HireQuest (NASDAQ:HQI) Earns “Outperform” Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of HireQuest (NASDAQ:HQIFree Report) in a report released on Tuesday, Benzinga reports. Barrington Research currently has a $16.00 price objective on the stock.

Separately, DA Davidson lowered their price objective on HireQuest from $25.00 to $23.00 and set a buy rating for the company in a research report on Friday, March 22nd.

Get Our Latest Research Report on HireQuest

HireQuest Stock Up 2.2 %

NASDAQ:HQI opened at $12.94 on Tuesday. The stock’s 50-day simple moving average is $12.73 and its 200 day simple moving average is $13.59. The firm has a market capitalization of $181.16 million, a PE ratio of 34.05 and a beta of 1.03. HireQuest has a twelve month low of $11.40 and a twelve month high of $29.38.

HireQuest (NASDAQ:HQIGet Free Report) last announced its quarterly earnings results on Thursday, March 21st. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.13. HireQuest had a return on equity of 9.23% and a net margin of 14.06%. The firm had revenue of $9.76 million for the quarter, compared to analyst estimates of $8.42 million. On average, analysts anticipate that HireQuest will post 0.54 EPS for the current fiscal year.

HireQuest Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $0.06 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.24 annualized dividend and a yield of 1.85%. HireQuest’s dividend payout ratio is currently 63.16%.

Insiders Place Their Bets

In other news, CEO Richard Hermanns purchased 2,700 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was bought at an average price of $12.64 per share, for a total transaction of $34,128.00. Following the purchase, the chief executive officer now owns 3,056,792 shares of the company’s stock, valued at $38,637,850.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 45.80% of the company’s stock.

Institutional Trading of HireQuest

A hedge fund recently raised its stake in HireQuest stock. Vanguard Group Inc. raised its holdings in HireQuest, Inc. (NASDAQ:HQIFree Report) by 0.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 267,461 shares of the company’s stock after acquiring an additional 2,490 shares during the period. Vanguard Group Inc. owned approximately 1.91% of HireQuest worth $3,464,000 at the end of the most recent reporting period. 12.00% of the stock is owned by institutional investors and hedge funds.

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.

See Also

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