Short Interest in Heidrick & Struggles International, Inc. (NASDAQ:HSII) Decreases By 5.1%

Heidrick & Struggles International, Inc. (NASDAQ:HSII) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 460,300 shares, a drop of 5.1% from the December 15th total of 484,900 shares. Based on an average daily volume of 142,100 shares, the short-interest ratio is presently 3.2 days.

Institutional Investors Weigh In On Heidrick & Struggles International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Inspire Investing LLC raised its holdings in shares of Heidrick & Struggles International by 160.1% during the fourth quarter. Inspire Investing LLC now owns 27,722 shares of the business services provider’s stock valued at $1,228,000 after acquiring an additional 17,062 shares in the last quarter. SG Americas Securities LLC increased its position in Heidrick & Struggles International by 19.6% during the 4th quarter. SG Americas Securities LLC now owns 13,650 shares of the business services provider’s stock valued at $605,000 after buying an additional 2,236 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Heidrick & Struggles International by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 40,305 shares of the business services provider’s stock worth $1,566,000 after purchasing an additional 6,990 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Heidrick & Struggles International by 8.6% in the 3rd quarter. Principal Financial Group Inc. now owns 108,485 shares of the business services provider’s stock worth $4,216,000 after purchasing an additional 8,617 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Heidrick & Struggles International by 280.9% during the third quarter. Barclays PLC now owns 37,476 shares of the business services provider’s stock valued at $1,456,000 after buying an additional 27,637 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HSII shares. Barrington Research lifted their price objective on Heidrick & Struggles International from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Truist Financial reiterated a “hold” rating and set a $42.00 price target (up previously from $40.00) on shares of Heidrick & Struggles International in a research report on Wednesday, December 4th. Finally, StockNews.com upgraded shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th.

Heidrick & Struggles International Price Performance

Shares of HSII opened at $46.09 on Monday. Heidrick & Struggles International has a 1 year low of $27.07 and a 1 year high of $49.02. The stock has a 50 day simple moving average of $45.31 and a two-hundred day simple moving average of $40.11. The firm has a market cap of $940.70 million, a P/E ratio of 24.91, a P/E/G ratio of 0.95 and a beta of 0.88.

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

Heidrick & Struggles International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a $0.15 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.30%. Heidrick & Struggles International’s dividend payout ratio (DPR) is currently 32.43%.

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.