HireQuest (NASDAQ:HQI) Shares Down 1.3% – Here’s What Happened

HireQuest, Inc. (NASDAQ:HQI)’s share price fell 1.3% during mid-day trading on Monday . The company traded as low as $14.31 and last traded at $14.66. 19,177 shares traded hands during trading, an increase of 32% from the average session volume of 14,478 shares. The stock had previously closed at $14.86.

Analyst Ratings Changes

Separately, Barrington Research raised their price objective on shares of HireQuest from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, November 15th.

HireQuest Stock Performance

The firm’s 50-day moving average price is $14.21 and its 200 day moving average price is $13.55. The company has a market cap of $205.24 million, a price-to-earnings ratio of 133.27 and a beta of 1.04.

HireQuest Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.64%. The ex-dividend date is Monday, December 2nd. HireQuest’s payout ratio is 218.18%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HQI. Vanguard Group Inc. lifted its stake in HireQuest by 0.9% in the first quarter. Vanguard Group Inc. now owns 267,461 shares of the company’s stock valued at $3,464,000 after buying an additional 2,490 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in HireQuest by 0.9% in 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 buying an additional 772 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in HireQuest in the third quarter valued at approximately $147,000. Barclays PLC lifted its stake in HireQuest by 288.2% in the third quarter. Barclays PLC now owns 7,837 shares of the company’s stock valued at $110,000 after buying an additional 5,818 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in HireQuest by 4.0% in the third quarter. Geode Capital Management LLC now owns 131,394 shares of the company’s stock valued at $1,861,000 after buying an additional 5,007 shares in the last quarter. Institutional investors own 12.00% of the company’s stock.

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.