Royce & Associates LP raised its position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 88.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,054 shares of the business services provider's stock after purchasing an additional 27,279 shares during the period. Royce & Associates LP owned about 0.28% of Heidrick & Struggles International worth $2,572,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Quest Partners LLC purchased a new stake in Heidrick & Struggles International in the third quarter worth about $30,000. Quantbot Technologies LP purchased a new stake in shares of Heidrick & Struggles International in the 3rd quarter worth approximately $33,000. Orion Portfolio Solutions LLC bought a new position in shares of Heidrick & Struggles International during the third quarter valued at approximately $207,000. HighTower Advisors LLC purchased a new position in Heidrick & Struggles International during the third quarter valued at approximately $212,000. Finally, Intech Investment Management LLC bought a new position in Heidrick & Struggles International in the third quarter worth approximately $261,000. Institutional investors own 90.13% of the company's stock.
Heidrick & Struggles International Stock Performance
NASDAQ HSII traded down $0.21 on Tuesday, reaching $43.92. 160,572 shares of the company's stock traded hands, compared to its average volume of 143,286. The stock has a 50 day moving average price of $44.38 and a 200-day moving average price of $42.80. The firm has a market cap of $896.41 million, a price-to-earnings ratio of 23.74, a P/E/G ratio of 0.91 and a beta of 0.80. Heidrick & Struggles International, Inc. has a fifty-two week low of $29.03 and a fifty-two week high of $49.02.
Heidrick & Struggles International Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, March 13th. Heidrick & Struggles International's dividend payout ratio (DPR) is 150.00%.
Insider Buying and Selling at Heidrick & Struggles International
In other news, CEO Thomas L. Monahan bought 5,000 shares of Heidrick & Struggles International stock in a transaction on Thursday, March 6th. The stock was acquired 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 directly owns 144,834 shares of the company's stock, valued at $6,597,188.70. The trade was a 3.58 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Barrington Research increased 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. Truist Financial reissued a "hold" rating and issued a $42.00 price target (up previously from $40.00) on shares of Heidrick & Struggles International in a report on Wednesday, December 4th.
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About Heidrick & Struggles International
(
Free Report)
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.
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