Algert Global LLC Boosts Stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Algert Global LLC raised its position in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,759 shares of the business services provider’s stock after purchasing an additional 1,669 shares during the quarter. Algert Global LLC’s holdings in Heidrick & Struggles International were worth $1,717,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in HSII. Swiss National Bank raised its holdings in shares of Heidrick & Struggles International by 1.3% in the 4th quarter. Swiss National Bank now owns 40,000 shares of the business services provider’s stock valued at $1,772,000 after buying an additional 500 shares during the period. Sterling Capital Management LLC increased its stake in Heidrick & Struggles International by 5.5% during the fourth quarter. Sterling Capital Management LLC now owns 10,984 shares of the business services provider’s stock worth $487,000 after purchasing an additional 574 shares during the period. Hillsdale Investment Management Inc. lifted its position in shares of Heidrick & Struggles International by 0.7% during the fourth quarter. Hillsdale Investment Management Inc. now owns 114,100 shares of the business services provider’s stock worth $5,056,000 after purchasing an additional 800 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of Heidrick & Struggles International by 8.9% in the fourth quarter. MetLife Investment Management LLC now owns 12,179 shares of the business services provider’s stock valued at $540,000 after purchasing an additional 994 shares during the period. Finally, Summit Global Investments grew its holdings in shares of Heidrick & Struggles International by 6.7% in the fourth quarter. Summit Global Investments now owns 17,313 shares of the business services provider’s stock valued at $767,000 after purchasing an additional 1,083 shares in the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.

Heidrick & Struggles International Stock Down 0.3 %

Shares of NASDAQ:HSII opened at $42.37 on Friday. Heidrick & Struggles International, Inc. has a fifty-two week low of $30.20 and a fifty-two week high of $49.02. The firm’s 50 day moving average price is $41.41 and its 200 day moving average price is $43.40. The stock has a market cap of $873.71 million, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 0.91 and a beta of 0.98.

Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings data on Monday, May 5th. The business services provider reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.67. The business had revenue of $287.44 million for the quarter, compared to analyst estimates of $267.42 million. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. On average, equities analysts anticipate that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current year.

Heidrick & Struggles International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.42%. Heidrick & Struggles International’s payout ratio is currently 171.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Truist Financial increased their target price on shares of Heidrick & Struggles International from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, April 15th. Barrington Research lifted their target price on Heidrick & Struggles International from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th.

Insider Activity

In related news, CEO Thomas L. Monahan purchased 5,000 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were bought at an average cost 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.43% of the company’s stock.

Heidrick & Struggles International Profile

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.