Bandera Partners LLC Reduces Stock Position in HireQuest, Inc. $HQI

Bandera Partners LLC trimmed its holdings in shares of HireQuest, Inc. (NASDAQ:HQI) by 6.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 236,847 shares of the company’s stock after selling 15,000 shares during the period. HireQuest accounts for about 1.1% of Bandera Partners LLC’s holdings, making the stock its 13th largest holding. Bandera Partners LLC owned about 1.68% of HireQuest worth $2,371,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. GWN Securities Inc. acquired a new stake in shares of HireQuest during the 2nd quarter worth about $129,000. Russell Investments Group Ltd. raised its holdings in HireQuest by 62,604.0% during the first quarter. Russell Investments Group Ltd. now owns 15,676 shares of the company’s stock worth $187,000 after purchasing an additional 15,651 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of HireQuest during the 1st quarter worth approximately $317,000. Finally, Geode Capital Management LLC boosted its holdings in shares of HireQuest by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 139,141 shares of the company’s stock valued at $1,393,000 after buying an additional 5,685 shares in the last quarter. Hedge funds and other institutional investors own 12.00% of the company’s stock.

HireQuest Stock Down 2.0%

NASDAQ HQI opened at $8.96 on Tuesday. The stock has a market capitalization of $126.34 million, a PE ratio of 49.78 and a beta of 1.22. HireQuest, Inc. has a 12-month low of $7.75 and a 12-month high of $15.75. The company has a 50 day moving average price of $9.07 and a two-hundred day moving average price of $9.59.

HireQuest (NASDAQ:HQI) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. HireQuest had a net margin of 7.47% and a return on equity of 13.88%. The business had revenue of $8.50 million for the quarter, compared to the consensus estimate of $8.11 million. As a group, equities analysts anticipate that HireQuest, Inc. will post 0.28 EPS for the current year.

HireQuest Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.06 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.7%. HireQuest’s payout ratio is currently 48.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HQI shares. Barrington Research reiterated an “outperform” rating and set a $13.00 price target on shares of HireQuest in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of HireQuest in a research report on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, HireQuest has an average rating of “Hold” and an average price target 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.