Summit Global Investments Buys 1,083 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Summit Global Investments boosted its stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,313 shares of the business services provider’s stock after acquiring an additional 1,083 shares during the quarter. Summit Global Investments owned approximately 0.08% of Heidrick & Struggles International worth $767,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings in Heidrick & Struggles International by 1.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,170 shares of the business services provider’s stock worth $1,328,000 after acquiring an additional 427 shares during the last quarter. Swiss National Bank boosted its stake in shares of Heidrick & Struggles International by 1.3% in the 4th quarter. Swiss National Bank now owns 40,000 shares of the business services provider’s stock valued at $1,772,000 after purchasing an additional 500 shares during the last quarter. Quest Partners LLC bought a new position in shares of Heidrick & Struggles International in the 3rd quarter valued at about $30,000. Quantbot Technologies LP bought a new position in shares of Heidrick & Struggles International in the 3rd quarter valued at about $33,000. Finally, Dynamic Technology Lab Private Ltd boosted its stake in shares of Heidrick & Struggles International by 5.9% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 17,196 shares of the business services provider’s stock valued at $668,000 after purchasing an additional 964 shares during the last quarter. Institutional investors own 90.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on HSII shares. Truist Financial reaffirmed a “hold” rating and issued a $42.00 target price (up previously from $40.00) on shares of Heidrick & Struggles International in a research note on Wednesday, December 4th. Barrington Research raised their target price on shares of Heidrick & Struggles International from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th.

Heidrick & Struggles International Price Performance

Shares of NASDAQ:HSII opened at $42.33 on Monday. The company has a market capitalization of $863.96 million, a price-to-earnings ratio of 22.88, a P/E/G ratio of 0.91 and a beta of 0.80. The firm’s 50 day simple moving average is $44.38 and its 200 day simple moving average is $42.75. Heidrick & Struggles International, Inc. has a fifty-two week low of $29.03 and a fifty-two week high of $49.02.

Heidrick & Struggles International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.15 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.42%. Heidrick & Struggles International’s dividend payout ratio is 150.00%.

Insider Activity at Heidrick & Struggles International

In other news, CEO Thomas L. Monahan purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $45.55 per share, for a total transaction of $227,750.00. Following the transaction, the chief executive officer now directly owns 144,834 shares of the company’s stock, valued at approximately $6,597,188.70. The trade was a 3.58 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.30% of the stock is currently owned by corporate insiders.

About Heidrick & Struggles International

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. It operates under the following segments: Americas, Europe, Asia Pacific, Heidrick Consulting, and On Demand Talent Business.