HireQuest (NASDAQ:HQI) Price Target Raised to $18.00

HireQuest (NASDAQ:HQI) had its price target boosted by Barrington Research from $17.00 to $18.00 in a research report released on Friday,Benzinga reports. Barrington Research currently has an outperform rating on the stock. Barrington Research also issued estimates for HireQuest’s Q4 2024 earnings at $0.17 EPS and FY2025 earnings at $0.83 EPS.

Separately, DA Davidson reaffirmed a “buy” rating and set a $19.00 price target on shares of HireQuest in a research report on Friday, August 9th.

HireQuest Trading Down 0.4 %

Shares of NASDAQ HQI opened at $14.30 on Friday. HireQuest has a 52 week low of $11.39 and a 52 week high of $17.31. The stock has a market cap of $200.20 million, a price-to-earnings ratio of 130.00 and a beta of 1.02. The company’s 50-day moving average price is $13.99 and its 200 day moving average price is $13.31.

HireQuest Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.24 annualized dividend and a yield of 1.68%. HireQuest’s payout ratio is 218.18%.

Institutional Trading of HireQuest

Several institutional investors have recently made changes to their positions in HQI. Vanguard Group Inc. boosted its position in shares of HireQuest by 0.9% in the first quarter. Vanguard Group Inc. now owns 267,461 shares of the company’s stock valued at $3,464,000 after acquiring an additional 2,490 shares during the period. Bank of New York Mellon Corp boosted its stake in 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 acquiring an additional 772 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in HireQuest in the third quarter valued at about $147,000. Geode Capital Management LLC raised its stake in HireQuest by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 131,394 shares of the company’s stock worth $1,861,000 after buying an additional 5,007 shares during the period. Finally, Barclays PLC lifted its stake in HireQuest by 288.2% in the 3rd quarter. Barclays PLC now owns 7,837 shares of the company’s stock valued at $110,000 after acquiring an additional 5,818 shares in the last quarter. 12.00% of the stock is currently owned by institutional investors and hedge funds.

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.