Insider Buying: Heidrick & Struggles International, Inc. (NASDAQ:HSII) CEO Acquires $227,750.00 in Stock

Heidrick & Struggles International, Inc. (NASDAQ:HSII) CEO Thomas L. Monahan bought 5,000 shares of Heidrick & Struggles International stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available through this link.

Heidrick & Struggles International Stock Performance

Heidrick & Struggles International stock traded down $2.21 during mid-day trading on Monday, reaching $44.62. 161,416 shares of the company were exchanged, compared to its average volume of 141,626. Heidrick & Struggles International, Inc. has a 12-month low of $29.03 and a 12-month high of $49.02. The business has a fifty day moving average of $44.55 and a 200 day moving average of $42.37. The firm has a market cap of $910.69 million, a P/E ratio of 24.12, a PEG ratio of 0.91 and a beta of 0.80.

Heidrick & Struggles International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Thursday, March 13th. Heidrick & Struggles International’s payout ratio is currently 150.00%.

Hedge Funds Weigh In On Heidrick & Struggles International

Several institutional investors and hedge funds have recently added to or reduced their stakes in HSII. Allianz Asset Management GmbH lifted its position in shares of Heidrick & Struggles International by 39.2% during the fourth quarter. Allianz Asset Management GmbH now owns 599,411 shares of the business services provider’s stock valued at $26,560,000 after buying an additional 168,912 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Heidrick & Struggles International by 398.7% in the fourth quarter. JPMorgan Chase & Co. now owns 200,982 shares of the business services provider’s stock valued at $8,906,000 after acquiring an additional 160,677 shares in the last quarter. American Century Companies Inc. grew its holdings in Heidrick & Struggles International by 125.9% in 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 during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Heidrick & Struggles International during the fourth quarter worth $3,752,000. Finally, Alliancebernstein L.P. lifted its holdings in shares of Heidrick & Struggles International by 345.3% during the 4th quarter. Alliancebernstein L.P. now owns 85,800 shares of the business services provider’s stock valued at $3,802,000 after purchasing an additional 66,530 shares during the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on HSII shares. Barrington Research raised their price objective on Heidrick & Struggles International from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Truist Financial reiterated a “hold” rating and set a $42.00 target price (up from $40.00) on shares of Heidrick & Struggles International in a report on Wednesday, December 4th.

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.