Irvin E. Richter Sells 2,901 Shares of Hill International Inc. (HIL) Stock
Hill International Inc. (NYSE:HIL) major shareholder Irvin E. Richter sold 2,901 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $4.52, for a total value of $13,112.52. Following the completion of the sale, the insider now directly owns 4,740,905 shares in the company, valued at $21,428,890.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large 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 4.43 on Friday. Hill International Inc. has a 1-year low of $2.62 and a 1-year high of $4.68. The firm’s 50-day moving average price is $4.44 and its 200 day moving average price is $4.17. The stock has a market capitalization of $229.24 million, a P/E ratio of 47.63 and a beta of 1.00.
Hill International (NYSE:HIL) last issued its earnings results on Wednesday, August 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.06. Hill International had a return on equity of 8.00% and a net margin of 0.66%. The business earned $175.60 million during the quarter, compared to the consensus estimate of $174.50 million. During the same period in the prior year, the business earned $0.09 EPS. The business’s revenue was down 3.3% on a year-over-year basis. Analysts expect that Hill International Inc. will post $0.27 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of the company. AXA acquired a new position in shares of Hill International during the first quarter worth about $263,000. Springbok Capital Management LLC boosted 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 worth $346,000 after buying an additional 28,100 shares in the last quarter. Menta Capital LLC boosted 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 worth $350,000 after buying an additional 32,251 shares in the last quarter. BlackRock Investment Management LLC boosted its position 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 in the last quarter. Finally, Algert Global LLC boosted its position in shares of Hill International by 11.2% in the first quarter. Algert Global LLC now owns 327,746 shares of the company’s stock worth $1,105,000 after buying an additional 33,026 shares in the last quarter. 48.90% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded Hill International from a “hold” rating to a “sell” rating in a research report on Wednesday.
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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