Sandy Spring Bank Sells 1,175 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Sandy Spring Bank trimmed its stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 31.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,555 shares of the business services provider’s stock after selling 1,175 shares during the quarter. Sandy Spring Bank’s holdings in Heidrick & Struggles International were worth $113,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Allianz Asset Management GmbH lifted its position in shares of Heidrick & Struggles International by 39.2% in the fourth quarter. Allianz Asset Management GmbH now owns 599,411 shares of the business services provider’s stock valued at $26,560,000 after buying an additional 168,912 shares during the last quarter. Systematic Financial Management LP lifted its position in shares of Heidrick & Struggles International by 8.4% in the third quarter. Systematic Financial Management LP now owns 554,298 shares of the business services provider’s stock valued at $21,540,000 after buying an additional 43,087 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Heidrick & Struggles International by 16.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 224,777 shares of the business services provider’s stock valued at $8,735,000 after buying an additional 30,998 shares during the last quarter. Barclays PLC lifted its position in shares of Heidrick & Struggles International by 280.9% in the third quarter. Barclays PLC now owns 37,476 shares of the business services provider’s stock valued at $1,456,000 after buying an additional 27,637 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in Heidrick & Struggles International by 88.6% during the 4th quarter. Royce & Associates LP now owns 58,054 shares of the business services provider’s stock worth $2,572,000 after purchasing an additional 27,279 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HSII has been the subject of several research reports. Truist Financial reissued a “hold” rating and set a $42.00 price target (up from $40.00) on shares of Heidrick & Struggles International in a report on Wednesday, December 4th. Barrington Research lifted their price target on Heidrick & Struggles International from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th.

Heidrick & Struggles International Price Performance

Shares of NASDAQ HSII opened at $42.33 on Friday. The stock has a market capitalization of $863.96 million, a PE ratio of 22.88, a P/E/G ratio of 0.91 and a beta of 0.80. The business has a fifty day moving average price of $44.38 and a two-hundred day moving average price of $42.68. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.60 annualized dividend and a yield of 1.42%. Heidrick & Struggles International’s dividend payout ratio is presently 150.00%.

Insider Buying and Selling at Heidrick & Struggles International

In related news, CEO Thomas L. Monahan acquired 5,000 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $45.55 per share, with a total value of $227,750.00. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

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.