Clark Estates Inc. NY Reduces Stock Holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Key Points

• Clark Estates Inc. NY reduced its holdings in Heidrick & Struggles International, Inc. by 27.6% in Q1, now owning approximately 67,387 shares valued at $2.89 million, representing 0.6% of its total holdings.
• Shares of Heidrick & Struggles opened at $46.17, with a market capitalization of $952.03 million and a PE ratio of 131.92. The stock has a 52-week low of $35.38 and a high of $49.02.
• Heidrick & Struggles recently announced a quarterly dividend of $0.15, resulting in a 1.30% dividend yield, although the payout ratio is notably high at 171.43%.

Clark Estates Inc. NY trimmed its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 27.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,387 shares of the business services provider's stock after selling 25,730 shares during the period. Heidrick & Struggles International makes up about 0.6% of Clark Estates Inc. NY's portfolio, making the stock its 22nd biggest position. Clark Estates Inc. NY owned about 0.33% of Heidrick & Struggles International worth $2,886,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of HSII. KLP Kapitalforvaltning AS acquired a new stake in Heidrick & Struggles International during the 4th quarter valued at approximately $173,000. Bailard Inc. acquired a new position in shares of Heidrick & Struggles International in the 1st quarter valued at $214,000. Gallacher Capital Management LLC acquired a new position in shares of Heidrick & Struggles International in the 1st quarter valued at $231,000. ProShare Advisors LLC acquired a new position in shares of Heidrick & Struggles International in the 4th quarter valued at $269,000. Finally, Hohimer Wealth Management LLC lifted its stake in shares of 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 during the period. 90.13% of the stock is currently owned by institutional investors and hedge funds.

Heidrick & Struggles International Stock Performance

Shares of NASDAQ:HSII traded down $1.48 during midday trading on Friday, hitting $43.05. The company's stock had a trading volume of 127,477 shares, compared to its average volume of 98,935. The business's 50 day simple moving average is $45.11 and its 200 day simple moving average is $43.56. The company has a market cap of $887.69 million, a P/E ratio of 123.00, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. Heidrick & Struggles International, Inc. has a 12-month low of $35.38 and a 12-month high of $49.02.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The business services provider reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. The firm had revenue of $287.44 million for the quarter, compared to the consensus estimate of $267.42 million. Heidrick & Struggles International had a net margin of 0.71% and a return on equity of 14.23%. On average, sell-side analysts predict 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 was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. Heidrick & Struggles International's dividend payout ratio is currently 171.43%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HSII shares. Truist Financial boosted their target price on shares of Heidrick & Struggles International from $44.00 to $46.00 and gave the company a "hold" rating in a research note on Friday, June 20th. Barrington Research reiterated an "outperform" rating and issued a $52.00 target price on shares of Heidrick & Struggles International in a research note on Friday, June 13th.

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.