Heidrick & Struggles International (NASDAQ:HSII) Stock Price Down 5% – Here’s What Happened

Heidrick & Struggles International, Inc. (NASDAQ:HSII)’s share price fell 5% during mid-day trading on Wednesday . The company traded as low as $43.23 and last traded at $43.51. 54,988 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 141,382 shares. The stock had previously closed at $45.79.

Wall Street Analysts Forecast Growth

HSII has been the subject of several recent analyst reports. Barrington Research boosted their price objective on shares of Heidrick & Struggles International from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Truist Financial reaffirmed a “hold” rating and issued a $42.00 price target (up from $40.00) on shares of Heidrick & Struggles International in a report on Wednesday, December 4th.

Heidrick & Struggles International Price Performance

The firm has a market cap of $888.96 million, a price-to-earnings ratio of 23.50, a P/E/G ratio of 0.91 and a beta of 0.80. The firm has a fifty day simple moving average of $44.59 and a two-hundred day simple moving average of $42.48.

Heidrick & Struggles International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.38%. Heidrick & Struggles International’s payout ratio is 150.00%.

Insiders Place Their Bets

In other Heidrick & Struggles International news, CEO Thomas L. Monahan purchased 5,000 shares of Heidrick & Struggles International stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $45.55 per share, with a total value of $227,750.00. Following the transaction, the chief executive officer now owns 144,834 shares of the company’s stock, valued at $6,597,188.70. This represents a 3.58 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Heidrick & Struggles International

Several hedge funds and other institutional investors have recently bought and sold shares of HSII. Quest Partners LLC acquired a new position in Heidrick & Struggles International in the third quarter valued at approximately $30,000. Gladius Capital Management LP purchased a new position in shares of Heidrick & Struggles International during the 3rd quarter valued at approximately $31,000. Quantbot Technologies LP acquired a new position in shares of Heidrick & Struggles International in the 3rd quarter valued at $33,000. KLP Kapitalforvaltning AS acquired a new position in shares of Heidrick & Struggles International in the 4th quarter valued at $173,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in Heidrick & Struggles International during the third quarter worth $207,000. 90.13% of the stock is owned by institutional investors and hedge funds.

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.