BlueMountain Capital Management LLC Buys New Position in Heidrick & Struggles International, Inc. (HSII)

BlueMountain Capital Management LLC bought a new position in Heidrick & Struggles International, Inc. (NASDAQ:HSII) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,503 shares of the business services provider’s stock, valued at approximately $648,000. BlueMountain Capital Management LLC owned about 0.10% of Heidrick & Struggles International at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. SG Americas Securities LLC raised its stake in shares of Heidrick & Struggles International by 63.0% in the second quarter. SG Americas Securities LLC now owns 5,292 shares of the business services provider’s stock worth $185,000 after acquiring an additional 2,045 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Heidrick & Struggles International by 8.3% in the second quarter. Legal & General Group Plc now owns 37,664 shares of the business services provider’s stock worth $1,326,000 after acquiring an additional 2,898 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Heidrick & Struggles International by 18.8% in the second quarter. First Trust Advisors LP now owns 21,445 shares of the business services provider’s stock worth $751,000 after acquiring an additional 3,401 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Heidrick & Struggles International by 2.4% in the first quarter. Principal Financial Group Inc. now owns 143,985 shares of the business services provider’s stock worth $4,500,000 after acquiring an additional 3,417 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new position in shares of Heidrick & Struggles International in the first quarter worth about $125,000. 89.75% of the stock is owned by institutional investors.

HSII opened at $36.45 on Tuesday. The company has a market cap of $728.96 million, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 1.42 and a beta of 1.70. Heidrick & Struggles International, Inc. has a fifty-two week low of $18.55 and a fifty-two week high of $45.28.

Heidrick & Struggles International (NASDAQ:HSII) last posted its quarterly earnings results on Monday, July 30th. The business services provider reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.14. The business had revenue of $183.06 million during the quarter, compared to the consensus estimate of $164.31 million. Heidrick & Struggles International had a negative net margin of 1.36% and a positive return on equity of 13.98%. analysts predict that Heidrick & Struggles International, Inc. will post 2.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Friday, August 10th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Thursday, August 9th. Heidrick & Struggles International’s dividend payout ratio (DPR) is 47.71%.

A number of brokerages have weighed in on HSII. BidaskClub downgraded shares of Heidrick & Struggles International from a “sell” rating to a “strong sell” rating in a research note on Monday. Barrington Research reaffirmed a “buy” rating on shares of Heidrick & Struggles International in a research note on Monday, July 23rd. Zacks Investment Research downgraded shares of Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. ValuEngine downgraded shares of Heidrick & Struggles International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 20th. Finally, Credit Suisse Group began coverage on shares of Heidrick & Struggles International in a research note on Friday, August 10th. They issued a “neutral” rating and a $40.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $41.75.

Heidrick & Struggles International Profile

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, culture shaping, and leadership consulting services on a retained basis to businesses and business leaders in the Americas, Europe, the Asia Pacific, and internationally. The company enables its clients to build leadership teams by facilitating the recruitment, management, and deployment of senior executives.

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Institutional Ownership by Quarter for Heidrick & Struggles International (NASDAQ:HSII)

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