New Age Alpha Advisors LLC Cuts Position in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Key Points

• New Age Alpha Advisors LLC reduced its stake in Heidrick & Struggles International, Inc. by 27.9%, selling 7,850 shares during the first quarter.
• Several hedge funds, including Vanguard Group Inc. and Renaissance Technologies LLC, have increased their holdings in Heidrick & Struggles, reflecting growing institutional interest.
• Heidrick & Struggles reported earnings of $0.85 per share for the last quarter, surpassing analyst expectations and achieving a revenue of $317.25 million.

New Age Alpha Advisors LLC trimmed its stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 27.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,298 shares of the business services provider's stock after selling 7,850 shares during the period. New Age Alpha Advisors LLC owned 0.10% of Heidrick & Struggles International worth $869,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HSII. Vanguard Group Inc. lifted its stake in shares of Heidrick & Struggles International by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 1,517,661 shares of the business services provider's stock worth $67,248,000 after buying an additional 14,035 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Heidrick & Struggles International by 3.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,106,640 shares of the business services provider's stock valued at $49,035,000 after acquiring an additional 39,800 shares during the period. LSV Asset Management raised its stake in shares of Heidrick & Struggles International by 6.3% in the 1st quarter. LSV Asset Management now owns 262,675 shares of the business services provider's stock valued at $11,250,000 after acquiring an additional 15,547 shares during the period. Northern Trust Corp raised its stake in shares of Heidrick & Struggles International by 9.5% in the 4th quarter. Northern Trust Corp now owns 251,778 shares of the business services provider's stock valued at $11,156,000 after acquiring an additional 21,843 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Heidrick & Struggles International by 1.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 228,645 shares of the business services provider's stock valued at $10,131,000 after acquiring an additional 3,868 shares during the period. Institutional investors and hedge funds own 90.13% of the company's stock.

Analyst Ratings Changes

HSII has been the topic of a number of research analyst reports. Truist Financial boosted their price target 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 reaffirmed an "outperform" rating and set a $52.00 target price on shares of Heidrick & Struggles International in a research note on Friday, June 13th. Finally, Wall Street Zen raised shares of Heidrick & Struggles International from a "buy" rating to a "strong-buy" rating in a research note on Saturday.

Heidrick & Struggles International Stock Performance

Shares of NASDAQ:HSII traded up $2.68 during trading hours on Tuesday, reaching $48.04. The stock had a trading volume of 131,831 shares, compared to its average volume of 132,915. Heidrick & Struggles International, Inc. has a 1 year low of $35.54 and a 1 year high of $51.24. The firm's 50 day moving average is $45.32 and its 200-day moving average is $43.48. The stock has a market capitalization of $996.35 million, a price-to-earnings ratio of 30.21, a P/E/G ratio of 0.91 and a beta of 1.06.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The business services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.11. The business had revenue of $317.25 million during the quarter, compared to the consensus estimate of $292.94 million. Heidrick & Struggles International had a return on equity of 14.85% and a net margin of 2.92%. Analysts forecast that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current year.

Heidrick & Struggles International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 14th. Heidrick & Struggles International's dividend payout ratio (DPR) is 37.74%.

About Heidrick & Struggles International

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.