Pacific Ridge Capital Partners LLC acquired a new stake in The Hackett Group, Inc. (NASDAQ:HCKT – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,199 shares of the business services provider’s stock, valued at approximately $656,000. Pacific Ridge Capital Partners LLC owned about 0.11% of The Hackett Group at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Isthmus Partners LLC increased its stake in shares of The Hackett Group by 1.1% in the 2nd quarter. Isthmus Partners LLC now owns 164,195 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 1,763 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in The Hackett Group in the first quarter worth $55,000. CWM LLC boosted its position in shares of The Hackett Group by 78.4% during the second quarter. CWM LLC now owns 4,667 shares of the business services provider’s stock worth $101,000 after purchasing an additional 2,051 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of The Hackett Group during the fourth quarter worth $110,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of The Hackett Group by 18.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider’s stock valued at $183,000 after buying an additional 1,283 shares in the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.
The Hackett Group Trading Down 0.4 %
HCKT opened at $25.97 on Friday. The stock has a market capitalization of $717.14 million, a P/E ratio of 20.61, a P/E/G ratio of 1.46 and a beta of 0.91. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.26. The Hackett Group, Inc. has a 12 month low of $20.23 and a 12 month high of $27.68. The firm’s fifty day simple moving average is $25.80 and its 200 day simple moving average is $23.65.
The Hackett Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Friday, September 20th. The Hackett Group’s dividend payout ratio (DPR) is currently 34.92%.
Analysts Set New Price Targets
A number of research analysts have issued reports on HCKT shares. Barrington Research reissued an “outperform” rating and issued a $28.00 target price on shares of The Hackett Group in a research note on Wednesday. Roth Capital lowered The Hackett Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th.
View Our Latest Stock Report on The Hackett Group
About The Hackett Group
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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