Edward Jackson Buys 4,600 Shares of HireQuest, Inc. (NASDAQ:HQI) Stock

HireQuest, Inc. (NASDAQ:HQIGet Rating) Director Edward Jackson purchased 4,600 shares of the company’s stock in a transaction dated Tuesday, June 14th. The stock was purchased at an average price of $13.69 per share, for a total transaction of $62,974.00. Following the transaction, the director now directly owns 2,591,203 shares in the company, valued at approximately $35,473,569.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

HireQuest stock opened at $12.18 on Friday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.08. HireQuest, Inc. has a 12-month low of $11.80 and a 12-month high of $25.69. The firm’s fifty day moving average is $15.83 and its 200 day moving average is $17.83. The company has a market capitalization of $167.96 million, a PE ratio of 19.33 and a beta of 0.87.

HireQuest (NASDAQ:HQIGet Rating) last released its earnings results on Tuesday, May 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11). HireQuest had a net margin of 31.67% and a return on equity of 25.92%. During the same quarter last year, the company posted $0.09 EPS. Sell-side analysts expect that HireQuest, Inc. will post 0.86 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, May 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.97%. HireQuest’s payout ratio is presently 38.10%.

A number of research analysts have recently issued reports on the stock. Barrington Research assumed coverage on shares of HireQuest in a research report on Friday, March 4th. They issued an “outperform” rating and a $29.00 price target on the stock. TheStreet downgraded shares of HireQuest from a “b-” rating to a “c” rating in a research report on Wednesday, June 1st.

A number of hedge funds have recently made changes to their positions in the business. Citigroup Inc. increased its stake in HireQuest by 122.8% during the 4th quarter. Citigroup Inc. now owns 1,290 shares of the company’s stock valued at $26,000 after purchasing an additional 711 shares in the last quarter. Lazard Asset Management LLC increased its stake in HireQuest by 56.8% during the 4th quarter. Lazard Asset Management LLC now owns 2,395 shares of the company’s stock valued at $48,000 after purchasing an additional 868 shares in the last quarter. Geode Capital Management LLC increased its stake in HireQuest by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 75,361 shares of the company’s stock valued at $1,456,000 after purchasing an additional 1,398 shares in the last quarter. State Street Corp increased its stake in HireQuest by 3.2% during the 4th quarter. State Street Corp now owns 63,408 shares of the company’s stock valued at $1,278,000 after purchasing an additional 1,957 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in HireQuest by 260.0% during the 4th quarter. Bank of America Corp DE now owns 3,564 shares of the company’s stock valued at $72,000 after purchasing an additional 2,574 shares in the last quarter. Institutional investors and hedge funds own 9.32% of the company’s stock.

HireQuest Company Profile (Get Rating)

HireQuest, Inc provides temporary staffing solutions in the United States. The company provides temporary staffing services, including skilled and semi-skilled labor and industrial personnel, clerical and administrative personnel, and construction personnel. As of December 31, 2021, the company had a network of approximately 216 franchisee-owned offices in 36 states and the District of Columbia.

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