Heidrick & Struggles International, Inc. (NASDAQ:HSII) Short Interest Down 6.8% in March

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

Heidrick & Struggles International Stock Performance

NASDAQ:HSII opened at $29.42 on Thursday. The stock has a market cap of $594.58 million, a price-to-earnings ratio of 11.10, a PEG ratio of 0.70 and a beta of 0.83. Heidrick & Struggles International has a 1 year low of $22.52 and a 1 year high of $35.38. The business has a fifty day moving average of $31.54 and a 200-day moving average of $28.73.

Heidrick & Struggles International (NASDAQ:HSII) last announced its earnings results on Monday, February 26th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $253.16 million during the quarter, compared to analyst estimates of $248.17 million. On average, equities research analysts predict that Heidrick & Struggles International will post 2.69 EPS for the current year.

Heidrick & Struggles International Dividend Announcement

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

Hedge Funds Weigh In On Heidrick & Struggles International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Heidrick & Struggles International by 0.3% in the 1st quarter. BlackRock Inc. now owns 3,470,235 shares of the business services provider’s stock worth $105,356,000 after purchasing an additional 10,599 shares during the last quarter. Vanguard Group Inc. grew its position in Heidrick & Struggles International by 0.7% in the third quarter. Vanguard Group Inc. now owns 1,548,341 shares of the business services provider’s stock worth $40,242,000 after buying an additional 10,331 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Heidrick & Struggles International by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,352,364 shares of the business services provider’s stock valued at $41,057,000 after buying an additional 50,859 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Heidrick & Struggles International by 2.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,270,202 shares of the business services provider’s stock valued at $50,275,000 after acquiring an additional 28,400 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Heidrick & Struggles International by 0.8% during the 2nd quarter. State Street Corp now owns 746,880 shares of the business services provider’s stock worth $19,770,000 after acquiring an additional 5,757 shares in the last quarter. 90.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HSII shares. Barrington Research restated an “outperform” rating and set a $40.00 price objective on shares of Heidrick & Struggles International in a research report on Monday, March 4th. StockNews.com raised shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating in a report on Tuesday, March 12th. TheStreet raised shares of Heidrick & Struggles International from a “c+” rating to a “b-” rating in a research note on Monday, February 12th. Finally, Truist Financial raised their price target 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.

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.