Barclays PLC Purchases 5,818 Shares of HireQuest, Inc. (NASDAQ:HQI)

Barclays PLC boosted its position in shares of HireQuest, Inc. (NASDAQ:HQI) by 288.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,837 shares of the company’s stock after acquiring an additional 5,818 shares during the quarter. Barclays PLC’s holdings in HireQuest were worth $110,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of 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 purchasing an additional 772 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of HireQuest in the third quarter valued at about $147,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of HireQuest by 16.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,229 shares of the company’s stock valued at $230,000 after acquiring an additional 2,256 shares in the last quarter. 12.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

HireQuest Stock Up 1.3 %

Shares of HireQuest stock opened at $13.16 on Thursday. The company has a market capitalization of $184.24 million, a price-to-earnings ratio of 119.64 and a beta of 1.05. HireQuest, Inc. has a 12-month low of $11.39 and a 12-month high of $15.75. The firm’s 50-day moving average price is $14.36 and its two-hundred day moving average price is $13.77.

HireQuest Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.06 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.24 dividend on an annualized basis and a yield of 1.82%. HireQuest’s payout ratio is 218.18%.

About HireQuest

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.