Gladius Capital Management LP Purchases New Position in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Gladius Capital Management LP acquired a new position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 800 shares of the business services provider’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Heidrick & Struggles International by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,376,789 shares of the business services provider’s stock worth $43,479,000 after acquiring an additional 29,820 shares during the last quarter. Mak Capital One LLC boosted its stake in Heidrick & Struggles International by 35.2% in the second quarter. Mak Capital One LLC now owns 993,408 shares of the business services provider’s stock valued at $31,372,000 after acquiring an additional 258,583 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Heidrick & Struggles International in the 2nd quarter worth $29,938,000. Invenomic Capital Management LP boosted its holdings in Heidrick & Struggles International by 31.5% during the first quarter. Invenomic Capital Management LP now owns 389,950 shares of the business services provider’s stock worth $13,126,000 after buying an additional 93,400 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in Heidrick & Struggles International by 0.7% during the second quarter. LSV Asset Management now owns 311,632 shares of the business services provider’s stock worth $9,841,000 after buying an additional 2,074 shares during the last quarter. 90.13% of the stock is owned by institutional investors.

Heidrick & Struggles International Price Performance

NASDAQ:HSII opened at $44.78 on Friday. The business’s 50-day simple moving average is $39.51 and its 200-day simple moving average is $36.36. Heidrick & Struggles International, Inc. has a fifty-two week low of $26.52 and a fifty-two week high of $49.02. The stock has a market capitalization of $913.96 million, a PE ratio of 24.21, a price-to-earnings-growth ratio of 1.05 and a beta of 0.85.

Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $282.82 million for the quarter, compared to analyst estimates of $267.65 million. Heidrick & Struggles International had a net margin of 3.53% and a return on equity of 12.38%. During the same quarter in the previous year, the firm posted $0.73 earnings per share. On average, research analysts expect that Heidrick & Struggles International, Inc. will post 2.67 earnings per share for the current year.

Heidrick & Struggles International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, November 14th. Heidrick & Struggles International’s dividend payout ratio is 32.43%.

Analyst Ratings Changes

HSII has been the topic of a number of analyst reports. Barrington Research reiterated an “outperform” rating and issued a $44.00 price target on shares of Heidrick & Struggles International in a research report on Friday, September 20th. Truist Financial reiterated a “hold” rating and issued a $40.00 target price (up from $33.00) on shares of Heidrick & Struggles International in a report on Tuesday, November 5th. Finally, StockNews.com raised shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th.

Heidrick & Struggles International Company Profile

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.