Heidrick & Struggles International, Inc. (NASDAQ:HSII) Shares Sold by Invenomic Capital Management LP

Invenomic Capital Management LP decreased its position in Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 26.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,933 shares of the business services provider's stock after selling 93,592 shares during the period. Invenomic Capital Management LP owned 1.28% of Heidrick & Struggles International worth $11,606,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Heidrick & Struggles International during the 4th quarter valued at approximately $173,000. 4WEALTH Advisors Inc. purchased a new stake in Heidrick & Struggles International in the fourth quarter valued at $365,000. XTX Topco Ltd purchased a new stake in Heidrick & Struggles International in the fourth quarter valued at $405,000. ExodusPoint Capital Management LP acquired a new position in shares of Heidrick & Struggles International in the 4th quarter valued at $425,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Heidrick & Struggles International during the 4th quarter worth $445,000. Institutional investors and hedge funds own 90.13% of the company's stock.

Heidrick & Struggles International Price Performance

Shares of HSII stock traded down $0.56 on Wednesday, hitting $42.87. The stock had a trading volume of 110,748 shares, compared to its average volume of 155,580. The company's 50 day moving average price is $41.25 and its 200-day moving average price is $43.49. Heidrick & Struggles International, Inc. has a 1 year low of $30.20 and a 1 year high of $49.02. The firm has a market capitalization of $884.02 million, a P/E ratio of 23.17, a P/E/G ratio of 0.91 and a beta of 0.98.

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, hitting analysts' consensus estimates of $0.67. The company had revenue of $287.44 million for the quarter, compared to analyst estimates of $267.42 million. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. On average, equities 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 declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.60 annualized dividend and a yield of 1.40%. Heidrick & Struggles International's dividend payout ratio is presently 171.43%.

Insiders Place Their Bets

In related news, CEO Thomas L. Monahan acquired 5,000 shares of Heidrick & Struggles International stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $45.55 per share, for a total transaction of $227,750.00. Following the completion of the purchase, the chief executive officer now owns 144,834 shares in the company, valued at approximately $6,597,188.70. The trade was a 3.58% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. 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 report on Tuesday, April 15th. Barrington Research lifted 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.

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.