Heidrick & Struggles International (NASDAQ:HSII) Stock Price Down 5% - Here's What Happened

Heidrick & Struggles International, Inc. (NASDAQ:HSII - Get Free Report) shares fell 5% on Wednesday . The company traded as low as $43.23 and last traded at $43.51. 54,988 shares were traded during trading, a decline of 61% from the average session volume of 141,382 shares. The stock had previously closed at $45.79.

Analysts Set New Price Targets

HSII has been the subject of a number of research analyst reports. Barrington Research raised their price objective on shares of Heidrick & Struggles International from $50.00 to $52.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Truist Financial restated a "hold" rating and set a $42.00 price objective (up previously from $40.00) on shares of Heidrick & Struggles International in a report on Wednesday, December 4th.

Heidrick & Struggles International Price Performance

The business's fifty day moving average is $44.51 and its 200-day moving average is $42.56. The firm has a market cap of $872.53 million, a PE ratio of 23.11, a P/E/G ratio of 0.91 and a beta of 0.80.

Heidrick & Struggles International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.40%. Heidrick & Struggles International's payout ratio is 150.00%.

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Insider Transactions at Heidrick & Struggles International

In other Heidrick & Struggles International news, CEO Thomas L. Monahan bought 5,000 shares of Heidrick & Struggles International stock in a transaction dated Thursday, March 6th. The stock was purchased at an average price of $45.55 per share, for a total transaction of $227,750.00. Following the completion of the purchase, the chief executive officer now directly owns 144,834 shares of the company's stock, valued at approximately $6,597,188.70. This trade represents a 3.58 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Heidrick & Struggles International

Several large investors have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Heidrick & Struggles International in the fourth quarter worth about $3,752,000. Mackenzie Financial Corp purchased a new position in Heidrick & Struggles International during the fourth quarter valued at approximately $591,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Heidrick & Struggles International by 10.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,151 shares of the business services provider's stock valued at $1,602,000 after acquiring an additional 3,507 shares in the last quarter. ProShare Advisors LLC purchased a new position in Heidrick & Struggles International during the fourth quarter valued at approximately $269,000. Finally, Millennium Management LLC grew its stake in Heidrick & Struggles International by 3.9% during the fourth quarter. Millennium Management LLC now owns 108,650 shares of the business services provider's stock valued at $4,814,000 after acquiring an additional 4,037 shares in the last quarter. 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.