Amalgamated Bank Sells 4,183 Shares of Robert Half International Inc. (RHI)

Amalgamated Bank cut its stake in Robert Half International Inc. (NYSE:RHI) by 16.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,656 shares of the business services provider’s stock after selling 4,183 shares during the period. Amalgamated Bank’s holdings in Robert Half International were worth $1,009,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in shares of Robert Half International by 4.2% in the fourth quarter. Van ECK Associates Corp now owns 2,308 shares of the business services provider’s stock valued at $113,000 after buying an additional 93 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in shares of Robert Half International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,819 shares of the business services provider’s stock valued at $138,000 after buying an additional 1,328 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Robert Half International during the first quarter valued at approximately $148,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Robert Half International during the first quarter valued at approximately $152,000. Finally, Daiwa Securities Group Inc. raised its stake in shares of Robert Half International by 16.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,600 shares of the business services provider’s stock valued at $176,000 after buying an additional 500 shares during the last quarter. 88.05% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Robert Half International (NYSE:RHI)

Robert Half International Inc. (NYSE:RHI) traded down 0.71% during mid-day trading on Friday, reaching $47.75. The company’s stock had a trading volume of 1,933,784 shares. Robert Half International Inc. has a one year low of $34.34 and a one year high of $50.98. The stock has a 50-day moving average price of $46.82 and a 200-day moving average price of $47.55. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 18.01 and a beta of 1.22.

Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Thursday, April 20th. The business services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.04. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. Robert Half International had a return on equity of 31.26% and a net margin of 6.47%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. Equities research analysts forecast that Robert Half International Inc. will post $2.66 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, May 25th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Tuesday, May 23rd. Robert Half International’s dividend payout ratio (DPR) is presently 36.23%.

TRADEMARK VIOLATION NOTICE: “Amalgamated Bank Sells 4,183 Shares of Robert Half International Inc. (RHI)” was originally reported by sleekmoney and is the property of of sleekmoney. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://sleekmoney.com/amalgamated-bank-sells-4183-shares-of-robert-half-international-inc-rhi/1916002.html.

Several analysts recently commented on the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Robert Half International in a report on Friday, April 21st. Zacks Investment Research raised Robert Half International from a “sell” rating to a “hold” rating in a report on Tuesday, March 21st. Finally, ValuEngine lowered Robert Half International from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $46.44.

In other news, insider Robert W. Glass sold 22,237 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $47.35, for a total transaction of $1,052,921.95. Following the sale, the insider now directly owns 326,428 shares in the company, valued at approximately $15,456,365.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.40% of the stock is owned by company insiders.

About Robert Half International

Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.

Want to see what other hedge funds are holding RHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robert Half International Inc. (NYSE:RHI).

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/amalgamated-bank-sells-4183-shares-of-robert-half-international-inc-rhi/1916002.html

Receive News & Ratings for Robert Half International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *