Hill International Inc. (HIL) Major Shareholder Sells $78,167.25 in Stock
Hill International Inc. (NYSE:HIL) major shareholder Irvin E. Richter sold 17,725 shares of the firm’s stock in a transaction that occurred on Tuesday, October 11th. The stock was sold at an average price of $4.41, for a total transaction of $78,167.25. Following the sale, the insider now directly owns 4,730,031 shares in the company, valued at approximately $20,859,436.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Hill International Inc. (NYSE:HIL) opened at 4.26 on Monday. The stock has a market capitalization of $220.45 million, a price-to-earnings ratio of 45.81 and a beta of 0.99. The stock’s 50 day moving average is $4.43 and its 200-day moving average is $4.21. Hill International Inc. has a 12 month low of $2.62 and a 12 month high of $4.68.
Hill International (NYSE:HIL) last issued its earnings results on Wednesday, August 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.06. Hill International had a return on equity of 8.00% and a net margin of 0.66%. The firm had revenue of $175.60 million for the quarter, compared to analysts’ expectations of $174.50 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, equities research analysts expect that Hill International Inc. will post $0.27 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. 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 during the last quarter. Menta Capital LLC boosted its stake in shares of 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 during the last quarter. State Street Corp boosted its stake in shares of 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 during the last quarter. AXA boosted its stake in shares of 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 during the last quarter. Finally, BlackRock Investment Management LLC boosted its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 48.92% of the company’s stock.
Separately, Zacks Investment Research lowered shares of Hill International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th.
Hill International Company Profile
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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