Balanced Rock Investment Advisors LLC Cuts Stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Balanced Rock Investment Advisors LLC lessened its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 20.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,203 shares of the business services provider’s stock after selling 2,059 shares during the quarter. Balanced Rock Investment Advisors LLC’s holdings in Heidrick & Struggles International were worth $363,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HSII. Vanguard Group Inc. increased its stake in shares of Heidrick & Struggles International by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 1,517,661 shares of the business services provider’s stock worth $67,248,000 after buying an additional 14,035 shares during the period. Renaissance Technologies LLC grew its holdings in Heidrick & Struggles International by 3.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,106,640 shares of the business services provider’s stock worth $49,035,000 after acquiring an additional 39,800 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Heidrick & Struggles International by 39.2% in the 4th quarter. Allianz Asset Management GmbH now owns 599,411 shares of the business services provider’s stock valued at $26,560,000 after purchasing an additional 168,912 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Heidrick & Struggles International by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 495,513 shares of the business services provider’s stock valued at $19,259,000 after purchasing an additional 18,771 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Heidrick & Struggles International by 125.9% during the fourth quarter. American Century Companies Inc. now owns 287,569 shares of the business services provider’s stock worth $12,742,000 after purchasing an additional 160,257 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

Heidrick & Struggles International Stock Performance

HSII stock opened at $37.96 on Friday. The stock has a market capitalization of $774.76 million, a PE ratio of 20.52, a price-to-earnings-growth ratio of 0.91 and a beta of 0.86. The company has a fifty day moving average of $42.50 and a 200-day moving average of $43.23. Heidrick & Struggles International, Inc. has a one year low of $29.03 and a one year high of $49.02.

Heidrick & Struggles International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.58%. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 150.00%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barrington Research increased their price objective on Heidrick & Struggles International from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Truist Financial raised their price objective on shares of Heidrick & Struggles International from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday.

Insider Activity

In other news, CEO Thomas L. Monahan bought 5,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $45.55 per share, for a total transaction of $227,750.00. Following the completion of the transaction, the chief executive officer now owns 144,834 shares in the company, valued at $6,597,188.70. This trade represents a 3.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

About Heidrick & Struggles International

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.