Invenomic Capital Management LP Sells 93,592 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Invenomic Capital Management LP trimmed its stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 26.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 261,933 shares of the business services provider’s stock after selling 93,592 shares during the quarter. Invenomic Capital Management LP owned approximately 1.28% of Heidrick & Struggles International worth $11,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Allianz Asset Management GmbH increased its holdings in Heidrick & Struggles International by 39.2% during the 4th quarter. Allianz Asset Management GmbH now owns 599,411 shares of the business services provider’s stock valued at $26,560,000 after purchasing an additional 168,912 shares during the period. JPMorgan Chase & Co. lifted its stake in Heidrick & Struggles International by 398.7% in the fourth quarter. JPMorgan Chase & Co. now owns 200,982 shares of the business services provider’s stock worth $8,906,000 after acquiring an additional 160,677 shares during the period. American Century Companies Inc. boosted its holdings in Heidrick & Struggles International by 125.9% in the fourth quarter. American Century Companies Inc. now owns 287,569 shares of the business services provider’s stock valued at $12,742,000 after acquiring an additional 160,257 shares in the last quarter. Alliancebernstein L.P. increased its position in Heidrick & Struggles International by 345.3% during the 4th quarter. Alliancebernstein L.P. now owns 85,800 shares of the business services provider’s stock valued at $3,802,000 after purchasing an additional 66,530 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in Heidrick & Struggles International by 180.4% in the 4th quarter. Teacher Retirement System of Texas now owns 62,190 shares of the business services provider’s stock worth $2,756,000 after purchasing an additional 40,010 shares in the last quarter. 90.13% of the stock is owned by hedge funds and other institutional investors.

Heidrick & Struggles International Price Performance

Shares of NASDAQ HSII opened at $42.37 on Friday. Heidrick & Struggles International, Inc. has a 1 year low of $30.20 and a 1 year high of $49.02. The firm has a 50-day moving average of $41.41 and a 200 day moving average of $43.43. The stock has a market cap of $873.71 million, a P/E 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 issued its quarterly earnings results on Monday, May 5th. The business services provider reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates of $0.67. The firm had revenue of $287.44 million for the quarter, compared to analysts’ expectations of $267.42 million. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. Research analysts expect that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently issued reports on HSII shares. Barrington Research boosted 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 upped their target price on Heidrick & Struggles International from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, April 15th.

Insider Buying and Selling at Heidrick & Struggles International

In other news, CEO Thomas L. Monahan bought 5,000 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of $45.55 per share, with a total value of $227,750.00. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.43% of the stock is owned by company insiders.

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.