Granite Investment Partners LLC Acquires 6,895 Shares of The Hackett Group Inc. (HCKT)
Granite Investment Partners LLC raised its stake in The Hackett Group Inc. (NASDAQ:HCKT) by 6.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 108,517 shares of the company’s stock after buying an additional 6,895 shares during the period. Granite Investment Partners LLC owned about 0.38% of The Hackett Group worth $1,792,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in HCKT. Vanguard Group Inc. boosted its stake in shares of The Hackett Group by 11.4% in the second quarter. Vanguard Group Inc. now owns 1,468,908 shares of the company’s stock valued at $20,374,000 after buying an additional 150,727 shares during the period. Copper Rock Capital Partners LLC boosted its stake in shares of The Hackett Group by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 1,419,155 shares of the company’s stock valued at $19,684,000 after buying an additional 22,055 shares during the period. Hosking Partners LLP boosted its stake in shares of The Hackett Group by 12.9% in the third quarter. Hosking Partners LLP now owns 1,042,432 shares of the company’s stock valued at $17,221,000 after buying an additional 119,236 shares during the period. Renaissance Technologies LLC boosted its stake in shares of The Hackett Group by 2.4% in the first quarter. Renaissance Technologies LLC now owns 734,844 shares of the company’s stock valued at $11,111,000 after buying an additional 17,091 shares during the period. Finally, Thomson Horstmann & Bryant Inc. boosted its stake in shares of The Hackett Group by 4.4% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 609,766 shares of the company’s stock valued at $8,457,000 after buying an additional 25,614 shares during the period. 75.86% of the stock is currently owned by institutional investors.
Shares of The Hackett Group Inc. (NASDAQ:HCKT) traded down 0.34% on Monday, hitting $17.68. 23,276 shares of the stock traded hands. The company has a market cap of $504.82 million, a PE ratio of 30.64 and a beta of 1.01. The Hackett Group Inc. has a 12 month low of $12.44 and a 12 month high of $20.02. The firm’s 50 day moving average is $16.45 and its 200-day moving average is $15.37.
The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings data on Monday, November 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm earned $74.12 million during the quarter, compared to analysts’ expectations of $73.10 million. The Hackett Group had a return on equity of 23.77% and a net margin of 6.80%. The Hackett Group’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 earnings per share. Equities analysts predict that The Hackett Group Inc. will post $0.92 earnings per share for the current year.
The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, January 5th. Shareholders of record on Thursday, December 22nd will be given a $0.13 dividend. This represents a yield of 1.63%. The ex-dividend date of this dividend is Tuesday, December 20th. The Hackett Group’s payout ratio is 44.07%.
COPYRIGHT VIOLATION WARNING: This news story was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.thecerbatgem.com/2016/11/28/granite-investment-partners-llc-acquires-6895-shares-of-the-hackett-group-inc-hckt.html.
Several equities research analysts have issued reports on HCKT shares. Zacks Investment Research raised shares of The Hackett Group from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, November 10th. Barrington Research started coverage on shares of The Hackett Group in a research note on Monday, October 17th. They set an “outperform” rating and a $20.00 target price on the stock.
The Hackett Group Company Profile
The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.
Receive News & Stock Ratings for The Hackett Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hackett Group Inc. and related stocks with our FREE daily email newsletter.