Los Angeles Capital Management LLC Sells 1,900 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Los Angeles Capital Management LLC trimmed its position in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 12.1% during the third quarter, HoldingsChannel.com reports. The firm owned 13,745 shares of the business services provider’s stock after selling 1,900 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Heidrick & Struggles International were worth $534,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. raised its position in Heidrick & Struggles International by 7.5% in the 2nd quarter. Victory Capital Management Inc. now owns 5,705 shares of the business services provider’s stock valued at $180,000 after buying an additional 396 shares during the last quarter. Keene & Associates Inc. lifted its position in shares of Heidrick & Struggles International by 4.8% in the second quarter. Keene & Associates Inc. now owns 9,565 shares of the business services provider’s stock worth $302,000 after purchasing an additional 435 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Heidrick & Struggles International by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 7,738 shares of the business services provider’s stock worth $244,000 after purchasing an additional 510 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Heidrick & Struggles International by 7.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 10,418 shares of the business services provider’s stock valued at $351,000 after purchasing an additional 701 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Heidrick & Struggles International by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,676 shares of the business services provider’s stock valued at $562,000 after buying an additional 863 shares during the last quarter. 90.13% of the stock is owned by institutional investors and hedge funds.

Heidrick & Struggles International Price Performance

Shares of HSII opened at $44.78 on Friday. The company has a market cap of $913.96 million, a PE ratio of 24.21, a price-to-earnings-growth ratio of 1.10 and a beta of 0.85. The firm has a 50-day moving average of $39.51 and a 200-day moving average of $36.36. Heidrick & Struggles International, Inc. has a one year low of $26.52 and a one year high of $49.02.

Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. The firm had revenue of $282.82 million for the quarter, compared to the consensus estimate of $267.65 million. During the same quarter in the previous year, the business earned $0.73 earnings per share. Analysts expect that Heidrick & Struggles International, Inc. will post 2.67 earnings per share for the current year.

Heidrick & Struggles International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, November 14th. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 32.43%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HSII. Truist Financial restated a “hold” rating and set a $40.00 price objective (up from $33.00) on shares of Heidrick & Struggles International in a research note on Tuesday, November 5th. StockNews.com raised Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $44.00 price target on shares of Heidrick & Struggles International in a research report on Friday, September 20th.

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.