Quarry LP Makes New $44,000 Investment in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Quarry LP purchased a new stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,395 shares of the business services provider’s stock, valued at approximately $44,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Russell Investments Group Ltd. grew its holdings in shares of Heidrick & Struggles International by 158.6% in the 1st quarter. Russell Investments Group Ltd. now owns 115,663 shares of the business services provider’s stock valued at $3,893,000 after acquiring an additional 70,940 shares in the last quarter. American Century Companies Inc. grew its stake in Heidrick & Struggles International by 43.8% in the second quarter. American Century Companies Inc. now owns 46,621 shares of the business services provider’s stock valued at $1,472,000 after purchasing an additional 14,209 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Heidrick & Struggles International during the 2nd quarter worth approximately $29,000. SG Americas Securities LLC bought a new stake in shares of Heidrick & Struggles International during the 2nd quarter worth approximately $198,000. Finally, Wellington Management Group LLP raised its stake in shares of Heidrick & Struggles International by 95.0% during the 4th quarter. Wellington Management Group LLP now owns 223,616 shares of the business services provider’s stock worth $6,603,000 after purchasing an additional 108,916 shares in the last quarter. 90.13% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Sarah Payne sold 8,691 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $40.40, for a total transaction of $351,116.40. Following the transaction, the insider now directly owns 27,451 shares in the company, valued at approximately $1,109,020.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Heidrick & Struggles International news, CFO Mark R. Harris sold 7,500 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $40.70, for a total value of $305,250.00. Following the transaction, the chief financial officer now directly owns 65,953 shares in the company, valued at $2,684,287.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sarah Payne sold 8,691 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $40.40, for a total transaction of $351,116.40. Following the transaction, the insider now directly owns 27,451 shares of the company’s stock, valued at $1,109,020.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HSII has been the subject of several analyst reports. Barrington Research reiterated an “outperform” rating and issued a $44.00 price objective on shares of Heidrick & Struggles International in a research note on Friday, September 20th. StockNews.com cut Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th.

Heidrick & Struggles International Price Performance

Heidrick & Struggles International stock opened at $37.41 on Friday. The firm has a market cap of $757.48 million, a P/E ratio of 14.61, a P/E/G ratio of 0.91 and a beta of 0.85. The stock’s 50 day moving average is $37.50 and its 200 day moving average is $34.41. Heidrick & Struggles International, Inc. has a one year low of $22.52 and a one year high of $41.94.

Heidrick & Struggles International (NASDAQ:HSII) last issued its quarterly earnings data on Monday, July 29th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.11. Heidrick & Struggles International had a net margin of 3.59% and a return on equity of 12.66%. The firm had revenue of $282.88 million during the quarter, compared to analysts’ expectations of $265.69 million. During the same period last year, the company earned $0.73 earnings per share. Equities analysts anticipate that Heidrick & Struggles International, Inc. will post 2.62 earnings per share for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Friday, August 9th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.60%. Heidrick & Struggles International’s payout ratio is 23.44%.

Heidrick & Struggles International Profile

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, consulting, and on-demand talent services to businesses and business leaders worldwide. It enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.