Pallas Capital Advisors LLC Invests $507,000 in Robert Half Inc. $RHI

Pallas Capital Advisors LLC acquired a new stake in shares of Robert Half Inc. (NYSE:RHI) during the second quarter, HoldingsChannel reports. The fund acquired 16,528 shares of the business services provider’s stock, valued at approximately $507,000.

A number of other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Robert Half during the second quarter worth approximately $34,000. Gilpin Wealth Management LLC bought a new stake in shares of Robert Half in the 4th quarter worth approximately $27,000. Larson Financial Group LLC boosted its stake in shares of Robert Half by 321.0% in the 4th quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 764 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Robert Half in the 3rd quarter valued at $37,000. Finally, Elevation Wealth Partners LLC grew its holdings in shares of Robert Half by 605.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 975 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

RHI stock opened at $43.59 on Thursday. Robert Half Inc. has a fifty-two week low of $21.83 and a fifty-two week high of $45.32. The business’s 50 day moving average price is $36.67 and its two-hundred day moving average price is $30.06. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 37.90 and a beta of 0.79.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. Sell-side analysts forecast that Robert Half Inc. will post 1.27 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Tuesday, August 25th. Robert Half’s dividend payout ratio (DPR) is presently 205.22%.

Analyst Ratings Changes

A number of equities analysts recently commented on RHI shares. The Goldman Sachs Group lifted their target price on shares of Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Friday, July 24th. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. BMO Capital Markets raised Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price objective on the stock in a research note on Monday, July 27th. Robert W. Baird set a $47.00 target price on Robert Half in a research note on Monday, July 27th. Finally, Truist Financial increased their target price on Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Robert Half currently has an average rating of “Hold” and an average price target of $34.75.

Robert Half Profile

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.