. Royce & Associates LP now owns 2,581,331 shares of the business services provider's stock worth $49,071,000 after acquiring an additional 790,522 shares during the period. Rhumbline Advisers lifted its stake in shares of The Hackett Group by 271.2% in the 3rd quarter. Rhumbline Advisers now owns 146,663 shares of the business services provider's stock valued at $2,788,000 after purchasing an additional 107,157 shares during the period. Jane Street Group LLC boosted its position in shares of The Hackett Group by 103.0% during the second quarter. Jane Street Group LLC now owns 95,806 shares of the business services provider's stock valued at $2,435,000 after purchasing an additional 48,612 shares in the last quarter. SG Americas Securities LLC purchased a new stake in The Hackett Group in the third quarter worth $916,000. Finally, Aptus Capital Advisors LLC raised its holdings in The Hackett Group by 15.2% in the third quarter. Aptus Capital Advisors LLC now owns 311,169 shares of the business services provider's stock worth $5,915,000 after purchasing an additional 41,092 shares in the last quarter. 78.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HCKT shares. Zacks Research cut shares of The Hackett Group from a "hold" rating to a "strong sell" rating in a report on Friday, February 20th. Barrington Research dropped their price objective on shares of The Hackett Group from $27.00 to $17.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 18th. Roth Mkm set a $24.00 price objective on shares of The Hackett Group in a report on Wednesday, February 18th. Finally, Weiss Ratings upgraded shares of The Hackett Group from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, The Hackett Group presently has a consensus rating of "Hold" and a consensus price target of $20.50.

The Hackett Group Stock Up 1.7%

NASDAQ:HCKT opened at $14.33 on Friday. The firm has a market cap of $363.70 million, a P/E ratio of 30.49, a P/E/G ratio of 0.93 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.88 and a current ratio of 1.72. The Hackett Group, Inc. has a fifty-two week low of $12.76 and a fifty-two week high of $29.65. The firm has a 50-day simple moving average of $17.33 and a two-hundred day simple moving average of $18.69.

The Hackett Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Friday, March 20th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, March 20th. The Hackett Group's payout ratio is presently 102.13%.

The Hackett Group Profile

The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.

Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.

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