HireQuest (NASDAQ:HQI) Shares Down 1.3% – Time to Sell?

by · The Markets Daily

HireQuest, Inc. (NASDAQ:HQI – Get Free Report) shares traded down 1.3% during trading on Monday . The company traded as low as $14.31 and last traded at $14.66. 19,177 shares traded hands during trading, an increase of 32% from the average session volume of 14,478 shares. The stock had previously closed at $14.86.

Analyst Upgrades and Downgrades

Separately, Barrington Research boosted their price target on shares of HireQuest from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, November 15th.

Read Our Latest Report on HireQuest

HireQuest Price Performance

The firm has a market cap of $209.44 million, a P/E ratio of 135.73 and a beta of 1.04. The stock’s 50 day moving average is $14.23 and its two-hundred day moving average is $13.58.

HireQuest Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Monday, December 2nd. HireQuest’s dividend payout ratio is 218.18%.

Hedge Funds Weigh In On HireQuest

Several institutional investors have recently added to or reduced their stakes in HQI. Barclays PLC boosted its stake in HireQuest by 288.2% in the third quarter. Barclays PLC now owns 7,837 shares of the company’s stock worth $110,000 after purchasing an additional 5,818 shares in the last quarter. Geode Capital Management LLC lifted its position in HireQuest by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 131,394 shares of the company’s stock worth $1,861,000 after buying an additional 5,007 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in HireQuest by 16.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,229 shares of the company’s stock worth $230,000 after acquiring an additional 2,256 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in HireQuest in the 3rd quarter valued at about $147,000. Finally, Bank of New York Mellon Corp lifted its position in shares of HireQuest by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 90,113 shares of the company’s stock worth $1,113,000 after purchasing an additional 772 shares in the last quarter. 12.00% of the stock is owned by institutional investors.

About HireQuest

(Get Free Report)

HireQuest, Inc provides temporary staffing services in the United States. It offers staffing services, including direct-dispatch, executive search, consultant, unskilled and semi-skilled industrial and construction personnel, clerical and administrative personnel, and permanent placement services, as well as commercial and non-CDL drivers, and skilled personnel in the medical and dental industries.

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