BlackRock Amends Hackett Group Stake (12th Amendment)
Ticker: HCKT · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1057379
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Hackett Group, signaling a portfolio adjustment.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 25, 2024, indicating a change in its ownership of Hackett Group Inc. Common Stock as of December 31, 2023. This amendment, number 12, updates their previous disclosures regarding their passive investment in the management consulting firm. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or investment strategy regarding Hackett Group Inc.
Why It Matters
Large institutional investors like BlackRock often influence market sentiment, and their adjusted holdings can be a signal to other investors about a company's prospects.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate significant risk.
Analyst Insight
Investors should note BlackRock's continued, albeit adjusted, passive interest in Hackett Group Inc. and consider it as part of their broader due diligence, but this filing alone doesn't suggest a strong buy or sell signal.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- HACKETT GROUP, INC. (company) — the subject company whose stock is being reported
- January 25, 2024 (date) — the filing date of the SC 13G/A
- December 31, 2023 (date) — the date of the event requiring the filing
- Amendment No: 12 (number) — the specific amendment number for this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 12)' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What company's stock is the subject of this filing?
The subject company is HACKETT GROUP INC, as stated under '(Name of Issuer) HACKETT GROUP INC' and 'SUBJECT COMPANY: COMPANY CONFORMED NAME: HACKETT GROUP, INC.'.
What was the date of the event that triggered this filing?
The date of the event which requires the filing of this statement was December 31, 2023, as specified in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Hackett Group Inc. is 404609109, as listed in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding HACKETT GROUP, INC. (HCKT).