The Hackett Group (NASDAQ:HCKT) Sees Strong Trading Volume

The Hackett Group, Inc. (NASDAQ:HCKTGet Rating) shares saw unusually-strong trading volume on Tuesday . Approximately 25,605 shares changed hands during trading, a decline of 82% from the previous session’s volume of 146,045 shares.The stock last traded at $22.71 and had previously closed at $22.67.

Analyst Upgrades and Downgrades

Separately, assumed coverage on The Hackett Group in a research report on Wednesday, October 12th. They set a “strong-buy” rating for the company.

The Hackett Group Trading Up 0.8 %

The company has a fifty day moving average of $20.30 and a 200-day moving average of $20.35. The stock has a market cap of $722.19 million, a PE ratio of 15.50, a P/E/G ratio of 1.29 and a beta of 0.76.

The Hackett Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Friday, December 23rd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, December 22nd. The Hackett Group’s dividend payout ratio (DPR) is 29.93%.

Hedge Funds Weigh In On The Hackett Group

Several hedge funds have recently bought and sold shares of HCKT. Dorsey Wright & Associates acquired a new position in The Hackett Group in the second quarter valued at $41,000. Amalgamated Bank acquired a new position in shares of The Hackett Group during the first quarter worth approximately $90,000. First Horizon Advisors Inc. acquired a new stake in The Hackett Group in the second quarter worth approximately $77,000. Advisor Group Holdings Inc. lifted its position in The Hackett Group by 22.4% in the first quarter. Advisor Group Holdings Inc. now owns 4,310 shares of the business services provider’s stock worth $99,000 after purchasing an additional 790 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of The Hackett Group in the second quarter valued at $111,000. Hedge funds and other institutional investors own 77.71% of the company’s stock.

The Hackett Group Company Profile

(Get Rating)

The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and internationally. It offers best practice intelligence center, an online searchable repository; best practice accelerators that provide web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry for access to fact-based advice on proven approaches and methods; best practice research that provides insights into the proven approaches; and peer interaction comprising member-led webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content, as well as intellectual property as-a-service and Hackett Institute programs.

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