HireQuest, Inc. (NASDAQ:HQI) CEO Richard Hermanns Purchases 2,000 Shares

HireQuest, Inc. (NASDAQ:HQI) CEO Richard Hermanns bought 2,000 shares of the stock in a transaction on Friday, June 14th. The shares were acquired at an average cost of $12.70 per share, with a total value of $25,400.00. Following the acquisition, the chief executive officer now directly owns 3,058,792 shares in the company, valued at approximately $38,846,658.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Richard Hermanns also recently made the following trade(s):

• On Friday, May 24th, Richard Hermanns purchased 2,700 shares of HireQuest stock. The stock was purchased at an average cost of $12.64 per share, with a total value of $34,128.00.
• On Wednesday, May 15th, Richard Hermanns purchased 3,763 shares of HireQuest stock. The stock was purchased at an average cost of $12.44 per share, with a total value of $46,811.72.

HireQuest Trading Down 4.7 %

HQI opened at $12.10 on Wednesday. The stock has a market capitalization of $169.40 million, a P/E ratio of 31.84 and a beta of 1.02. HireQuest, Inc. has a 12 month low of $11.40 and a 12 month high of $29.38. The firm’s fifty day simple moving average is $12.68 and its 200 day simple moving average is $13.42.

HireQuest (NASDAQ:HQI) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The company had revenue of $8.42 million during the quarter, compared to the consensus estimate of $8.89 million. HireQuest had a net margin of 14.06% and a return on equity of 9.23%. On average, equities research analysts predict that HireQuest, Inc. will post 0.54 EPS for the current fiscal year.

HireQuest Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.24 annualized dividend and a yield of 1.98%. HireQuest’s dividend payout ratio (DPR) is presently 63.16%.

Institutional Investors Weigh In On HireQuest

An institutional investor recently bought a new position in HireQuest stock. US Bancorp DE purchased a new position in shares of HireQuest, Inc. (NASDAQ:HQI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 133,333 shares of the company’s stock, valued at approximately $2,047,000. US Bancorp DE owned approximately 0.96% of HireQuest at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HQI shares. DA Davidson decreased their price target on shares of HireQuest from $25.00 to $23.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Barrington Research reissued an “outperform” rating and issued a $16.00 price target on shares of HireQuest in a report on Tuesday, May 28th.

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.