RMR Capital Management LLC Trims Holdings in HireQuest, Inc. (NASDAQ:HQI)

RMR Capital Management LLC cut its holdings in HireQuest, Inc. (NASDAQ:HQI) by 15.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 63,886 shares of the company’s stock after selling 11,444 shares during the period. RMR Capital Management LLC’s holdings in HireQuest were worth $905,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in HQI. Concurrent Investment Advisors LLC acquired a new stake in HireQuest during the third quarter valued at approximately $147,000. Bank of New York Mellon Corp raised its position in HireQuest by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 90,113 shares of the company’s stock valued at $1,113,000 after acquiring an additional 772 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of HireQuest by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 267,461 shares of the company’s stock valued at $3,464,000 after acquiring an additional 2,490 shares in the last quarter. 12.00% of the stock is owned by institutional investors and hedge funds.

HireQuest Stock Down 0.9 %

Shares of HQI traded down $0.13 during trading hours on Tuesday, reaching $14.59. The stock had a trading volume of 1,974 shares, compared to its average volume of 13,750. The firm has a 50-day moving average of $13.97 and a 200 day moving average of $13.26. HireQuest, Inc. has a 52 week low of $11.39 and a 52 week high of $17.31. The company has a market cap of $204.26 million, a P/E ratio of 133.82 and a beta of 1.02.

Analysts Set New Price Targets

Several research firms have recently issued reports on HQI. DA Davidson restated a “buy” rating and set a $19.00 price objective on shares of HireQuest in a report on Friday, August 9th. Barrington Research lifted their price objective on HireQuest from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd.

HireQuest Profile

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.