SCHEDULE: Royce & Associates Discloses 6.48% Stake in Hackett Group

Royce & Associates LP has reported a 6.48% beneficial ownership stake in Hackett Group, Inc., holding 1,790,726 shares of common stock.

Summary

• Royce & Associates LP beneficially owns 1,790,726 shares of Hackett Group, Inc. common stock.
• This ownership represents 6.48% of the total class of securities.
• Royce & Associates LP holds sole voting power and sole dispositive power over all 1,790,726 shares.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• This filing is an Amendment No. 3 to a Schedule 13G, indicating an update to a previously reported ownership position.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership by an institutional investor, indicating a passive stake without any explicit positive or negative implications for the issuer's operational or financial performance.

Positives

• Royce & Associates LP, a notable investment adviser, maintains a significant 6.48% beneficial ownership in Hackett Group, Inc., indicating a substantial, passive investment.

Negatives

• No specific negative information regarding Hackett Group, Inc.'s operations or financial health is disclosed in this ownership filing.

Risks

• This Schedule 13G filing is solely for ownership disclosure and does not detail specific operational or financial risks pertaining to Hackett Group, Inc.

Future Outlook

NA

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Industry Context

This Schedule 13G filing primarily concerns an institutional investor's ownership stake and does not provide specific industry context for Hackett Group, Inc.'s business operations or market position.

Stakeholder Impact

• Shareholders: Disclosure of a significant institutional investor holding a 6.48% stake provides transparency regarding the ownership structure.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of an institutional investor's passive ownership stake and does not contain sufficient financial or operational information about Hackett Group, Inc. to warrant a 'buy' or 'sell' recommendation. Investors should consider the company's broader financial performance, strategic initiatives, and market conditions.

Keywords

Hackett Group, HCKT, Royce & Associates, Institutional Ownership, SEC Filing, Schedule 13G, Common Stock, Investment Adviser