Icon Advisers Inc. Co. Invests $1.24 Million in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Icon Advisers Inc. Co. purchased a new position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,000 shares of the business services provider's stock, valued at approximately $1,241,000. Icon Advisers Inc. Co. owned about 0.14% of Heidrick & Struggles International at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in Heidrick & Struggles International during the 4th quarter worth approximately $173,000. Orion Portfolio Solutions LLC purchased a new position in shares of Heidrick & Struggles International in the 3rd quarter valued at $207,000. HighTower Advisors LLC purchased a new position in shares of Heidrick & Struggles International in the 3rd quarter valued at $212,000. ExodusPoint Capital Management LP purchased a new stake in Heidrick & Struggles International during the 4th quarter worth $425,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Heidrick & Struggles International in the 4th quarter valued at $445,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Thomas L. Monahan bought 5,000 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost of $45.55 per share, with a total value of $227,750.00. Following the completion of the transaction, the chief executive officer now directly owns 144,834 shares of the company's stock, valued at approximately $6,597,188.70. This trade represents a 3.58 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company's stock.

Heidrick & Struggles International Trading Down 2.2 %

Heidrick & Struggles International stock traded down $0.85 during midday trading on Friday, hitting $37.96. The stock had a trading volume of 120,600 shares, compared to its average volume of 155,144. The business has a fifty day moving average price of $42.35 and a 200 day moving average price of $43.23. Heidrick & Struggles International, Inc. has a 12 month low of $29.03 and a 12 month high of $49.02. The stock has a market cap of $782.93 million, a P/E ratio of 20.52, a P/E/G ratio of 0.91 and a beta of 0.86.

Heidrick & Struggles International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, March 13th. Heidrick & Struggles International's payout ratio is 150.00%.

Analysts Set New Price Targets

HSII has been the topic of a number of recent research reports. Truist Financial boosted their price objective on Heidrick & Struggles International from $42.00 to $44.00 and gave the stock a "hold" rating in a research note on Tuesday. Barrington Research increased their price objective 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.

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.