New York State Common Retirement Fund Invests $83,000 in HireQuest, Inc. (NASDAQ:HQI)

New York State Common Retirement Fund acquired a new position in HireQuest, Inc. (NASDAQ:HQI) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 4,500 shares of the company’s stock, valued at approximately $83,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of HQI. Bandera Partners LLC bought a new stake in HireQuest during the 1st quarter valued at approximately $4,344,000. Millennium Management LLC bought a new stake in HireQuest during the 1st quarter valued at approximately $224,000. O Shaughnessy Asset Management LLC bought a new stake in HireQuest during the 1st quarter valued at approximately $47,000. Geode Capital Management LLC raised its stake in HireQuest by 36.5% during the 1st quarter. Geode Capital Management LLC now owns 27,693 shares of the company’s stock valued at $477,000 after purchasing an additional 7,403 shares during the period. Finally, BlackRock Inc. raised its stake in HireQuest by 139.0% during the 1st quarter. BlackRock Inc. now owns 13,020 shares of the company’s stock valued at $224,000 after purchasing an additional 7,573 shares during the period. 8.98% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:HQI opened at $18.90 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.09 and a quick ratio of 2.09. HireQuest, Inc. has a 1 year low of $6.74 and a 1 year high of $22.90. The stock’s 50 day simple moving average is $19.33 and its two-hundred day simple moving average is $18.83. The company has a market cap of $257.80 million, a price-to-earnings ratio of 26.25 and a beta of 1.06.

HireQuest (NASDAQ:HQI) last released its quarterly earnings data on Monday, August 9th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. HireQuest had a return on equity of 19.01% and a net margin of 61.57%. The business had revenue of $5.71 million for the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Wednesday, September 1st were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Tuesday, August 31st.

Separately, TheStreet raised HireQuest from a “c” rating to a “b-” rating in a research note on Friday, August 13th.

HireQuest Profile

HireQuest, Inc engages in the provision of staffing services. It offers temporary, permanent, and direct-hire recruiting and staffing services of entry-level and clerical or admin employees, construction and light industrial workers, semi-skilled trades, healthcare personnel, and professionals and executives.

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Institutional Ownership by Quarter for HireQuest (NASDAQ:HQI)

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