HireQuest, Inc. (NASDAQ:HQI) Shares Sold by Creative Planning

Creative Planning reduced its holdings in shares of HireQuest, Inc. (NASDAQ:HQI) by 14.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 29,800 shares of the company’s stock after selling 4,950 shares during the period. Creative Planning owned approximately 0.21% of HireQuest worth $422,000 as of its most recent filing with the SEC.

Separately, Vanguard Group Inc. boosted its holdings in HireQuest by 0.9% during the first quarter. Vanguard Group Inc. now owns 267,461 shares of the company’s stock worth $3,464,000 after buying an additional 2,490 shares in the last quarter. Hedge funds and other institutional investors own 12.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. DA Davidson restated a “buy” rating and issued a $19.00 target price on shares of HireQuest in a report on Friday, August 9th. Barrington Research upped their target price on shares of HireQuest from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd.

HireQuest Price Performance

NASDAQ HQI opened at $13.87 on Friday. The company has a 50 day simple moving average of $13.97 and a 200-day simple moving average of $13.21. The firm has a market capitalization of $194.18 million, a price-to-earnings ratio of 37.66 and a beta of 1.02. HireQuest, Inc. has a 52-week low of $11.39 and a 52-week high of $17.31.

HireQuest (NASDAQ:HQI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. HireQuest had a net margin of 14.27% and a return on equity of 9.15%. The business had revenue of $8.68 million during the quarter, compared to analysts’ expectations of $8.40 million. During the same period in the previous year, the company earned $0.15 earnings per share. On average, analysts predict that HireQuest, Inc. will post 0.59 EPS for the current year.

HireQuest Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 2nd were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.24 annualized dividend and a dividend yield of 1.73%. HireQuest’s dividend payout ratio is presently 63.16%.

About HireQuest

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.