Irvin E. Richter Sells 2,901 Shares of Hill International Inc. (HIL) Stock
Hill International Inc. (NYSE:HIL) major shareholder Irvin E. Richter sold 2,901 shares of the firm’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $4.52, for a total transaction of $13,112.52. Following the completion of the transaction, the insider now directly owns 4,740,905 shares in the company, valued at approximately $21,428,890.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Hill International Inc. (NYSE:HIL) opened at 4.43 on Friday. The firm has a market cap of $229.24 million, a price-to-earnings ratio of 47.63 and a beta of 1.00. The firm’s 50-day moving average is $4.44 and its 200-day moving average is $4.17. Hill International Inc. has a 52-week low of $2.62 and a 52-week high of $4.68.
Hill International (NYSE:HIL) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by $0.06. The firm earned $175.60 million during the quarter, compared to analyst estimates of $174.50 million. Hill International had a net margin of 0.66% and a return on equity of 8.00%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 EPS. Analysts forecast that Hill International Inc. will post $0.27 EPS for the current fiscal year.
Separately, Zacks Investment Research cut Hill International from a “hold” rating to a “sell” rating in a report on Wednesday.
A number of hedge funds have recently made changes to their positions in the stock. Foundry Partners LLC boosted its stake in shares of Hill International by 1.2% in the third quarter. Foundry Partners LLC now owns 462,325 shares of the company’s stock worth $2,131,000 after buying an additional 5,650 shares in the last quarter. Menta Capital LLC boosted its stake in Hill International by 5.5% in the second quarter. Menta Capital LLC now owns 109,446 shares of the company’s stock worth $445,000 after buying an additional 5,724 shares in the last quarter. State Street Corp boosted its stake in Hill International by 3.6% in the second quarter. State Street Corp now owns 396,115 shares of the company’s stock worth $1,612,000 after buying an additional 13,621 shares in the last quarter. AXA boosted its stake in Hill International by 17.3% in the second quarter. AXA now owns 91,370 shares of the company’s stock worth $372,000 after buying an additional 13,445 shares in the last quarter. Finally, BlackRock Investment Management LLC boosted its stake in Hill International by 1.6% in the second quarter. BlackRock Investment Management LLC now owns 146,642 shares of the company’s stock worth $597,000 after buying an additional 2,239 shares in the last quarter. Hedge funds and other institutional investors own 48.90% of the company’s stock.
About Hill International
Hill International, Inc (Hill) is a professional services firm. The Company provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. The Company operates in two segments: Project Management Group and Construction Claims Group.
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