Hill International Inc. (HIL) Major Shareholder Irvin E. Richter Sells 6,757 Shares of Stock
Hill International Inc. (NYSE:HIL) major shareholder Irvin E. Richter sold 6,757 shares of Hill International stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $4.50, for a total transaction of $30,406.50. Following the sale, the insider now owns 4,740,905 shares of the company’s stock, valued at $21,334,072.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Hill International Inc. (NYSE:HIL) opened at 4.46 on Thursday. Hill International Inc. has a one year low of $2.62 and a one year high of $4.68. The stock has a 50 day moving average of $4.44 and a 200-day moving average of $4.17. The company has a market capitalization of $230.80 million, a price-to-earnings ratio of 47.96 and a beta of 1.00.
Hill International (NYSE:HIL) last released its earnings results on Wednesday, August 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.06. The firm earned $175.60 million during the quarter, compared to analysts’ expectations of $174.50 million. Hill International had a return on equity of 8.00% and a net margin of 0.66%. The company’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 earnings per share. On average, equities analysts expect that Hill International Inc. will post $0.27 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in HIL. Menta Capital LLC raised its stake in Hill International by 5.5% in the second quarter. Menta Capital LLC now owns 109,446 shares of the company’s stock valued at $445,000 after buying an additional 5,724 shares in the last quarter. State Street Corp raised its stake in shares of Hill International by 3.6% in the second quarter. State Street Corp now owns 396,115 shares of the company’s stock worth $1,612,000 after buying an additional 13,621 shares during the period. AXA raised its stake in shares of Hill International by 17.3% in the second quarter. AXA now owns 91,370 shares of the company’s stock worth $372,000 after buying an additional 13,445 shares during the period. BlackRock Investment Management LLC raised its stake in shares of Hill International by 1.6% in the second quarter. BlackRock Investment Management LLC now owns 146,642 shares of the company’s stock worth $597,000 after buying an additional 2,239 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Hill International by 3.0% in the second quarter. Vanguard Group Inc. now owns 1,231,727 shares of the company’s stock worth $5,014,000 after buying an additional 35,297 shares during the period. 48.90% of the stock is owned by institutional investors.
Separately, Zacks Investment Research upgraded shares of Hill International from a “sell” rating to a “hold” rating in a research report on Monday, July 18th.
Hill International Company Profile
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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