Sei Investments Co. Raises Stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Sei Investments Co. boosted its stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 147.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,401 shares of the business services provider's stock after purchasing an additional 19,326 shares during the quarter. Sei Investments Co. owned approximately 0.16% of Heidrick & Struggles International worth $1,023,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in Heidrick & Struggles International in the second quarter valued at $29,000. DekaBank Deutsche Girozentrale purchased a new position in Heidrick & Struggles International in the first quarter valued at approximately $32,000. Meeder Asset Management Inc. acquired a new stake in Heidrick & Struggles International during the second quarter worth approximately $58,000. Allspring Global Investments Holdings LLC lifted its position in shares of Heidrick & Struggles International by 1,382.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,824 shares of the business services provider's stock worth $129,000 after buying an additional 3,566 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Heidrick & Struggles International by 7.5% in the 2nd quarter. Victory Capital Management Inc. now owns 5,705 shares of the business services provider's stock valued at $180,000 after buying an additional 396 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company's stock.

Heidrick & Struggles International Trading Down 0.9 %

Shares of Heidrick & Struggles International stock traded down $0.34 on Tuesday, reaching $36.75. 61,896 shares of the stock were exchanged, compared to its average volume of 155,800. The firm has a market capitalization of $744.11 million, a PE ratio of 14.49, a PEG ratio of 0.91 and a beta of 0.85. Heidrick & Struggles International, Inc. has a 1-year low of $22.52 and a 1-year high of $41.94. The business has a fifty day moving average price of $37.52 and a two-hundred day moving average price of $34.45.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last issued its earnings results on Monday, July 29th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.11. Heidrick & Struggles International had a return on equity of 12.66% and a net margin of 3.59%. The business had revenue of $282.88 million during the quarter, compared to the consensus estimate of $265.69 million. During the same period in the prior year, the business posted $0.73 EPS. Research analysts expect that Heidrick & Struggles International, Inc. will post 2.62 EPS for the current year.

Heidrick & Struggles International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Friday, August 9th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.63%. Heidrick & Struggles International's dividend payout ratio is currently 23.44%.

Insider Activity at Heidrick & Struggles International

In related news, CFO Mark R. Harris sold 7,500 shares of the business's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $40.70, for a total value of $305,250.00. Following the completion of the transaction, the chief financial officer now owns 65,953 shares of the company's stock, valued at approximately $2,684,287.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Heidrick & Struggles International news, CFO Mark R. Harris sold 7,500 shares of the business's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $40.70, for a total value of $305,250.00. Following the completion of the transaction, the chief financial officer now directly owns 65,953 shares in the company, valued at approximately $2,684,287.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sarah Payne sold 8,691 shares of the firm's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $40.40, for a total value of $351,116.40. Following the sale, the insider now owns 27,451 shares in the company, valued at $1,109,020.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HSII shares. StockNews.com lowered shares of Heidrick & Struggles International from a "buy" rating to a "hold" rating in a research note on Tuesday, July 30th. Barrington Research reiterated an "outperform" rating and set a $44.00 target price on shares of Heidrick & Struggles International in a research report on Friday, September 20th.

Heidrick & Struggles International Company Profile

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, consulting, and on-demand talent services to businesses and business leaders worldwide. It enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.