Hill International Inc. (NYSE:HIL) major shareholder Irvin E. Richter sold 2,901 shares of the company’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 transaction, the insider now directly owns 4,740,905 shares of the company’s stock, valued at approximately $21,428,890.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Shares of Hill International Inc. (NYSE:HIL) opened at 4.40 on Monday. The company has a 50-day moving average price of $4.44 and a 200 day moving average price of $4.18. The company has a market capitalization of $227.69 million, a PE ratio of 47.31 and a beta of 0.99. Hill International Inc. has a one year low of $2.62 and a one year high of $4.68.
Hill International (NYSE:HIL) last issued its quarterly 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. The business had revenue of $175.60 million for the quarter, compared to the consensus estimate of $174.50 million. Hill International had a net margin of 0.66% and a return on equity of 8.00%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. Equities analysts anticipate that Hill International Inc. will post $0.27 EPS for the current year.
Separately, Zacks Investment Research cut Hill International from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th.
Several hedge funds have recently modified their holdings of HIL. Algert Global LLC increased its stake 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 during the period. Menta Capital LLC increased its stake 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 during the period. State Street Corp increased its stake 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 worth $1,289,000 after buying an additional 46,078 shares during the period. AXA acquired a new stake in shares of Hill International during the first quarter worth about $263,000. Finally, Springbok Capital Management LLC increased its stake 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 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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