Redwood Grove Capital LLC Acquires Shares of 19,200 Huron Consulting Group Inc. $HURN

Redwood Grove Capital LLC acquired a new stake in Huron Consulting Group Inc. (NASDAQ:HURN) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 19,200 shares of the business services provider’s stock, valued at approximately $1,731,000. Huron Consulting Group makes up 0.4% of Redwood Grove Capital LLC’s holdings, making the stock its 25th biggest holding.

Several other large investors have also made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Huron Consulting Group during the 2nd quarter valued at approximately $125,191,000. Boston Partners increased its holdings in Huron Consulting Group by 17.0% in the 3rd quarter. Boston Partners now owns 888,045 shares of the business services provider’s stock worth $130,803,000 after acquiring an additional 129,073 shares in the last quarter. Morgan Stanley raised its position in Huron Consulting Group by 11.4% during the fourth quarter. Morgan Stanley now owns 779,120 shares of the business services provider’s stock worth $134,718,000 after acquiring an additional 79,757 shares during the period. Jennison Associates LLC lifted its holdings in Huron Consulting Group by 13.6% during the first quarter. Jennison Associates LLC now owns 667,887 shares of the business services provider’s stock valued at $85,149,000 after purchasing an additional 80,132 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Huron Consulting Group by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 641,714 shares of the business services provider’s stock valued at $81,811,000 after purchasing an additional 12,528 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Huron Consulting Group

In related news, insider Kyle Featherstone sold 459 shares of Huron Consulting Group stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $152.67, for a total transaction of $70,075.53. Following the transaction, the insider owned 1,050 shares in the company, valued at approximately $160,303.50. This trade represents a 30.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO C. Mark Hussey sold 24,072 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $165.59, for a total value of $3,986,082.48. Following the transaction, the chief executive officer directly owned 74,399 shares in the company, valued at $12,319,730.41. This trade represents a 24.45% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.07% of the company’s stock.

Huron Consulting Group Stock Performance

NASDAQ:HURN opened at $159.20 on Wednesday. The company has a market cap of $2.53 billion, a P/E ratio of 23.83 and a beta of 0.06. Huron Consulting Group Inc. has a twelve month low of $84.88 and a twelve month high of $186.77. The company’s 50-day moving average price is $124.46 and its 200-day moving average price is $124.63. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.11.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.29. The company had revenue of $475.04 million during the quarter, compared to analysts’ expectations of $448.98 million. Huron Consulting Group had a net margin of 6.38% and a return on equity of 32.33%. Huron Consulting Group’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.89 EPS. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. On average, sell-side analysts forecast that Huron Consulting Group Inc. will post 9.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on HURN. Barrington Research reissued an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, June 17th. Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Huron Consulting Group in a report on Friday, August 7th. Truist Financial cut their price objective on Huron Consulting Group to $155.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Finally, Zacks Research upgraded Huron Consulting Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Huron Consulting Group currently has a consensus rating of “Buy” and a consensus price target of $184.25.

About Huron Consulting Group

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.