Heidrick & Struggles International, Inc. (NASDAQ:HSII) Sees Large Decline in Short Interest

Heidrick & Struggles International, Inc. (NASDAQ:HSII) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 397,000 shares, a decline of 6.8% from the March 15th total of 426,000 shares. Based on an average daily trading volume, of 143,300 shares, the days-to-cover ratio is currently 2.8 days.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. TheStreet raised shares of Heidrick & Struggles International from a “c+” rating to a “b-” rating in a research note on Monday, February 12th. StockNews.com upgraded Heidrick & Struggles International from a “hold” rating to a “buy” rating in a report on Tuesday, March 12th. Truist Financial boosted their target price on Heidrick & Struggles International from $27.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $40.00 price target on shares of Heidrick & Struggles International in a research note on Monday, March 4th.

Institutional Trading of Heidrick & Struggles International

A number of large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Heidrick & Struggles International by 2.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,813 shares of the business services provider’s stock worth $467,000 after acquiring an additional 338 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Heidrick & Struggles International by 4.7% in the second quarter. The Manufacturers Life Insurance Company now owns 8,068 shares of the business services provider’s stock valued at $214,000 after purchasing an additional 364 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Heidrick & Struggles International by 1.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 24,160 shares of the business services provider’s stock worth $640,000 after buying an additional 395 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of Heidrick & Struggles International by 4.3% during the 4th quarter. Orion Portfolio Solutions LLC now owns 9,641 shares of the business services provider’s stock worth $269,000 after buying an additional 399 shares during the last quarter. Finally, Tudor Investment Corp Et Al grew its stake in Heidrick & Struggles International by 0.8% in the 2nd quarter. Tudor Investment Corp Et Al now owns 49,998 shares of the business services provider’s stock valued at $1,323,000 after buying an additional 407 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

Heidrick & Struggles International Stock Performance

NASDAQ:HSII opened at $29.42 on Thursday. Heidrick & Struggles International has a 52-week low of $22.52 and a 52-week high of $35.38. The company has a market cap of $594.58 million, a P/E ratio of 11.10, a P/E/G ratio of 0.70 and a beta of 0.83. The stock’s 50-day simple moving average is $31.54 and its 200 day simple moving average is $28.73.

Heidrick & Struggles International (NASDAQ:HSII) last posted its quarterly earnings results on Monday, February 26th. The business services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.03. Heidrick & Struggles International had a return on equity of 13.81% and a net margin of 5.23%. The firm had revenue of $253.16 million for the quarter, compared to analyst estimates of $248.17 million. As a group, equities analysts predict that Heidrick & Struggles International will post 2.69 earnings per share for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, March 8th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.04%. The ex-dividend date was Thursday, March 7th. Heidrick & Struggles International’s dividend payout ratio (DPR) is currently 22.64%.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, consulting, and on-demand talent services to businesses and business leaders worldwide. It enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.