Sterling Capital Management LLC Acquires 574 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Sterling Capital Management LLC lifted its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,984 shares of the business services provider’s stock after acquiring an additional 574 shares during the period. Sterling Capital Management LLC’s holdings in Heidrick & Struggles International were worth $487,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in HSII. KLP Kapitalforvaltning AS purchased a new stake in Heidrick & Struggles International in the 4th quarter worth $173,000. Orion Portfolio Solutions LLC purchased a new stake in shares of Heidrick & Struggles International in the third quarter worth about $207,000. HighTower Advisors LLC bought a new position in Heidrick & Struggles International during the third quarter valued at approximately $212,000. ExodusPoint Capital Management LP purchased a new position in Heidrick & Struggles International during the 4th quarter valued at approximately $425,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in Heidrick & Struggles International in the 4th quarter worth approximately $445,000. Institutional investors own 90.13% of the company’s stock.

Insider Activity

In other news, CEO Thomas L. Monahan purchased 5,000 shares of the business’s stock in a transaction that occurred 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 acquisition, the chief executive officer now owns 144,834 shares of the company’s stock, valued at approximately $6,597,188.70. This trade represents a 3.58 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Heidrick & Struggles International from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday. Barrington Research boosted their target price on shares of Heidrick & Struggles International from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th.

Heidrick & Struggles International Stock Performance

Shares of Heidrick & Struggles International stock opened at $37.96 on Friday. The stock has a 50 day moving average price of $42.35 and a 200-day moving average price of $43.23. Heidrick & Struggles International, Inc. has a one year low of $29.03 and a one year high of $49.02. The stock has a market cap of $782.93 million, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 0.91 and a beta of 0.86.

Heidrick & Struggles International Dividend Announcement

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

Heidrick & Struggles International 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.