Prescott Group Capital Management L.L.C. Sells 24,751 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Key Points

• Prescott Group Capital Management L.L.C. reduced its stake in Heidrick & Struggles International, Inc. by 45.3%, holding 29,840 shares worth approximately $1.28 million after selling 24,751 shares during the first quarter.
• Heidrick & Struggles reported a net revenue of $287.44 million for the quarter, exceeding analyst expectations of $267.42 million, with earnings per share meeting the consensus estimate at $0.67.
• The company recently declared a quarterly dividend of $0.15 per share, reflecting an annualized yield of 1.30%, despite a high dividend payout ratio of 171.43%.

Prescott Group Capital Management L.L.C. decreased its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 45.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,840 shares of the business services provider's stock after selling 24,751 shares during the period. Prescott Group Capital Management L.L.C. owned about 0.14% of Heidrick & Struggles International worth $1,278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Northern Trust Corp increased its holdings 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 worth $11,156,000 after purchasing an additional 21,843 shares in the last quarter. Vanguard Group Inc. grew its holdings 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 acquiring an additional 14,035 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Heidrick & Struggles International by 398.7% in the fourth quarter. JPMorgan Chase & Co. now owns 200,982 shares of the business services provider's stock worth $8,906,000 after acquiring an additional 160,677 shares during the period. Prudential Financial Inc. increased its position in Heidrick & Struggles International by 32.3% during the fourth quarter. Prudential Financial Inc. now owns 32,599 shares of the business services provider's stock valued at $1,444,000 after acquiring an additional 7,950 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Heidrick & Struggles International by 125.9% during the fourth quarter. American Century Companies Inc. now owns 287,569 shares of the business services provider's stock valued at $12,742,000 after acquiring an additional 160,257 shares during the last quarter. Institutional investors own 90.13% of the company's stock.

Heidrick & Struggles International Trading Down 0.6%

NASDAQ HSII traded down $0.29 on Tuesday, hitting $46.09. 16,611 shares of the company traded hands, compared to its average volume of 133,496. The company has a market capitalization of $950.38 million, a price-to-earnings ratio of 131.64, a P/E/G ratio of 1.01 and a beta of 1.02. The business's 50 day moving average price is $44.98 and its 200-day moving average price is $43.54. Heidrick & Struggles International, Inc. has a 52-week low of $35.38 and a 52-week high of $49.02.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last released its earnings results on Monday, May 5th. The business services provider reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $287.44 million for the quarter, compared to the consensus estimate of $267.42 million. Heidrick & Struggles International had a return on equity of 14.23% and a net margin of 0.71%. As a group, sell-side analysts predict that Heidrick & Struggles International, Inc. will post 2.68 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, May 29th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.30%. Heidrick & Struggles International's dividend payout ratio is presently 171.43%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Truist Financial upped their price objective on Heidrick & Struggles International from $44.00 to $46.00 and gave the company a "hold" rating in a research report on Friday, June 20th. Barrington Research reiterated an "outperform" rating and set a $52.00 price objective on shares of Heidrick & Struggles International in a research report 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.