Hill International Inc. (NYSE:HIL) major shareholder Irvin E. Richter sold 17,725 shares of the stock in a transaction dated Tuesday, October 11th. The stock was sold at an average price of $4.41, for a total transaction of $78,167.25. Following the transaction, the insider now directly owns 4,730,031 shares in the company, valued at approximately $20,859,436.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Hill International Inc. (NYSE:HIL) opened at 4.34 on Wednesday. The firm has a market cap of $224.59 million, a price-to-earnings ratio of 46.67 and a beta of 1.00. Hill International Inc. has a 1-year low of $2.62 and a 1-year high of $4.68. The company’s 50-day moving average is $4.44 and its 200 day moving average is $4.20.
Hill International (NYSE:HIL) last announced its earnings results on Wednesday, August 3rd. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.09 by $0.06. The firm earned $175.60 million during the quarter, compared to the consensus estimate of $174.50 million. Hill International had a return on equity of 8.00% and a net margin of 0.66%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 EPS. On average, equities research analysts expect that Hill International Inc. will post $0.27 EPS for the current fiscal year.
Separately, Zacks Investment Research lowered shares of Hill International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th.
A number of hedge funds and other institutional investors have recently made changes to their positions in HIL. Menta Capital LLC increased its position in shares of Hill International by 45.1% in the first quarter. Menta Capital LLC now owns 103,722 shares of the company’s stock valued at $350,000 after buying an additional 32,251 shares during the period. State Street Corp increased its position in shares of Hill International by 13.7% in the first quarter. State Street Corp now owns 382,494 shares of the company’s stock valued at $1,289,000 after buying an additional 46,078 shares during the period. AXA purchased a new position in shares of Hill International during the first quarter valued at approximately $263,000. Springbok Capital Management LLC increased its position in shares of Hill International by 37.6% in the first quarter. Springbok Capital Management LLC now owns 102,800 shares of the company’s stock valued at $346,000 after buying an additional 28,100 shares during the period. Finally, Thomson Horstmann & Bryant Inc. increased its position in shares of Hill International by 81.0% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 1,899,105 shares of the company’s stock valued at $7,729,000 after buying an additional 849,610 shares during the period. Hedge funds and other institutional investors own 48.90% of the company’s stock.
About Hill International
Hill International, Inc (Hill) is a professional services firm. The Company provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. The Company operates in two segments: Project Management Group and Construction Claims Group.
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