Heidrick & Struggles International, Inc. (NASDAQ:HSII) Sees Significant Decline in Short Interest

Heidrick & Struggles International, Inc. (NASDAQ:HSII) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 460,300 shares, a decrease 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.

Analyst Upgrades and Downgrades

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

Heidrick & Struggles International Price Performance

Heidrick & Struggles International stock opened at $46.09 on Tuesday. The firm has a market capitalization of $940.70 million, a price-to-earnings ratio of 24.91, a PEG ratio of 0.95 and a beta of 0.88. The company’s 50 day simple moving average is $45.27 and its 200 day simple moving average is $40.21. Heidrick & Struggles International has a fifty-two week low of $27.07 and a fifty-two week high of $49.02.

Heidrick & Struggles International (NASDAQ:HSII) last posted its earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. The company had revenue of $282.82 million for the quarter, compared to analyst estimates of $267.65 million. During the same period last year, the business posted $0.73 earnings per share. As a group, analysts predict that Heidrick & Struggles International will post 2.68 EPS for the current fiscal year.

Heidrick & Struggles International Announces Dividend

The firm also recently announced 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 payout ratio is 32.43%.

Institutional Investors Weigh In On Heidrick & Struggles International

Hedge funds have recently modified their holdings of the business. Quest Partners LLC acquired a new position in shares of Heidrick & Struggles International in the 3rd quarter valued at approximately $30,000. Gladius Capital Management LP bought a new position in Heidrick & Struggles International in the third quarter valued at approximately $31,000. Quantbot Technologies LP bought a new position in Heidrick & Struggles International in the third quarter valued at approximately $33,000. Quarry LP acquired a new position in shares of Heidrick & Struggles International in the second quarter valued at approximately $44,000. Finally, Victory Capital Management Inc. increased its position in shares of Heidrick & Struggles International by 7.5% during the second quarter. Victory Capital Management Inc. now owns 5,705 shares of the business services provider’s stock worth $180,000 after acquiring an additional 396 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

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.