Heidrick & Struggles International (NASDAQ:HSII) Shares Gap Down - Here's What Happened

Heidrick & Struggles International, Inc. (NASDAQ:HSII - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $41.81, but opened at $40.82. Heidrick & Struggles International shares last traded at $40.23, with a volume of 23,589 shares changing hands.

Analyst Ratings Changes

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

Heidrick & Struggles International Stock Performance

The business has a 50 day moving average of $42.35 and a 200-day moving average of $43.26. The company has a market capitalization of $782.93 million, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 0.91 and a beta of 0.86.

Heidrick & Struggles International Dividend Announcement

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

Insider Activity

In other Heidrick & Struggles International news, CEO Thomas L. Monahan acquired 5,000 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $45.55 per share, with a total value of $227,750.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Heidrick & Struggles International

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its position in Heidrick & Struggles International by 280.9% in the third quarter. Barclays PLC now owns 37,476 shares of the business services provider's stock worth $1,456,000 after acquiring an additional 27,637 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Heidrick & Struggles International by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 40,305 shares of the business services provider's stock worth $1,566,000 after purchasing an additional 6,990 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Heidrick & Struggles International by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 495,513 shares of the business services provider's stock valued at $19,259,000 after purchasing an additional 18,771 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Heidrick & Struggles International by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 1,517,661 shares of the business services provider's stock valued at $67,248,000 after buying an additional 14,035 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Heidrick & Struggles International in the 4th quarter worth approximately $638,000. Hedge funds and other institutional investors own 90.13% of the company's stock.

About Heidrick & Struggles International

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.