Kennondale Capital Management LLC Takes Position in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Kennondale Capital Management LLC purchased a new stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) during the fourth quarter, Holdings Channel reports. The fund purchased 20,338 shares of the business services provider’s stock, valued at approximately $901,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quest Partners LLC bought a new position in shares of Heidrick & Struggles International during the 3rd quarter valued at $30,000. Quantbot Technologies LP bought a new position in Heidrick & Struggles International in the 3rd quarter worth $33,000. Orion Portfolio Solutions LLC bought a new position in Heidrick & Struggles International in the 3rd quarter worth $207,000. HighTower Advisors LLC acquired a new position in Heidrick & Struggles International during the 3rd quarter worth $212,000. Finally, Intech Investment Management LLC acquired a new position in Heidrick & Struggles International during the 3rd quarter worth $261,000. Institutional investors own 90.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HSII. Truist Financial reissued a “hold” rating and set a $42.00 target price (up previously from $40.00) on shares of Heidrick & Struggles International in a research report on Wednesday, December 4th. Barrington Research boosted their target price on shares of Heidrick & Struggles International from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th.

Heidrick & Struggles International Price Performance

Heidrick & Struggles International stock opened at $42.65 on Tuesday. The firm has a market cap of $870.49 million, a price-to-earnings ratio of 23.05, a P/E/G ratio of 0.91 and a beta of 0.80. Heidrick & Struggles International, Inc. has a fifty-two week low of $29.03 and a fifty-two week high of $49.02. The firm has a fifty day moving average price of $44.48 and a two-hundred day moving average price of $42.62.

Heidrick & Struggles International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given 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 is Thursday, March 13th. Heidrick & Struggles International’s dividend payout ratio is currently 150.00%.

Insider Activity

In related news, CEO Thomas L. Monahan acquired 5,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $45.55 per share, with a total value 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 represents a 3.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.30% of the stock is owned by company 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.