Royce & Associates LP Purchases 8,637 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Key Points

• Royce & Associates LP increased its stake in Heidrick & Struggles International by 14.9%, owning approximately 0.32% of the company's shares worth $2,856,000.
• Heidrick & Struggles reported earnings of $0.67 per share for the last quarter, meeting expectations, with significant revenue of $287.44 million.
• The company recently announced a $0.15 quarterly dividend, reflecting a 1.30% dividend yield with a payout ratio of 171.43%.

Royce & Associates LP increased its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 14.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,691 shares of the business services provider's stock after acquiring an additional 8,637 shares during the period. Royce & Associates LP owned about 0.32% of Heidrick & Struggles International worth $2,856,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HSII. KLP Kapitalforvaltning AS bought a new position in Heidrick & Struggles International during the fourth quarter valued at about $173,000. Bailard Inc. bought a new position in Heidrick & Struggles International during the first quarter valued at $214,000. Gallacher Capital Management LLC bought a new position in shares of Heidrick & Struggles International during the 1st quarter worth $231,000. ProShare Advisors LLC bought a new position in shares of Heidrick & Struggles International during the 4th quarter worth $269,000. Finally, Hohimer Wealth Management LLC grew its stake in shares of Heidrick & Struggles International by 5.4% during the 1st quarter. Hohimer Wealth Management LLC now owns 6,922 shares of the business services provider's stock worth $296,000 after acquiring an additional 353 shares during the period. 90.13% of the stock is owned by institutional investors.

Heidrick & Struggles International Trading Down 1.0%

Shares of HSII traded down $0.43 during trading hours on Thursday, reaching $44.66. 14,769 shares of the company's stock traded hands, compared to its average volume of 132,660. The stock has a market cap of $920.89 million, a PE ratio of 127.60, a price-to-earnings-growth ratio of 1.01 and a beta of 1.02. The firm's 50 day simple moving average is $45.08 and its 200-day simple moving average is $43.57. 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 issued its quarterly earnings results on Monday, May 5th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.67. Heidrick & Struggles International had a return on equity of 14.23% and a net margin of 0.71%. The firm had revenue of $287.44 million during the quarter, compared to the consensus estimate of $267.42 million. As a group, analysts expect that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current fiscal year.

Heidrick & Struggles International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, May 15th. Heidrick & Struggles International's dividend payout ratio is currently 171.43%.

Analyst Upgrades and Downgrades

HSII has been the subject of a number of research reports. Truist Financial increased their target price on shares of Heidrick & Struggles International from $44.00 to $46.00 and gave the stock a "hold" rating in a research report on Friday, June 20th. Barrington Research reaffirmed an "outperform" rating and issued a $52.00 price objective on shares of Heidrick & Struggles International in a report on Friday, June 13th.

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.