ExodusPoint Capital Management LP Buys New Shares in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

ExodusPoint Capital Management LP bought a new position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,602 shares of the business services provider's stock, valued at approximately $425,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HSII. Allianz Asset Management GmbH grew its position in shares of Heidrick & Struggles International by 39.2% during the 4th quarter. Allianz Asset Management GmbH now owns 599,411 shares of the business services provider's stock worth $26,560,000 after buying an additional 168,912 shares during the period. JPMorgan Chase & Co. grew its holdings in Heidrick & Struggles International by 398.7% during the fourth quarter. JPMorgan Chase & Co. now owns 200,982 shares of the business services provider's stock valued at $8,906,000 after purchasing an additional 160,677 shares during the period. American Century Companies Inc. increased its position in shares of Heidrick & Struggles International by 125.9% in the 4th quarter. American Century Companies Inc. now owns 287,569 shares of the business services provider's stock valued at $12,742,000 after buying an additional 160,257 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Heidrick & Struggles International by 345.3% during the fourth quarter. Alliancebernstein L.P. now owns 85,800 shares of the business services provider's stock worth $3,802,000 after acquiring an additional 66,530 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in Heidrick & Struggles International by 180.4% in the fourth quarter. Teacher Retirement System of Texas now owns 62,190 shares of the business services provider's stock valued at $2,756,000 after acquiring an additional 40,010 shares during the period. Institutional investors own 90.13% of the company's stock.

Heidrick & Struggles International Trading Down 2.2 %

NASDAQ HSII traded down $0.85 during trading hours on Friday, hitting $37.96. The company's stock had a trading volume of 120,600 shares, compared to its average volume of 154,851. The company has a market capitalization of $774.76 million, a PE ratio of 20.52, a price-to-earnings-growth ratio of 0.91 and a beta of 0.86. Heidrick & Struggles International, Inc. has a 52 week low of $29.03 and a 52 week high of $49.02. The company's 50-day simple moving average is $42.50 and its two-hundred day simple moving average is $43.23.

Heidrick & Struggles International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, March 13th. Heidrick & Struggles International's payout ratio is currently 150.00%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HSII shares. Truist Financial upped their price objective on Heidrick & Struggles International from $42.00 to $44.00 and gave the stock a "hold" rating in a research note on Tuesday. Barrington Research lifted their price target on shares of Heidrick & Struggles International from $50.00 to $52.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th.

Insiders Place Their Bets

In related news, CEO Thomas L. Monahan purchased 5,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $45.55 per share, with a total value of $227,750.00. Following the acquisition, the chief executive officer now owns 144,834 shares of the company's stock, valued at $6,597,188.70. This trade represents a 3.58 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.

Heidrick & Struggles International Company Profile

Heidrick & Struggles International, Inc engages in provision of leadership consulting, culture shaping and senior-level executive search services. It offers its clients build leadership teams through facilitating the recruitment, management and deployment of senior executives. It operates under the following segments: Americas, Europe, Asia Pacific, Heidrick Consulting, and On Demand Talent Business.