Invenomic Capital Management LP Decreases Stock Position in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Invenomic Capital Management LP lessened its position in Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 26.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 261,933 shares of the business services provider's stock after selling 93,592 shares during the period. Invenomic Capital Management LP owned about 1.28% of Heidrick & Struggles International worth $11,606,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Jacobs Levy Equity Management Inc. lifted its position in Heidrick & Struggles International by 1.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 228,645 shares of the business services provider's stock worth $10,131,000 after buying an additional 3,868 shares during the period. Deutsche Bank AG increased its stake in shares of Heidrick & Struggles International by 51.8% during the 4th quarter. Deutsche Bank AG now owns 18,419 shares of the business services provider's stock valued at $816,000 after acquiring an additional 6,285 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Heidrick & Struggles International by 23.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 142,557 shares of the business services provider's stock worth $6,317,000 after acquiring an additional 27,413 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Heidrick & Struggles International by 1.2% in the fourth quarter. BNP Paribas Financial Markets now owns 34,570 shares of the business services provider's stock worth $1,532,000 after acquiring an additional 400 shares during the last quarter. Finally, Algert Global LLC grew its holdings in Heidrick & Struggles International by 4.5% in the fourth quarter. Algert Global LLC now owns 38,759 shares of the business services provider's stock valued at $1,717,000 after purchasing an additional 1,669 shares during the period. Hedge funds and other institutional investors own 90.13% of the company's stock.

Insider Buying and Selling

In related news, CEO Thomas L. Monahan acquired 5,000 shares of the business's stock in a transaction on 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 $6,597,188.70. This trade represents a 3.58% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.43% of the stock is owned by corporate insiders.

Heidrick & Struggles International Stock Down 0.3%

Shares of NASDAQ HSII traded down $0.13 during midday trading on Friday, hitting $43.05. The stock had a trading volume of 112,697 shares, compared to its average volume of 154,959. Heidrick & Struggles International, Inc. has a 1-year low of $30.20 and a 1-year high of $49.02. The company has a market capitalization of $887.73 million, a price-to-earnings ratio of 23.27, a PEG ratio of 0.91 and a beta of 0.98. The company has a fifty day moving average price of $41.22 and a 200 day moving average price of $43.52.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The business services provider reported $0.67 earnings per share for the quarter, meeting analysts' consensus estimates of $0.67. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. The firm had revenue of $287.44 million for the quarter, compared to analysts' expectations of $267.42 million. On average, research analysts forecast that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current year.

Heidrick & Struggles International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.39%. Heidrick & Struggles International's payout ratio is 171.43%.

Analyst Upgrades and Downgrades

HSII has been the subject of several research analyst reports. Barrington Research upped their price target on shares of Heidrick & Struggles International from $50.00 to $52.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Truist Financial boosted their price objective on shares of Heidrick & Struggles International from $42.00 to $44.00 and gave the company a "hold" rating in a research note on Tuesday, April 15th.

Heidrick & Struggles International Company 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.