Congress Wealth Management LLC DE Sells 5,350 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Congress Wealth Management LLC DE lowered its stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 50.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,350 shares of the business services provider’s stock after selling 5,350 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Heidrick & Struggles International were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Quest Partners LLC bought a new stake in Heidrick & Struggles International during the 3rd quarter worth approximately $30,000. Intech Investment Management LLC bought a new stake in shares of Heidrick & Struggles International during the 3rd quarter valued at $261,000. Quantbot Technologies LP purchased a new position in shares of Heidrick & Struggles International during the 3rd quarter valued at $33,000. BNP Paribas Financial Markets boosted its holdings in Heidrick & Struggles International by 1.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 34,170 shares of the business services provider’s stock worth $1,328,000 after buying an additional 427 shares during the period. Finally, Martingale Asset Management L P increased its stake in Heidrick & Struggles International by 90.8% in the 3rd quarter. Martingale Asset Management L P now owns 55,745 shares of the business services provider’s stock worth $2,166,000 after buying an additional 26,529 shares in the last quarter. 90.13% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Heidrick & Struggles International news, CEO Thomas L. Monahan purchased 5,000 shares of Heidrick & Struggles International stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $45.55 per share, for a total transaction of $227,750.00. Following the completion of the transaction, the chief executive officer now owns 144,834 shares of the company’s stock, valued at approximately $6,597,188.70. This trade represents a 3.58 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HSII. 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 upped their price target on 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 1.4 %

HSII opened at $43.48 on Friday. The company has a market capitalization of $887.43 million, a PE ratio of 23.50, a price-to-earnings-growth ratio of 0.91 and a beta of 0.80. The firm has a 50-day simple moving average of $44.21 and a two-hundred day simple moving average of $42.97. Heidrick & Struggles International, Inc. has a 52 week low of $29.03 and a 52 week high of $49.02.

Heidrick & Struggles International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, March 13th. Heidrick & Struggles International’s dividend payout ratio is presently 150.00%.

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.