Trigran Investments’ Holdings: Douglas Granat and Larry Oberman’s Top Moves

6. The Hackett Group, Inc. (NASDAQ:HCKT)

During the second quarter, Trigran’s position in The Hackett Group, Inc. (NASDAQ:HCKT) surged by 531,681 shares to 641,337 shares valued at $9.94 million. Another investor bullish on The Hackett Group, Inc. (NASDAQ:HCKT) is Marshall Wace LLC, which initiated a stake containing 236,300 shares during the second quarter.

After having registered a jump in February following better-than-expected financial results, The Hacket Group, Inc. (NASDAQ:HCKT)’s stock plunged in May on the back of the company missing top-line estimates and is currently 25% in the red year-to-date. The company’s second-quarter report posted earlier this month was also disappointing to investors, as revenue of $73.60 million was $800,000 lower than expected, although EPS of $0.25 was in-line with expectations. For the current quarter, the IP-based strategic consultancy expects net revenue of between $64.4 million and $66.2 million, while EPS is forecasted in the range of $0.24 to $0.26.

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