Heidrick & Struggles International (NASDAQ:HSII) Shares Gap Down - Should You Sell?

Heidrick & Struggles International, Inc. (NASDAQ:HSII - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $41.81, but opened at $40.82. Heidrick & Struggles International shares last traded at $40.23, with a volume of 23,589 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barrington Research raised their price target on shares of Heidrick & Struggles International from $50.00 to $52.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Truist Financial lifted their target price on Heidrick & Struggles International from $42.00 to $44.00 and gave the company a "hold" rating in a report on Tuesday, April 15th.

Heidrick & Struggles International Price Performance

The company has a market cap of $782.93 million, a PE ratio of 20.52, a P/E/G ratio of 0.91 and a beta of 0.86. The business's 50 day moving average is $42.35 and its 200-day moving average is $43.26.

Heidrick & Struggles International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.58%. Heidrick & Struggles International's dividend payout ratio (DPR) is currently 150.00%.

Insider Activity at Heidrick & Struggles International

In other Heidrick & Struggles International news, CEO Thomas L. Monahan purchased 5,000 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $45.55 per share, with a total value of $227,750.00. Following the acquisition, the chief executive officer now directly owns 144,834 shares of the company's stock, valued at approximately $6,597,188.70. This represents a 3.58 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Heidrick & Struggles International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC boosted its holdings in Heidrick & Struggles International by 1.7% in the first quarter. Exchange Traded Concepts LLC now owns 28,545 shares of the business services provider's stock valued at $1,223,000 after purchasing an additional 478 shares in the last quarter. SummerHaven Investment Management LLC grew its position in shares of Heidrick & Struggles International by 1.2% in the 1st quarter. SummerHaven Investment Management LLC now owns 25,216 shares of the business services provider's stock valued at $1,080,000 after buying an additional 310 shares during the last quarter. GAMMA Investing LLC raised its stake in Heidrick & Struggles International by 5,120.8% during the 1st quarter. GAMMA Investing LLC now owns 23,128 shares of the business services provider's stock worth $9,910,000 after acquiring an additional 22,685 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Heidrick & Struggles International in the fourth quarter valued at $3,752,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Heidrick & Struggles International in the 4th quarter valued at about $591,000. Institutional investors and hedge funds own 90.13% of the company's stock.

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.