Heidrick & Struggles International (NASDAQ:HSII) Shares Gap Down to $37.27

Heidrick & Struggles International, Inc. (NASDAQ:HSII) shares gapped down prior to trading on Friday . The stock had previously closed at $37.27, but opened at $36.38. Heidrick & Struggles International shares last traded at $36.52, with a volume of 22,289 shares traded.

Analyst Ratings Changes

Several research firms recently weighed in on HSII. StockNews.com downgraded Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Barrington Research reissued an “outperform” rating and issued a $40.00 target price on shares of Heidrick & Struggles International in a research note on Thursday, May 16th. Finally, Truist Financial raised their price target on Heidrick & Struggles International from $30.00 to $33.00 and gave the company a “hold” rating in a report on Tuesday, May 7th.

Heidrick & Struggles International Price Performance

The firm’s 50 day moving average price is $34.70 and its 200-day moving average price is $33.05. The stock has a market cap of $755.66 million, a P/E ratio of 14.58, a P/E/G ratio of 0.93 and a beta of 0.87.

Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings data on Monday, July 29th. The business services provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.11. Heidrick & Struggles International had a net margin of 3.59% and a return on equity of 12.66%. The company had revenue of $282.88 million during the quarter, compared to analyst estimates of $265.69 million. During the same period in the previous year, the business earned $0.73 EPS. On average, analysts expect that Heidrick & Struggles International, Inc. will post 2.62 earnings per share for the current year.

Heidrick & Struggles International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Friday, August 9th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Friday, August 9th. Heidrick & Struggles International’s payout ratio is currently 23.44%.

Insider Activity at Heidrick & Struggles International

In other news, insider Sarah Payne sold 8,691 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $40.40, for a total transaction of $351,116.40. Following the completion of the transaction, the insider now directly owns 27,451 shares of the company’s stock, valued at $1,109,020.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Heidrick & Struggles International news, CFO Mark R. Harris sold 7,500 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $40.70, for a total value of $305,250.00. Following the transaction, the chief financial officer now owns 65,953 shares of the company’s stock, valued at $2,684,287.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sarah Payne sold 8,691 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $40.40, for a total value of $351,116.40. Following the completion of the transaction, the insider now directly owns 27,451 shares in the company, valued at $1,109,020.40. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Heidrick & Struggles International

Several institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in Heidrick & Struggles International by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,376,789 shares of the business services provider’s stock valued at $43,479,000 after buying an additional 29,820 shares during the period. Mak Capital One LLC boosted its stake in shares of Heidrick & Struggles International by 35.2% during the 2nd quarter. Mak Capital One LLC now owns 993,408 shares of the business services provider’s stock worth $31,372,000 after acquiring an additional 258,583 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Heidrick & Struggles International during the 2nd quarter valued at $29,938,000. Invenomic Capital Management LP increased its stake in shares of Heidrick & Struggles International by 31.5% in the 1st quarter. Invenomic Capital Management LP now owns 389,950 shares of the business services provider’s stock worth $13,126,000 after purchasing an additional 93,400 shares in the last quarter. Finally, LSV Asset Management grew its holdings in Heidrick & Struggles International by 0.7% during the second quarter. LSV Asset Management now owns 311,632 shares of the business services provider’s stock valued at $9,841,000 after purchasing an additional 2,074 shares during the period. Institutional investors own 90.13% of the company’s stock.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, consulting, and on-demand talent services to businesses and business leaders worldwide. It enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.