Bailard Inc. Invests $260,000 in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Bailard Inc. acquired a new stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,800 shares of the business services provider’s stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quadrature Capital Ltd lifted its stake in shares of Heidrick & Struggles International by 22.7% during the third quarter. Quadrature Capital Ltd now owns 10,514 shares of the business services provider’s stock valued at $263,000 after buying an additional 1,946 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Heidrick & Struggles International by 77.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 297,188 shares of the business services provider’s stock worth $7,436,000 after purchasing an additional 129,644 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of Heidrick & Struggles International by 7.2% during the third quarter. First Eagle Investment Management LLC now owns 120,348 shares of the business services provider’s stock worth $3,011,000 after purchasing an additional 8,078 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Heidrick & Struggles International in the third quarter valued at $2,870,000. Finally, Barclays PLC increased its stake in Heidrick & Struggles International by 37.3% in the third quarter. Barclays PLC now owns 23,566 shares of the business services provider’s stock valued at $589,000 after purchasing an additional 6,402 shares during the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Wall Street Analyst Weigh In

HSII has been the subject of several recent analyst reports. TheStreet upgraded Heidrick & Struggles International from a “c+” rating to a “b-” rating in a report on Monday, February 12th. StockNews.com upgraded shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating in a report on Tuesday, March 12th. 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. Finally, Truist Financial boosted their price objective on shares of Heidrick & Struggles International from $27.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th.

Heidrick & Struggles International Stock Performance

Shares of NASDAQ:HSII opened at $30.26 on Monday. The stock has a 50-day simple moving average of $31.63 and a 200-day simple moving average of $28.97. The stock has a market capitalization of $611.55 million, a P/E ratio of 11.42, a PEG ratio of 0.70 and a beta of 0.83. Heidrick & Struggles International, Inc. has a 1 year low of $22.52 and a 1 year high of $35.38.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings data on Monday, February 26th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.03. Heidrick & Struggles International had a net margin of 5.23% and a return on equity of 13.81%. The company had revenue of $253.16 million during the quarter, compared to the consensus estimate of $248.17 million. Analysts predict that Heidrick & Struggles International, Inc. will post 2.69 earnings per share for the current year.

Heidrick & Struggles International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, March 8th were issued a $0.15 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.60 annualized dividend and a yield of 1.98%. Heidrick & Struggles International’s dividend payout ratio 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.