Invenomic Capital Management LP Grows Position in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Invenomic Capital Management LP lifted its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 31.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 389,950 shares of the business services provider’s stock after purchasing an additional 93,400 shares during the quarter. Invenomic Capital Management LP owned about 1.93% of Heidrick & Struggles International worth $13,126,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. AJOVista LLC purchased a new position in shares of Heidrick & Struggles International during the 4th quarter worth $51,000. Allspring Global Investments Holdings LLC boosted its holdings in Heidrick & Struggles International by 1,382.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,824 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 3,566 shares during the period. Everence Capital Management Inc. purchased a new position in Heidrick & Struggles International during the 1st quarter valued at about $212,000. Maryland State Retirement & Pension System purchased a new position in Heidrick & Struggles International during the 4th quarter valued at about $218,000. Finally, Bailard Inc. purchased a new position in Heidrick & Struggles International during the 4th quarter valued at about $260,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barrington Research restated an “outperform” rating and set a $40.00 target price on shares of Heidrick & Struggles International in a report on Thursday, May 16th. StockNews.com cut Heidrick & Struggles International from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 27th. Finally, Truist Financial raised their target price on Heidrick & Struggles International from $30.00 to $33.00 and gave the company a “hold” rating in a report on Tuesday, May 7th.

Heidrick & Struggles International Stock Up 15.2 %

HSII traded up $5.43 during trading on Tuesday, hitting $41.21. 380,362 shares of the stock were exchanged, compared to its average volume of 167,326. The firm has a market capitalization of $834.50 million, a P/E ratio of 16.10, a PEG ratio of 0.93 and a beta of 0.88. Heidrick & Struggles International, Inc. has a 1-year low of $22.52 and a 1-year high of $41.94. The stock has a fifty day moving average price of $33.73 and a two-hundred day moving average price of $32.05.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings results on Monday, July 29th. The business services provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.56 by $0.11. The company had revenue of $282.88 million for the quarter, compared to analyst estimates of $265.69 million. Heidrick & Struggles International had a return on equity of 13.10% and a net margin of 4.95%. During the same quarter in the previous year, the company posted $0.73 earnings per share. Analysts predict that Heidrick & Struggles International, Inc. will post 2.43 EPS for the current year.

Heidrick & Struggles International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Wednesday, May 15th. Heidrick & Struggles International’s payout ratio is currently 23.44%.

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.