Dark Forest Capital Management LP Makes New Investment in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Dark Forest Capital Management LP purchased a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,255 shares of the business services provider's stock, valued at approximately $1,963,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BAH. Bogart Wealth LLC grew its holdings in Booz Allen Hamilton by 387.5% in the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock valued at $25,000 after buying an additional 155 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Booz Allen Hamilton during the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC raised its stake in Booz Allen Hamilton by 144.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after purchasing an additional 134 shares during the period. SRS Capital Advisors Inc. boosted its holdings in Booz Allen Hamilton by 3,314.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock valued at $31,000 after purchasing an additional 232 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 91.82% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BAH. Raymond James raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a research report on Monday, February 3rd. Truist Financial decreased their price target on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company cut their price objective on Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $109.00 target price (down previously from $150.00) on shares of Booz Allen Hamilton in a research report on Friday, April 11th. Finally, TD Cowen reduced their price target on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $146.45.

Booz Allen Hamilton Stock Up 3.0 %

Booz Allen Hamilton stock opened at $115.25 on Wednesday. The firm has a market capitalization of $14.60 billion, a P/E ratio of 17.18, a P/E/G ratio of 1.25 and a beta of 0.58. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a twelve month low of $101.05 and a twelve month high of $190.59. The stock's fifty day simple moving average is $110.50 and its 200-day simple moving average is $134.01.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. As a group, equities analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.91%. The ex-dividend date was Friday, February 14th. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's payout ratio is 32.79%.

Booz Allen Hamilton 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.

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