Russell Investments Group Ltd. Sells 20,141 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Russell Investments Group Ltd. reduced its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 60.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,304 shares of the business services provider's stock after selling 20,141 shares during the quarter. Russell Investments Group Ltd. owned 0.07% of Heidrick & Struggles International worth $590,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Wells Fargo & Company MN grew its position in shares of Heidrick & Struggles International by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 11,827 shares of the business services provider's stock valued at $524,000 after purchasing an additional 2,576 shares during the period. ExodusPoint Capital Management LP acquired a new position in shares of Heidrick & Struggles International in the 4th quarter valued at approximately $425,000. Villanova Investment Management Co LLC grew its position in shares of Heidrick & Struggles International by 10.7% in the 4th quarter. Villanova Investment Management Co LLC now owns 27,522 shares of the business services provider's stock valued at $1,220,000 after purchasing an additional 2,662 shares during the period. Alliancebernstein L.P. grew its position in shares of Heidrick & Struggles International by 345.3% in the 4th quarter. Alliancebernstein L.P. now owns 85,800 shares of the business services provider's stock valued at $3,802,000 after purchasing an additional 66,530 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Heidrick & Struggles International in the 4th quarter valued at approximately $445,000. Institutional investors and hedge funds own 90.13% of the company's stock.

Insiders Place Their Bets

In other news, CEO Thomas L. Monahan purchased 5,000 shares of Heidrick & Struggles International stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $45.55 per share, with a total value of $227,750.00. Following the transaction, the chief executive officer now directly owns 144,834 shares in the company, valued at $6,597,188.70. The trade was a 3.58 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.43% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barrington Research boosted their price objective on 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 boosted their price objective on Heidrick & Struggles International from $42.00 to $44.00 and gave the company a "hold" rating in a research report on Tuesday, April 15th.

Heidrick & Struggles International Price Performance

NASDAQ:HSII traded up $0.21 during trading hours on Monday, reaching $38.77. 115,758 shares of the stock were exchanged, compared to its average volume of 156,110. Heidrick & Struggles International, Inc. has a twelve month low of $29.03 and a twelve month high of $49.02. The firm has a 50 day moving average of $41.60 and a 200 day moving average of $43.35. The stock has a market cap of $799.63 million, a PE ratio of 20.96, a PEG ratio of 0.91 and a beta of 0.86.

Heidrick & Struggles International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Thursday, March 13th. Heidrick & Struggles International's dividend payout ratio (DPR) is currently 150.00%.

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.