Hill International Inc (NYSE:HIL) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 381,600 shares, a decline of 16.0% from the May 30th total of 454,500 shares. Based on an average daily volume of 128,200 shares, the short-interest ratio is presently 3.0 days. Currently, 0.8% of the company’s shares are sold short.
Shares of Hill International stock remained flat at $$2.52 on Friday. 43,368 shares of the stock were exchanged, compared to its average volume of 89,354. The business’s 50-day simple moving average is $2.68. Hill International has a twelve month low of $2.11 and a twelve month high of $4.40. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.69.
Hill International (NYSE:HIL) last released its quarterly earnings results on Wednesday, May 8th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $98.68 million during the quarter. Hill International had a negative net margin of 6.15% and a negative return on equity of 25.57%.
In related news, Director James M. Chadwick purchased 15,870 shares of Hill International stock in a transaction dated Friday, June 21st. The shares were acquired at an average cost of $2.80 per share, with a total value of $44,436.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James M. Chadwick purchased 137,163 shares of Hill International stock in a transaction dated Tuesday, May 14th. The stock was bought at an average cost of $2.24 per share, for a total transaction of $307,245.12. The disclosure for this purchase can be found here. Insiders have acquired 898,879 shares of company stock worth $2,246,105 over the last ninety days. 13.08% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Tibra Equities Europe Ltd acquired a new position in shares of Hill International in the first quarter valued at approximately $349,000. Adirondack Research & Management Inc. acquired a new position in shares of Hill International in the first quarter valued at approximately $775,000. Kokino LLC grew its holdings in shares of Hill International by 2.1% in the first quarter. Kokino LLC now owns 283,015 shares of the business services provider’s stock valued at $826,000 after purchasing an additional 5,832 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Hill International in the fourth quarter valued at approximately $5,816,000. Finally, Parallel Advisors LLC acquired a new position in shares of Hill International in the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 52.51% of the company’s stock.
Separately, ValuEngine downgraded shares of Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th.
About Hill International
Hill International, Inc provides project and construction management, and other consulting services primarily for the buildings, transportation, environmental, energy, and industrial markets. The company offers program management, project management, construction management, project management oversight, troubled project turnaround, staff augmentation, project labor agreement consulting, commissioning, estimating and cost management, and labor compliance and facilities management services.
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