Exchange Traded Concepts LLC Boosts Stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Exchange Traded Concepts LLC grew its stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 246.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,479 shares of the business services provider’s stock after acquiring an additional 24,526 shares during the quarter. Exchange Traded Concepts LLC owned about 0.17% of Heidrick & Struggles International worth $1,340,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Inspire Investing LLC purchased a new position in shares of Heidrick & Struggles International in the 3rd quarter worth approximately $414,000. SG Americas Securities LLC boosted its stake in Heidrick & Struggles International by 82.1% in the third quarter. SG Americas Securities LLC now owns 11,414 shares of the business services provider’s stock valued at $444,000 after acquiring an additional 5,145 shares in the last quarter. Quarry LP purchased a new position in Heidrick & Struggles International in the second quarter worth $44,000. Algert Global LLC increased its position in shares of Heidrick & Struggles International by 13.0% during the second quarter. Algert Global LLC now owns 54,100 shares of the business services provider’s stock worth $1,708,000 after purchasing an additional 6,227 shares in the last quarter. Finally, Mak Capital One LLC lifted its holdings 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 valued at $31,372,000 after purchasing an additional 258,583 shares during the last quarter. 90.13% of the stock is owned by institutional investors.

Heidrick & Struggles International Price Performance

Shares of HSII opened at $38.78 on Thursday. The company’s fifty day moving average price is $37.41 and its 200-day moving average price is $34.67. Heidrick & Struggles International, Inc. has a 1-year low of $22.52 and a 1-year high of $41.94. The firm has a market capitalization of $785.22 million, a PE ratio of 15.15, a price-to-earnings-growth ratio of 0.89 and a beta of 0.85.

Heidrick & Struggles International (NASDAQ:HSII) last posted its quarterly earnings results on Monday, July 29th. The business services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.11. Heidrick & Struggles International had a return on equity of 12.66% and a net margin of 3.59%. The business had revenue of $282.88 million for the quarter, compared to the consensus estimate of $265.69 million. During the same quarter in the previous year, the business earned $0.73 EPS. As a group, research analysts anticipate that Heidrick & Struggles International, Inc. will post 2.62 EPS for the current fiscal year.

Heidrick & Struggles International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Friday, August 9th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.60 annualized dividend and a yield of 1.55%. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 23.44%.

Analysts Set New Price Targets

HSII has been the topic of several research analyst reports. StockNews.com downgraded Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Barrington Research restated an “outperform” rating and set a $44.00 price target on shares of Heidrick & Struggles International in a research note on Friday, September 20th.

Insiders Place Their Bets

In other news, CFO Mark R. Harris sold 7,500 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $40.70, for a total value of $305,250.00. Following the sale, the chief financial officer now directly owns 65,953 shares of the company’s stock, valued at $2,684,287.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Heidrick & Struggles International news, insider Sarah Payne sold 8,691 shares of Heidrick & Struggles International stock in a transaction dated Wednesday, July 31st. The stock was 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 owns 27,451 shares in the company, valued at approximately $1,109,020.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mark R. Harris sold 7,500 shares of the company’s 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 completion of the sale, the chief financial officer now owns 65,953 shares in the company, valued at $2,684,287.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

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.