Prudential Financial Inc. Acquires 7,950 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Prudential Financial Inc. grew its stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 32.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,599 shares of the business services provider’s stock after buying an additional 7,950 shares during the period. Prudential Financial Inc.’s holdings in Heidrick & Struggles International were worth $1,444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 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 stake in shares of Heidrick & Struggles International by 1.3% in the third 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 period. Centiva Capital LP purchased a new stake in shares of Heidrick & Struggles International during the third quarter worth about $416,000. HighTower Advisors LLC bought a new stake in Heidrick & Struggles International during the 3rd quarter valued at approximately $212,000. Finally, Wellington Management Group LLP lifted its holdings in Heidrick & Struggles International by 3.0% in the 3rd quarter. Wellington Management Group LLP now owns 431,856 shares of the business services provider’s stock worth $16,782,000 after purchasing an additional 12,640 shares in the last quarter. 90.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Heidrick & Struggles International

In related news, CEO Thomas L. Monahan acquired 5,000 shares of the stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $45.55 per share, with a total value of $227,750.00. Following the transaction, the chief executive officer now directly owns 144,834 shares in the company, valued at approximately $6,597,188.70. This represents a 3.58 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research raised their price objective on Heidrick & Struggles International from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th.

Heidrick & Struggles International Stock Down 0.9 %

HSII stock opened at $40.87 on Friday. Heidrick & Struggles International, Inc. has a twelve month low of $29.03 and a twelve month high of $49.02. The stock has a market capitalization of $834.16 million, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 0.91 and a beta of 0.86. The firm’s fifty day simple moving average is $43.84 and its two-hundred day simple moving average is $43.15.

Heidrick & Struggles International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, March 13th. Heidrick & Struggles International’s payout ratio is currently 150.00%.

Heidrick & Struggles International Company 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.