Rutabaga Capital Managementma Lowers stake in Hill International Inc (HIL)

Hill International Inc (HIL) : Rutabaga Capital Managementma reduced its stake in Hill International Inc by 30.53% during the most recent quarter end. The investment management company now holds a total of 1,776,938 shares of Hill International Inc which is valued at $7,463,140 after selling 780,878 shares in Hill International Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Hill International Inc makes up approximately 1.29% of Rutabaga Capital Managementma’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in HIL by selling 11,700 shares or 5.4% in the most recent quarter. The Hedge Fund company now holds 205,000 shares of HIL which is valued at $861,000.Strs Ohio reduced its stake in HIL by selling 16,400 shares or 10.68% in the most recent quarter. The Hedge Fund company now holds 137,100 shares of HIL which is valued at $592,272. Skylands Capital sold out all of its stake in HIL during the most recent quarter. The investment firm sold 364,816 shares of HIL which is valued $1,576,005. Braver Wealth Management sold out all of its stake in HIL during the most recent quarter. The investment firm sold 318,471 shares of HIL which is valued $1,429,935. Bnp Paribas Arbitrage Sa added HIL to its portfolio by purchasing 1,272 company shares during the most recent quarter which is valued at $5,648.

Hill International Inc opened for trading at $4.18 and hit $4.22 on the upside on Monday, eventually ending the session at $4.2, with a gain of 1.20% or 0.05 points. The heightened volatility saw the trading volume jump to 33,057 shares. Company has a market cap of $217 M.

On the company’s financial health, Hill International Inc reported $0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.09. The company had revenue of $175.60 million for the quarter, compared to analysts expectations of $160.37 million. The company’s revenue was down -3.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.

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. The Project Management Group provides fee-based or agency construction and project management services. The Construction Claims Group advises clients in order to assist them in preventing or resolving claims and disputes based upon schedule delays cost overruns and other problems on construction projects across the world. The Company’s clients consist primarily of the United States and other national governments state and local governments and the private sector.

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