Quantbot Technologies LP Takes $33,000 Position in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Quantbot Technologies LP purchased a new position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 847 shares of the business services provider’s stock, valued at approximately $33,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of Heidrick & Struggles International by 7.5% during the 2nd quarter. Victory Capital Management Inc. now owns 5,705 shares of the business services provider’s stock worth $180,000 after buying an additional 396 shares in the last quarter. Keene & Associates Inc. grew its holdings in Heidrick & Struggles International by 4.8% during the second quarter. Keene & Associates Inc. now owns 9,565 shares of the business services provider’s stock worth $302,000 after acquiring an additional 435 shares during the period. The Manufacturers Life Insurance Company raised its position in Heidrick & Struggles International by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 7,738 shares of the business services provider’s stock worth $244,000 after acquiring an additional 510 shares in the last quarter. Quest Partners LLC acquired a new stake in Heidrick & Struggles International in the third quarter valued at $30,000. Finally, Gladius Capital Management LP purchased a new stake in shares of Heidrick & Struggles International during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

Heidrick & Struggles International Stock Up 0.2 %

NASDAQ:HSII opened at $44.91 on Friday. Heidrick & Struggles International, Inc. has a 52-week low of $26.52 and a 52-week high of $49.02. The stock has a fifty day simple moving average of $42.06 and a 200-day simple moving average of $37.74. The company has a market capitalization of $916.61 million, a PE ratio of 24.28, a price-to-earnings-growth ratio of 1.07 and a beta of 0.88.

Heidrick & Struggles International (NASDAQ:HSII) last announced its earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. The company had revenue of $282.82 million during the quarter, compared to analysts’ expectations of $267.65 million. During the same quarter in the previous year, the business posted $0.73 earnings per share. As a group, equities analysts anticipate that Heidrick & Struggles International, Inc. will post 2.68 earnings per share for the current year.

Heidrick & Struggles International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, November 14th. Heidrick & Struggles International’s dividend payout ratio is presently 32.43%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HSII. Barrington Research increased their price target on shares of Heidrick & Struggles International from $44.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Truist Financial reaffirmed a “hold” rating and issued a $42.00 target price (up from $40.00) on shares of Heidrick & Struggles International in a report on Wednesday. Finally, StockNews.com raised Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th.

About Heidrick & Struggles International

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.