Heidrick & Struggles International (NASDAQ:HSII) Shares Gap Up Following Dividend Announcement

Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Get Free Report) gapped up prior to trading on Tuesday following a dividend announcement from the company. The stock had previously closed at $39.61, but opened at $41.96. Heidrick & Struggles International shares last traded at $45.22, with a volume of 52,012 shares.

The newly announced dividend which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. Heidrick & Struggles International's dividend payout ratio (DPR) is currently 150.00%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HSII. Truist Financial reiterated a "hold" rating and set a $42.00 target price (up previously from $40.00) on shares of Heidrick & Struggles International in a research note on Wednesday, December 4th. Barrington Research increased their target price on Heidrick & Struggles International from $50.00 to $52.00 and gave the stock an "outperform" rating in a research note on Wednesday.

Heidrick & Struggles International Stock Up 2.4 %

The company has a market cap of $955.75 million, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 0.91 and a beta of 0.80. The stock has a 50 day moving average price of $44.55 and a two-hundred day moving average price of $42.33.

Hedge Funds Weigh In On Heidrick & Struggles International

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in Heidrick & Struggles International by 280.9% during the 3rd 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 during the period. JPMorgan Chase & Co. increased its stake in Heidrick & Struggles International by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 40,305 shares of the business services provider's stock worth $1,566,000 after acquiring an additional 6,990 shares during the period. Geode Capital Management LLC increased its stake in 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 worth $19,259,000 after acquiring an additional 18,771 shares during the period. Wellington Management Group LLP increased its stake in Heidrick & Struggles International by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 431,856 shares of the business services provider's stock worth $16,782,000 after acquiring an additional 12,640 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Heidrick & Struggles International during the 4th quarter worth $638,000. Institutional investors own 90.13% of the company's stock.

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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.