HCKT: Schedule 13G Shows Royce & Associates at 6.48% Ownership
Rhea-AI Filing Summary
Royce & Associates LP has filed Amendment No. 3 to Schedule 13G reporting passive ownership of 1,790,726 shares of The Hackett Group, Inc. (HCKT) common stock as of 30 June 2025. The position represents 6.48 % of the company’s outstanding shares, giving Royce & Associates sole voting and dispositive power over the entire block. No shares are held jointly and no other parties are identified as sharing voting or investment authority. The investment adviser certifies that the stake was acquired in the ordinary course of business and not for the purpose of influencing control of the issuer. Royce & Associates is a New York-based registered investment adviser and an indirect majority-owned subsidiary of Franklin Resources, Inc. The filing confirms that informational barriers exist between Royce and other Franklin affiliates, and the adviser disclaims beneficial ownership beyond its managed accounts. No additional transactions, purchase prices or intentions were disclosed.
Positive
- Royce & Associates, a respected small-cap value manager, reports a 6.48 % passive stake, signalling institutional confidence in HCKT.
- Sole voting and dispositive power suggests clear, uncomplicated ownership, reducing proxy uncertainty for other investors.
Negative
- None.
Insights
TL;DR – Passive 6.48 % stake by respected small-cap manager; signals institutional confidence but no control intent.
Royce & Associates is well known for value-oriented small-cap strategies. Its 1.79 million-share stake gives it meaningful, but non-controlling, influence in Hackett Group. Passive Schedule 13G status indicates no activist agenda, reducing governance friction risk. For investors, growing institutional sponsorship can increase trading liquidity and potentially support valuation multiples, yet it does not alter Hackett’s strategic direction. Impact is modest, leaning positive due to validation from a specialist manager.
TL;DR – Filing is routine; ownership clears 5 % threshold, triggering disclosure, with no change-of-control implications.
The certification language confirms ordinary-course accumulation. Sole voting and dispositive powers simplify proxy dynamics; management need only monitor, not negotiate. Because Royce disclaims group status with Franklin affiliates, cross-shareholder coordination risk is low. Overall governance impact is neutral; market perception may be slightly favorable given the calibre of the investor.