HireQuest, Inc. (NASDAQ:HQI) Director Buys $24,580.00 in Stock

HireQuest, Inc. (NASDAQ:HQI) Director R. Rimmy Malhotra purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were purchased at an average price of $12.29 per share, for a total transaction of $24,580.00. Following the completion of the acquisition, the director now directly owns 79,012 shares in the company, valued at approximately $971,057.48. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

HireQuest Price Performance

Shares of HQI stock opened at $12.35 on Friday. The company has a market capitalization of $172.90 million, a P/E ratio of 32.50 and a beta of 1.02. The company’s 50-day simple moving average is $12.63 and its two-hundred day simple moving average is $13.26. HireQuest, Inc. has a one year low of $11.40 and a one year high of $26.53.

HireQuest (NASDAQ:HQI) last issued its earnings results on Thursday, May 9th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The company had revenue of $8.42 million during the quarter, compared to the consensus estimate of $8.89 million. HireQuest had a return on equity of 9.23% and a net margin of 14.06%. On average, research analysts expect that HireQuest, Inc. will post 0.54 EPS for the current fiscal year.

HireQuest Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 1.94%. HireQuest’s dividend payout ratio is currently 63.16%.

Hedge Funds Weigh In On HireQuest

A hedge fund recently bought a new stake in HireQuest stock. US Bancorp DE acquired a new stake in shares of HireQuest, Inc. (NASDAQ:HQI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 133,333 shares of the company’s stock, valued at approximately $2,047,000. US Bancorp DE owned approximately 0.96% of HireQuest as of its most recent filing with the Securities & Exchange Commission. 12.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HQI has been the topic of several analyst reports. DA Davidson cut their price target on shares of HireQuest from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Barrington Research reiterated an “outperform” rating and set a $16.00 price target on shares of HireQuest in a report on Tuesday, May 28th.

HireQuest Company 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.