Insider Selling: Heidrick & Struggles International, Inc. (NASDAQ:HSII) Insider Sells 12,000 Shares of Stock

Heidrick & Struggles International, Inc. (NASDAQ:HSII) insider Sarah Payne sold 12,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $42.70, for a total value of $512,400.00. Following the completion of the transaction, the insider now directly owns 20,384 shares in the company, valued at $870,396.80. This trade represents a 37.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Heidrick & Struggles International Trading Down 0.6%

NASDAQ:HSII opened at $43.60 on Thursday. The firm’s fifty day simple moving average is $42.00 and its 200 day simple moving average is $43.22. Heidrick & Struggles International, Inc. has a twelve month low of $30.20 and a twelve month high of $49.02. The firm has a market capitalization of $899.03 million, a price-to-earnings ratio of 124.57, a PEG ratio of 0.96 and a beta of 1.02.

Heidrick & Struggles International (NASDAQ:HSII) last issued its quarterly earnings data on Monday, May 5th. The business services provider reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates of $0.67. Heidrick & Struggles International had a return on equity of 14.23% and a net margin of 0.71%. The company had revenue of $287.44 million for the quarter, compared to analysts’ expectations of $267.42 million. On average, analysts predict that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current year.

Heidrick & Struggles International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a $0.15 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.38%. Heidrick & Struggles International’s dividend payout ratio is currently 171.43%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. KLP Kapitalforvaltning AS purchased a new stake in Heidrick & Struggles International during the 4th quarter worth approximately $173,000. Bailard Inc. acquired a new stake in shares of Heidrick & Struggles International during the first quarter worth approximately $214,000. Gallacher Capital Management LLC bought a new stake in shares of Heidrick & Struggles International in the first quarter worth $231,000. ProShare Advisors LLC acquired a new stake in Heidrick & Struggles International in the fourth quarter valued at $269,000. Finally, Hohimer Wealth Management LLC boosted its stake in Heidrick & Struggles International by 5.4% during the 1st quarter. Hohimer Wealth Management LLC now owns 6,922 shares of the business services provider’s stock valued at $296,000 after acquiring an additional 353 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on HSII. Truist Financial raised their price objective on Heidrick & Struggles International from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, June 20th. Barrington Research reissued an “outperform” rating and set a $52.00 target price on shares of Heidrick & Struggles International in a research report on Friday, June 13th.

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.