The Hackett Group Inc. (HCKT) Shares Down 2.5%
The Hackett Group Inc. (NASDAQ:HCKT) shares fell 2.5% during mid-day trading on Monday . The company traded as low as $13.89 and last traded at $13.92, with a volume of 83,349 shares traded. The stock had previously closed at $14.27.
Separately, Zacks Investment Research downgraded The Hackett Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th.
The company has a market capitalization of $405.04 million and a PE ratio of 30.67. The firm’s 50-day moving average price is $13.91 and its 200-day moving average price is $14.33.
The business also recently declared a semiannual dividend, which was paid on Monday, July 11th. Shareholders of record on Thursday, June 30th were given a $0.13 dividend. This is an increase from The Hackett Group’s previous semiannual dividend of $0.10. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a dividend yield of 1.77%.
Several hedge funds and institutional investors have made changes to their positions in HCKT. Cornerstone Capital Management Holdings LLC. increased its position in shares of The Hackett Group by 74.7% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 89,953 shares of the company’s stock worth $1,446,000 after buying an additional 38,453 shares in the last quarter. Coe Capital Management LLC increased its position in shares of The Hackett Group by 27.5% in the fourth quarter. Coe Capital Management LLC now owns 90,377 shares of the company’s stock worth $1,452,000 after buying an additional 19,477 shares in the last quarter. Systematic Financial Management LP acquired a new position in shares of The Hackett Group during the fourth quarter worth about $1,669,000. Finally, Wells Fargo & Company MN increased its position in shares of The Hackett Group by 6.9% in the fourth quarter. Wells Fargo & Company MN now owns 729,234 shares of the company’s stock worth $11,718,000 after buying an additional 46,871 shares in the last quarter.
The Hackett Group, Inc is an advisory firm. The Company offers advisory, benchmarking, and transformation consulting services, including shared services, off shoring and outsourcing advice. Through its Archstone Consulting group (Archstone), the Company offers strategy and operations consulting services in the consumer and industrial products, pharmaceutical, manufacturing and financial services industry sectors.
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