JPMorgan Chase & Co. Raises Stock Holdings in HireQuest, Inc. (NASDAQ:HQI)

JPMorgan Chase & Co. raised its stake in HireQuest, Inc. (NASDAQ:HQI) by 110.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,939 shares of the company’s stock after purchasing an additional 11,007 shares during the period. JPMorgan Chase & Co. owned 0.15% of HireQuest worth $296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of HireQuest by 288.2% in the 3rd quarter. Barclays PLC now owns 7,837 shares of the company’s stock worth $110,000 after purchasing an additional 5,818 shares in the last quarter. Bank of New York Mellon Corp raised its stake in HireQuest by 31.8% in the fourth quarter. Bank of New York Mellon Corp now owns 111,488 shares of the company’s stock valued at $1,579,000 after buying an additional 26,913 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in HireQuest by 4.0% in the third quarter. Geode Capital Management LLC now owns 131,394 shares of the company’s stock worth $1,861,000 after acquiring an additional 5,007 shares in the last quarter. 12.00% of the stock is currently owned by institutional investors.

HireQuest Trading Up 1.2 %

NASDAQ:HQI opened at $10.26 on Friday. The company has a market capitalization of $143.64 million, a P/E ratio of 93.27 and a beta of 1.13. HireQuest, Inc. has a 12 month low of $9.98 and a 12 month high of $15.75. The firm has a fifty day simple moving average of $12.11 and a 200-day simple moving average of $13.34.

HireQuest (NASDAQ:HQI) last issued its earnings results on Thursday, March 27th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $8.08 million during the quarter, compared to analyst estimates of $9.30 million. HireQuest had a return on equity of 11.02% and a net margin of 4.04%. Equities analysts forecast that HireQuest, Inc. will post 0.28 EPS for the current year.

HireQuest Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 2.34%. HireQuest’s dividend payout ratio is currently 88.89%.

Wall Street Analyst Weigh In

Separately, Barrington Research cut their price objective on shares of HireQuest from $18.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, March 31st.

HireQuest 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.