Keene & Associates Inc. Lowers Stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Keene & Associates Inc. lessened its position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 3.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,255 shares of the business services provider’s stock after selling 310 shares during the period. Keene & Associates Inc.’s holdings in Heidrick & Struggles International were worth $360,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HSII. Innealta Capital LLC purchased a new stake in shares of Heidrick & Struggles International in the second quarter worth about $29,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Heidrick & Struggles International in the first quarter worth about $32,000. Quarry LP purchased a new stake in shares of Heidrick & Struggles International in the second quarter worth about $44,000. Meeder Asset Management Inc. purchased a new stake in shares of Heidrick & Struggles International in the second quarter worth about $58,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Heidrick & Struggles International by 1,382.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,824 shares of the business services provider’s stock worth $129,000 after buying an additional 3,566 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Insider Transactions at Heidrick & Struggles International

In other news, CFO Mark R. Harris sold 7,500 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $40.70, for a total transaction of $305,250.00. Following the sale, the chief financial officer now directly owns 65,953 shares in the company, valued at approximately $2,684,287.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Mark R. Harris sold 7,500 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $40.70, for a total transaction of $305,250.00. Following the sale, the chief financial officer now directly owns 65,953 shares in the company, valued at approximately $2,684,287.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $40.40, for a total value of $351,116.40. Following the sale, the insider now owns 27,451 shares in the company, valued at $1,109,020.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Heidrick & Struggles International Stock Up 0.7 %

Shares of NASDAQ HSII opened at $39.04 on Thursday. The stock’s 50 day moving average price is $37.63 and its two-hundred day moving average price is $34.88. Heidrick & Struggles International, Inc. has a 52-week low of $22.52 and a 52-week high of $41.94. The stock has a market capitalization of $790.48 million, a P/E ratio of 15.25, a PEG ratio of 0.89 and a beta of 0.85.

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

Heidrick & Struggles International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Friday, August 9th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Friday, August 9th. Heidrick & Struggles International’s payout ratio is 23.44%.

Wall Street Analyst Weigh In

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

Heidrick & Struggles International Company 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.