Balanced Rock Investment Advisors LLC Sells 2,059 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Balanced Rock Investment Advisors LLC reduced its stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 20.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

Other institutional investors also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co boosted its position in shares of Heidrick & Struggles International by 6.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 28,935 shares of the business services provider’s stock worth $1,283,000 after purchasing an additional 1,845 shares in the last quarter. XTX Topco Ltd purchased a new stake in Heidrick & Struggles International in the fourth quarter valued at about $405,000. Icon Advisers Inc. Co. acquired a new stake in Heidrick & Struggles International in the fourth quarter worth about $1,241,000. Sterling Capital Management LLC grew its stake in shares of Heidrick & Struggles International by 5.5% during the fourth quarter. Sterling Capital Management LLC now owns 10,984 shares of the business services provider’s stock worth $487,000 after acquiring an additional 574 shares during the last quarter. Finally, Martingale Asset Management L P increased its holdings in shares of Heidrick & Struggles International by 2.5% during the fourth quarter. Martingale Asset Management L P now owns 57,148 shares of the business services provider’s stock valued at $2,532,000 after acquiring an additional 1,403 shares in the last quarter. Institutional investors own 90.13% of the company’s stock.

Heidrick & Struggles International Price Performance

Heidrick & Struggles International 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 business has a 50 day simple moving average of $42.50 and a 200-day simple moving average of $43.23. Heidrick & Struggles International, Inc. has a 12 month low of $29.03 and a 12 month high of $49.02.

Heidrick & Struggles International Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CEO Thomas L. Monahan acquired 5,000 shares of the stock in a transaction on Thursday, March 6th. The shares were bought at an average price of $45.55 per share, with a total value of $227,750.00. Following the completion of the purchase, the chief executive officer now owns 144,834 shares of the company’s stock, valued at approximately $6,597,188.70. This represents a 3.58 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% 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.