Royce & Associates Discloses Passive Stake in Hackett Group (HCKT)
Ticker: HCKT · Form: SC 13G · Filed: Jan 23, 2024 · CIK: 1057379
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
Related Tickers: HCKT
TL;DR
**Royce & Associates just revealed a passive stake in Hackett Group, signaling institutional confidence.**
AI Summary
Royce & Associates, LP, an investment firm, has filed an SC 13G indicating its ownership in Hackett Group, Inc. (HCKT) as of December 31, 2023. This filing is a routine disclosure for institutional investors and signals that Royce & Associates holds a significant, but passive, stake in Hackett Group. For investors, this means a notable institutional player sees value in HCKT, potentially lending credibility to the stock, but it doesn't suggest any immediate changes in company strategy or operations.
Why It Matters
This filing shows that a major institutional investor, Royce & Associates, LP, has a significant, passive stake in Hackett Group, Inc., which can be seen as a vote of confidence in the company's long-term prospects.
Risk Assessment
Risk Level: low — SC 13G filings are routine disclosures for passive institutional ownership and generally do not indicate immediate risks or major changes.
Analyst Insight
Investors should note that Royce & Associates, LP, a known institutional investor, holds a passive stake in Hackett Group, Inc. This could be a positive signal, but further research into Hackett Group's fundamentals and Royce & Associates' investment thesis would be prudent before making any investment decisions.
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- Hackett Group, Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- 404609109 (number) — the CUSIP number for Hackett Group, Inc. Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G filing, which is an information statement pursuant to Rules 13d-1 and 13d-2 under the Securities Exchange Act of 1934.
Who is the 'Reporting Person' in this filing?
The Reporting Person is Royce & Associates, LP, with an IRS Identification No. of 52-2343049.
What is the 'Subject Company' of this filing?
The Subject Company is Hackett Group, Inc., identified by the CIK 0001057379.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Hackett Group, Inc. is 404609109.
What was the 'Date of Event Which Requires Filing of this Statement'?
The Date of Event Which Requires Filing of this Statement was December 31, 2023.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 23, 2024 regarding HACKETT GROUP, INC. (HCKT).