Trigran Investments Amends HACKETT GROUP Stake (13G/A)

TL;DR

**Trigran Investments just updated their HACKETT GROUP stake, keeping an eye on institutional moves.**

AI Summary

Trigran Investments, Inc. filed an amended Schedule 13G/A on February 9, 2024, indicating their ownership in The Hackett Group, Inc. (HACKETT GROUP, INC.) as of December 31, 2023. This filing, Amendment No. 5, updates their previous disclosures regarding their stake in the company. This matters to investors because it provides transparency into significant institutional ownership, which can influence stock stability and investor confidence.

Why It Matters

This filing shows an update to a significant institutional investor's position, which can signal their ongoing confidence or changes in their investment strategy for The Hackett Group, Inc.

Risk Assessment

Risk Level: low — An amended 13G filing is a routine disclosure of ownership and generally does not indicate immediate high risk.

Analyst Insight

An investor should note that a significant institutional investor, Trigran Investments, Inc., has updated their ownership disclosure for The Hackett Group, Inc. This is a routine update, but monitoring subsequent filings for changes in their stake could provide insight into institutional sentiment.

Key Numbers

• 404609109 — CUSIP Number (identifies The Hackett Group, Inc.'s Common Stock)
• 005-55547 — SEC File Number (identifies The Hackett Group, Inc.'s registration with the SEC)
• Amendment No. 5 — Filing Amendment Number (indicates this is the fifth amendment to the original Schedule 13G filing by Trigran Investments, Inc.)

Key Players & Entities

• Trigran Investments, Inc. (company) — the reporting person filing the SC 13G/A
• The Hackett Group, Inc. (company) — the subject company in which shares are owned
• Bradley F. Simon (person) — a group member associated with the filing
• Douglas Granat (person) — a group member associated with the filing
• Lawrence A. Oberman (person) — a group member associated with the filing
• Steven G. Simon (person) — a group member associated with the filing
• Steven R. Monieson (person) — a group member associated with the filing
• December 31, 2023 (date) — the date of the event requiring the filing
• February 9, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Trigran Investments, Inc. will continue to hold a significant stake in The Hackett Group, Inc. (Trigran Investments, Inc.) — medium confidence, target: Q2 2024
• The Hackett Group, Inc.'s stock price will remain relatively stable due to consistent institutional ownership. (The Hackett Group, Inc.) — low confidence, target: Q3 2024

FAQ

Key Financial Figures

• $0.001 — of Issuer) Common Stock, Par Value of $0.001 Per Share (Title of Class of Securiti

Filing Documents

• tm243940d2_sc13ga.htm (SC 13G/A) — 107KB
• tm243940d2_ex-1.htm (EX-1) — 7KB
• 0001104659-24-012717.txt ( ) — 116KB

From the Filing

SC 13G/A 1 tm243940d2_sc13ga.htm SC 13G/A UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Rule 13d-102) Information Statement Pursuant to Rules 13d-1 Under the Securities Exchange Act of 1934 (Amendment No. 5)* THE HACKETT GROUP, INC. (Name of Issuer) Common Stock, Par Value of $0.001 Per Share (Title of Class of Securities) 404609109 (CUSIP Number) December 31, 2023 Date of Event Which Requires Filing of the Statement Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 404609109 Schedule 13G Page 2 of 12 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Trigran Investments, Inc. 2. Check the Appropriate Box if a Member of a Group (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization Illinois corporation Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 0 6. Shared Voting Power 1,753,930 shares of common stock 7. Sole Dispositive Power 0 8. Shared Dispositive Power 1,837,635 shares of common stock 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,837,635 shares of common stock (1) 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares 11. Percent of Class Represented by Amount in Row (9) Approximately 6.7% (based on 27,237,502 shares of common stock issued and outstanding as of November 3, 2023, pursuant to The Hackett Group, Inc. Form 10-Q filed with the SEC on November 8, 2023) 12. Type of Reporting Person IA/CO (1) The Reporting Person disclaims beneficial CUSIP No. 404609109 Schedule 13G Page 3 of 12 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Douglas Granat 2. Check the Appropriate Box if a Member of a Group (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization U.S. Citizen Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 0 6. Shared Voting Power 1,753,930 shares of common stock 7. Sole Dispositive Power 0 8. Shared Dispositive Power 1,837,635 shares of common stock 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,837,635 shares of common stock (1) 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares 11. Percent of Class Represented by Amount in Row (9) Approximately 6.7% (based on 27,237,502 shares of common stock issued and outstanding as of November 3, 2023, pursuant to The Hackett Group, Inc. Form 10-Q filed with the SEC on November 8, 2023) 12. Type of Reporting Person IN/HC (1) The Reporting Person disclaims beneficial ownership of the shares reported in this Schedule 13G, except to the extent of his pecuniary interest. CUSIP No. 404609109 Schedule 13G Page 4 of 12 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Lawrence A. Oberman 2. Check the Appropriate Box if a Member of a Group (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization U.S. Citizen Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 0 6. Shared Voting Power 1,753,930 shares of common stock 7. Sole Dispositive Power 0 8. Shared Dispositive Power 1,837,635 shares of common stock 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,837,635 shares of common stock (1) 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares 11. Percent of Class Represented by Amount in Row (9) Approximately 6.7% (based on 27,237,502 shares of common stock issued and outstanding as of November 3, 2023, pursuant to The Hackett Group, Inc. Form 10-Q filed with the SEC on November 8, 2023) 12. Type of Reporting Person IN/HC (1) The Reporting Person disclaims beneficial ownership of the shares reported in this Schedule 13G, except to the extent of his pecuniary interest. CUSIP No. 404609109 Schedule 13G Page 5 of 12 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Steven G. Simon 2. Check the Appropriate Box if a Member of a Group (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization U.S. Citizen Nu

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