Los Angeles Capital Management LLC Sells 1,800 Shares of Heidrick & Struggles International, Inc. $HSII

Los Angeles Capital Management LLC reduced its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 18.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,145 shares of the business services provider’s stock after selling 1,800 shares during the period. Los Angeles Capital Management LLC’s holdings in Heidrick & Struggles International were worth $373,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HSII. CWM LLC increased its holdings in shares of Heidrick & Struggles International by 375.2% in the 2nd quarter. CWM LLC now owns 784 shares of the business services provider’s stock worth $36,000 after purchasing an additional 619 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Heidrick & Struggles International by 38.9% during the second quarter. Nisa Investment Advisors LLC now owns 846 shares of the business services provider’s stock valued at $39,000 after buying an additional 237 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Heidrick & Struggles International in the 2nd quarter worth about $101,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Heidrick & Struggles International in the 2nd quarter worth about $208,000. Finally, Bailard Inc. purchased a new position in Heidrick & Struggles International in the 1st quarter worth about $214,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HSII shares. Truist Financial raised their price target on shares of Heidrick & Struggles International from $48.00 to $59.00 and gave the company a “hold” rating in a report on Monday, October 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Heidrick & Struggles International in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Heidrick & Struggles International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Finally, Barrington Research set a $59.00 price target on Heidrick & Struggles International in a report on Thursday, October 9th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $59.00.

Heidrick & Struggles International Stock Down 0.0%

NASDAQ HSII opened at $58.61 on Friday. Heidrick & Struggles International, Inc. has a 52 week low of $36.87 and a 52 week high of $58.85. The company has a market capitalization of $1.22 billion, a P/E ratio of 36.86, a price-to-earnings-growth ratio of 1.15 and a beta of 1.10. The stock’s 50-day moving average price is $54.96 and its 200-day moving average price is $48.77.

Heidrick & Struggles International (NASDAQ:HSII) last released its earnings results on Monday, November 3rd. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.07. Heidrick & Struggles International had a net margin of 2.92% and a return on equity of 14.85%. The company had revenue of $327.90 million during the quarter, compared to analyst estimates of $305.19 million. Research analysts anticipate that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current year.

Heidrick & Struggles International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, November 13th. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 35.09%.

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.