Kennondale Capital Management LLC Acquires New Stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Kennondale Capital Management LLC acquired a new stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 20,338 shares of the business services provider’s stock, valued at approximately $901,000. Kennondale Capital Management LLC owned 0.10% of Heidrick & Struggles International at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HSII. Principal Financial Group Inc. grew its position in Heidrick & Struggles International by 8.6% in the third quarter. Principal Financial Group Inc. now owns 108,485 shares of the business services provider’s stock worth $4,216,000 after buying an additional 8,617 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Heidrick & Struggles International by 218.3% in the 3rd quarter. Victory Capital Management Inc. now owns 18,159 shares of the business services provider’s stock worth $706,000 after purchasing an additional 12,454 shares during the period. Royce & Associates LP boosted its stake in Heidrick & Struggles International by 34.2% in the 3rd quarter. Royce & Associates LP now owns 30,775 shares of the business services provider’s stock worth $1,196,000 after purchasing an additional 7,851 shares during the period. Quest Partners LLC acquired a new position in Heidrick & Struggles International in the 3rd quarter worth approximately $30,000. Finally, Banque Cantonale Vaudoise boosted its stake in Heidrick & Struggles International by 132.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 7,108 shares of the business services provider’s stock worth $276,000 after purchasing an additional 4,044 shares during the period. Institutional investors and hedge funds own 90.13% of the company’s stock.

Analyst Ratings Changes

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

Heidrick & Struggles International Stock Down 0.2 %

Shares of NASDAQ:HSII opened at $42.65 on Tuesday. The firm has a fifty day moving average of $44.48 and a two-hundred day moving average of $42.62. The firm has a market capitalization of $870.49 million, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 0.91 and a beta of 0.80. Heidrick & Struggles International, Inc. has a 12-month low of $29.03 and a 12-month high of $49.02.

Heidrick & Struggles International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, March 13th. Heidrick & Struggles International’s dividend payout ratio (DPR) is currently 150.00%.

Insider Buying and Selling at Heidrick & Struggles International

In related news, CEO Thomas L. Monahan bought 5,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $45.55 per share, with a total value of $227,750.00. Following the purchase, the chief executive officer now directly owns 144,834 shares of the company’s stock, valued at approximately $6,597,188.70. This represents a 3.58 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

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