Hilton Capital Management LLC Boosts Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Hilton Capital Management LLC boosted its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,717 shares of the business services provider’s stock after acquiring an additional 1,246 shares during the period. Booz Allen Hamilton accounts for approximately 1.3% of Hilton Capital Management LLC’s investment portfolio, making the stock its 16th biggest position. Hilton Capital Management LLC owned about 0.08% of Booz Allen Hamilton worth $16,393,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Opal Wealth Advisors LLC acquired a new stake in shares of Booz Allen Hamilton during the 2nd quarter worth approximately $26,000. OFI Invest Asset Management acquired a new stake in Booz Allen Hamilton during the second quarter worth $29,000. Peterson Financial Group Inc. purchased a new stake in Booz Allen Hamilton in the third quarter valued at $31,000. Innealta Capital LLC acquired a new position in Booz Allen Hamilton in the second quarter valued at about $34,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Booz Allen Hamilton during the first quarter valued at about $35,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

BAH has been the topic of several research reports. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. TD Cowen reduced their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their price target for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. Barclays increased their price objective on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $180.63.

Booz Allen Hamilton Price Performance

BAH opened at $137.87 on Wednesday. The company has a 50 day moving average of $165.14 and a two-hundred day moving average of $156.99. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. Booz Allen Hamilton Holding Co. has a 52-week low of $123.17 and a 52-week high of $190.59. The company has a market cap of $17.62 billion, a P/E ratio of 21.64, a P/E/G ratio of 1.79 and a beta of 0.58.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.48%. Booz Allen Hamilton’s dividend payout ratio is currently 32.03%.

Insider Transactions at Booz Allen Hamilton

In other news, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the sale, the executive vice president now owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This trade represents a 10.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is currently owned by insiders.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.