Heidrick & Struggles International, Inc. (NASDAQ:HSII) Sees Significant Growth in Short Interest

Heidrick & Struggles International, Inc. (NASDAQ:HSII) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 368,500 shares, a growth of 33.6% from the August 15th total of 275,900 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily volume of 94,700 shares, the days-to-cover ratio is presently 3.9 days.

Several brokerages have recently issued reports on HSII. Zacks Investment Research raised Heidrick & Struggles International from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Wednesday, July 28th. TheStreet raised Heidrick & Struggles International from a “c+” rating to a “b-” rating in a research report on Monday, June 14th.

Shares of HSII stock traded up $0.25 on Tuesday, reaching $41.30. The stock had a trading volume of 720 shares, compared to its average volume of 114,381. The stock has a market cap of $806.55 million, a P/E ratio of 58.26 and a beta of 0.86. Heidrick & Struggles International has a 1 year low of $19.03 and a 1 year high of $46.90. The company has a 50 day simple moving average of $41.89 and a 200 day simple moving average of $41.16.

Heidrick & Struggles International (NASDAQ:HSII) last announced its earnings results on Sunday, July 25th. The business services provider reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.20. The company had revenue of $259.98 million for the quarter, compared to analysts’ expectations of $219.86 million. Heidrick & Struggles International had a return on equity of 21.55% and a net margin of 1.96%. As a group, sell-side analysts predict that Heidrick & Struggles International will post 3.56 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 20th. Shareholders of record on Friday, August 6th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.45%. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 33.90%.

In related news, COO Michael M. Cullen sold 6,250 shares of the stock in a transaction dated Thursday, July 29th. The stock was sold at an average price of $42.74, for a total transaction of $267,125.00. Following the completion of the sale, the chief operating officer now directly owns 24,910 shares in the company, valued at approximately $1,064,653.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sarah Payne sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, August 20th. The shares were sold at an average price of $41.55, for a total value of $249,300.00. Following the transaction, the insider now directly owns 1,152 shares of the company’s stock, valued at approximately $47,865.60. The disclosure for this sale can be found here. Insiders sold a total of 22,422 shares of company stock valued at $954,505 over the last quarter. Company insiders own 1.70% of the company’s stock.

Large investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd bought a new position in Heidrick & Struggles International in the first quarter worth approximately $33,000. Royal Bank of Canada purchased a new stake in shares of Heidrick & Struggles International during the second quarter valued at $59,000. Lazard Asset Management LLC purchased a new stake in shares of Heidrick & Struggles International during the second quarter valued at $66,000. Ensign Peak Advisors Inc purchased a new stake in shares of Heidrick & Struggles International during the first quarter valued at $89,000. Finally, Arkadios Wealth Advisors grew its holdings in shares of Heidrick & Struggles International by 2,451.0% during the second quarter. Arkadios Wealth Advisors now owns 3,852 shares of the business services provider’s stock valued at $171,000 after buying an additional 3,701 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Heidrick & Struggles International Company Profile

Heidrick & Struggles International, Inc engages in provision of leadership consulting, culture shaping and senior-level executive search services. It offers its clients build leadership teams through facilitating the recruitment, management and deployment of senior executives. The company was founded by Gardner Heidrick and John Struggles in 1953 and is headquartered in Chicago, IL.

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