Booz Allen Hamilton Holding Co. (NYSE:BAH) Sees Large Growth in Short Interest

Booz Allen Hamilton Holding Co. (NYSE:BAH) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 3,790,000 shares, a growth of 131.1% from the October 31st total of 1,640,000 shares. Approximately 3.0% of the company’s stock are sold short. Based on an average trading volume of 1,210,000 shares, the days-to-cover ratio is currently 3.1 days.

Insider Buying and Selling

In related news, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. This trade represents a 10.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the transaction, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $4,206,840. This represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock worth $1,989,220 over the last 90 days. 1.59% of the stock is owned by insiders.

Hedge Funds Weigh In On Booz Allen Hamilton

Several hedge funds and other institutional investors have recently bought and sold shares of BAH. Franklin Resources Inc. lifted its position in shares of Booz Allen Hamilton by 9.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,607 shares of the business services provider’s stock valued at $14,249,000 after acquiring an additional 7,271 shares during the period. Tidal Investments LLC raised its stake in Booz Allen Hamilton by 17.7% in the 3rd quarter. Tidal Investments LLC now owns 13,165 shares of the business services provider’s stock valued at $2,143,000 after acquiring an additional 1,979 shares during the period. World Investment Advisors LLC grew its position in Booz Allen Hamilton by 26.1% in the third quarter. World Investment Advisors LLC now owns 6,719 shares of the business services provider’s stock worth $1,094,000 after acquiring an additional 1,390 shares in the last quarter. Anchor Investment Management LLC lifted its stake in Booz Allen Hamilton by 865.7% during the third quarter. Anchor Investment Management LLC now owns 647 shares of the business services provider’s stock worth $105,000 after purchasing an additional 580 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its position in Booz Allen Hamilton by 41.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,358 shares of the business services provider’s stock worth $221,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

Shares of BAH stock traded up $0.83 on Friday, hitting $148.18. 540,927 shares of the company’s stock were exchanged, compared to its average volume of 827,443. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. Booz Allen Hamilton has a 12 month low of $123.17 and a 12 month high of $190.59. The stock has a market cap of $18.93 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 1.77 and a beta of 0.58. The company has a 50 day moving average of $163.86 and a 200 day moving average of $156.64.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be given a $0.51 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.38%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 32.03%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Barclays boosted their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Wells Fargo & Company reduced their target price on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their price objective for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Truist Financial cut their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Finally, StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $173.25.

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.