Barrington Research Issues Pessimistic Forecast for HireQuest (NASDAQ:HQI) Stock Price

HireQuest (NASDAQ:HQI) had its price target decreased by Barrington Research from $18.00 to $16.00 in a research report sent to investors on Monday,Benzinga reports. Barrington Research currently has an outperform rating on the stock.

HireQuest Trading Down 2.6 %

Shares of HQI opened at $11.90 on Monday. The firm has a fifty day simple moving average of $13.60 and a two-hundred day simple moving average of $13.92. The firm has a market cap of $166.60 million, a PE ratio of 108.18 and a beta of 1.03. HireQuest has a 1-year low of $11.39 and a 1-year high of $15.75.

HireQuest (NASDAQ:HQI) last posted its quarterly earnings data on Thursday, March 27th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. HireQuest had a return on equity of 11.02% and a net margin of 4.04%. The company had revenue of $8.08 million during the quarter, compared to analysts’ expectations of $9.30 million. As a group, research analysts forecast that HireQuest will post 0.28 EPS for the current fiscal year.

HireQuest Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Monday, March 3rd. HireQuest’s payout ratio is 88.89%.

Institutional Trading of HireQuest

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC grew its stake in shares of HireQuest by 10.4% during the 4th quarter. Barclays PLC now owns 8,651 shares of the company’s stock valued at $123,000 after acquiring an additional 814 shares during the period. Wells Fargo & Company MN lifted its holdings in HireQuest by 36.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,187 shares of the company’s stock valued at $45,000 after purchasing an additional 847 shares in the last quarter. Geode Capital Management LLC lifted its holdings in HireQuest by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 132,303 shares of the company’s stock valued at $1,874,000 after purchasing an additional 909 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 worth $230,000 after purchasing an additional 2,256 shares during the period. Finally, Northern Trust Corp increased its stake in shares of HireQuest by 9.0% in the fourth quarter. Northern Trust Corp now owns 53,808 shares of the company’s stock worth $762,000 after purchasing an additional 4,449 shares in the last quarter. 12.00% of the stock is owned by hedge funds and other institutional investors.

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.