US Bancorp DE Lowers Stock Position in HireQuest, Inc. $HQI

US Bancorp DE lowered its position in HireQuest, Inc. (NASDAQ:HQI) by 11.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,000 shares of the company’s stock after selling 11,000 shares during the period. US Bancorp DE owned about 0.60% of HireQuest worth $841,000 at the end of the most recent reporting period.

Separately, Russell Investments Group Ltd. raised its holdings in shares of HireQuest by 62,604.0% in the first quarter. Russell Investments Group Ltd. now owns 15,676 shares of the company’s stock valued at $187,000 after purchasing an additional 15,651 shares during the last quarter. Institutional investors and hedge funds own 12.00% of the company’s stock.

HireQuest Stock Down 1.4%

Shares of NASDAQ:HQI opened at $8.38 on Friday. The firm has a market capitalization of $118.16 million, a PE ratio of 46.56 and a beta of 1.22. HireQuest, Inc. has a twelve month low of $8.04 and a twelve month high of $15.75. The company has a 50-day moving average price of $9.50 and a two-hundred day moving average price of $9.92.

HireQuest (NASDAQ:HQI) last issued its earnings results on Thursday, August 7th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $7.64 million during the quarter, compared to analyst estimates of $7.66 million. HireQuest had a net margin of 7.47% and a return on equity of 13.88%. Analysts anticipate that HireQuest, Inc. will post 0.28 earnings per share for the current fiscal year.

HireQuest Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, August 29th. HireQuest’s dividend payout ratio (DPR) is currently 133.33%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HQI. Barrington Research reiterated an “outperform” rating and issued a $13.00 target price on shares of HireQuest in a report on Thursday, August 28th. Weiss Ratings restated a “hold (c-)” rating on shares of HireQuest in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, HireQuest presently has an average rating of “Moderate Buy” and an average target price of $13.00.

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.