The Hackett Group, Inc. (NASDAQ:HCKT) to Issue $0.12 Quarterly Dividend

Key Points

• The Hackett Group has declared a quarterly dividend of $0.12 per share, scheduled for distribution on October 3rd to investors recorded by September 19th.
• Despite a 9.0% decline in stock price, The Hackett Group maintains a payout ratio of 26.2%, indicating solid coverage of its dividend by earnings.
• Institutional investors hold 78.12% of The Hackett Group's stock, with notable increases in holdings by several large investors this year.

The Hackett Group, Inc. (NASDAQ:HCKT - Get Free Report) declared a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Investors of record on Friday, September 19th will be given a dividend of 0.12 per share by the business services provider on Friday, October 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, September 19th.

The Hackett Group has a payout ratio of 26.2% indicating that its dividend is sufficiently covered by earnings.

The Hackett Group Stock Down 9.0%

NASDAQ HCKT traded down $2.06 during trading on Wednesday, reaching $20.72. 1,140,261 shares of the company's stock were exchanged, compared to its average volume of 167,318. The Hackett Group has a fifty-two week low of $19.39 and a fifty-two week high of $34.02. The firm has a market capitalization of $573.01 million, a PE ratio of 24.38, a P/E/G ratio of 1.36 and a beta of 0.96. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.16. The company's fifty day simple moving average is $24.33 and its 200-day simple moving average is $26.88.

Institutional Investors Weigh In On The Hackett Group

Several large investors have recently modified their holdings of the business. CWC Advisors LLC. increased its holdings in shares of The Hackett Group by 2.6% in the second quarter. CWC Advisors LLC. now owns 16,600 shares of the business services provider's stock worth $422,000 after acquiring an additional 428 shares in the last quarter. Values First Advisors Inc. increased its holdings in shares of The Hackett Group by 0.5% in the first quarter. Values First Advisors Inc. now owns 80,453 shares of the business services provider's stock worth $2,350,000 after acquiring an additional 438 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of The Hackett Group by 48.9% during the first 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of The Hackett Group by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,393 shares of the business services provider's stock worth $442,000 after buying an additional 503 shares in the last quarter. Finally, Greenwood Capital Associates LLC grew its holdings in shares of The Hackett Group by 3.6% during the first quarter. Greenwood Capital Associates LLC now owns 16,058 shares of the business services provider's stock worth $469,000 after buying an additional 558 shares in the last quarter. 78.12% of the stock is currently owned by institutional investors.

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.

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