Short Interest in Heidrick & Struggles International, Inc. (NASDAQ:HSII) Increases By 53.2%

Heidrick & Struggles International, Inc. (NASDAQ:HSII) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 346,700 shares, a growth of 53.2% from the September 30th total of 226,300 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average trading volume of 230,500 shares, the short-interest ratio is currently 1.5 days. Based on an average trading volume of 230,500 shares, the short-interest ratio is currently 1.5 days. Approximately 1.7% of the company’s shares are short sold.

Heidrick & Struggles International Trading Up 0.7%

Shares of Heidrick & Struggles International stock opened at $58.76 on Tuesday. The business’s fifty day moving average price is $53.47 and its 200 day moving average price is $47.54. Heidrick & Struggles International has a twelve month low of $36.87 and a twelve month high of $58.80. The stock has a market capitalization of $1.22 billion, a P/E ratio of 36.96, a PEG ratio of 1.15 and a beta of 1.03.

Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings results on Monday, November 3rd. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. The company had revenue of $322.84 million during the quarter, compared to analyst estimates of $305.19 million. Heidrick & Struggles International had a return on equity of 14.85% and a net margin of 2.92%. As a group, sell-side analysts predict that Heidrick & Struggles International will post 2.68 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Barrington Research set a $59.00 price objective on Heidrick & Struggles International in a report on Thursday, October 9th. Truist Financial raised their price target on Heidrick & Struggles International from $48.00 to $59.00 and gave the stock a “hold” rating in a research note on Monday, October 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Heidrick & Struggles International in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Heidrick & Struggles International from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $59.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HSII. Nisa Investment Advisors LLC grew its stake in Heidrick & Struggles International by 38.9% during the second quarter. Nisa Investment Advisors LLC now owns 846 shares of the business services provider’s stock worth $39,000 after buying an additional 237 shares during the period. Amalgamated Bank lifted its holdings in shares of Heidrick & Struggles International by 4.1% during the 3rd quarter. Amalgamated Bank now owns 6,058 shares of the business services provider’s stock valued at $302,000 after acquiring an additional 241 shares in the last quarter. Martingale Asset Management L P boosted its position in Heidrick & Struggles International by 0.6% during the 1st quarter. Martingale Asset Management L P now owns 57,478 shares of the business services provider’s stock worth $2,462,000 after purchasing an additional 330 shares during the period. Hohimer Wealth Management LLC increased its holdings in Heidrick & Struggles International by 5.4% in the 1st quarter. Hohimer Wealth Management LLC now owns 6,922 shares of the business services provider’s stock valued at $296,000 after purchasing an additional 353 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its holdings in Heidrick & Struggles International by 1.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 25,588 shares of the business services provider’s stock valued at $1,171,000 after purchasing an additional 372 shares in the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Heidrick & Struggles International Company 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.