Royce & Associates LP Buys 27,279 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Royce & Associates LP boosted its stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 88.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,054 shares of the business services provider’s stock after purchasing an additional 27,279 shares during the quarter. Royce & Associates LP owned about 0.28% of Heidrick & Struggles International worth $2,572,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in shares of Heidrick & Struggles International by 1.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 34,170 shares of the business services provider’s stock valued at $1,328,000 after purchasing an additional 427 shares in the last quarter. Swiss National Bank grew its position in Heidrick & Struggles International by 1.3% in the fourth quarter. Swiss National Bank now owns 40,000 shares of the business services provider’s stock valued at $1,772,000 after acquiring an additional 500 shares during the last quarter. Quest Partners LLC acquired a new position in Heidrick & Struggles International during the third quarter worth about $30,000. Quantbot Technologies LP bought a new position in shares of Heidrick & Struggles International in the third quarter worth about $33,000. Finally, Dynamic Technology Lab Private Ltd boosted its stake in shares of Heidrick & Struggles International by 5.9% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 17,196 shares of the business services provider’s stock valued at $668,000 after purchasing an additional 964 shares in the last quarter. Institutional investors own 90.13% of the company’s stock.

Insider Activity at Heidrick & Struggles International

In related news, CEO Thomas L. Monahan purchased 5,000 shares of Heidrick & Struggles International stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $45.55 per share, for a total transaction of $227,750.00. Following the completion of the acquisition, the chief executive officer now owns 144,834 shares of the company’s stock, valued at $6,597,188.70. This trade represents a 3.58 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.

Heidrick & Struggles International Stock Performance

Heidrick & Struggles International stock opened at $42.80 on Friday. The firm has a 50 day moving average price of $44.41 and a two-hundred day moving average price of $42.65. Heidrick & Struggles International, Inc. has a 52-week low of $29.03 and a 52-week high of $49.02. The firm has a market cap of $873.55 million, a price-to-earnings ratio of 23.14, a PEG ratio of 0.91 and a beta of 0.80.

Heidrick & Struggles International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.40%. Heidrick & Struggles International’s dividend payout ratio (DPR) is currently 150.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HSII. Truist Financial reissued a “hold” rating and set a $42.00 price target (up from $40.00) on shares of Heidrick & Struggles International in a research note on Wednesday, December 4th. Barrington Research raised their price target on shares of Heidrick & Struggles International from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th.

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.