Richard Hermanns Purchases 3,763 Shares of HireQuest, Inc. (NASDAQ:HQI) Stock

HireQuest, Inc. (NASDAQ:HQIGet Free Report) CEO Richard Hermanns bought 3,763 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was bought at an average cost of $12.44 per share, for a total transaction of $46,811.72. Following the completion of the transaction, the chief executive officer now directly owns 3,053,092 shares in the company, valued at $37,980,464.48. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

HireQuest Price Performance

Shares of HireQuest stock opened at $13.25 on Friday. The firm’s fifty day simple moving average is $12.61 and its 200-day simple moving average is $13.72. HireQuest, Inc. has a 12 month low of $11.40 and a 12 month high of $29.38. The stock has a market capitalization of $185.50 million, a price-to-earnings ratio of 34.87 and a beta of 1.03.

HireQuest (NASDAQ:HQIGet Free Report) last posted its quarterly earnings data on Thursday, March 21st. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.13. HireQuest had a net margin of 14.06% and a return on equity of 9.23%. The company had revenue of $9.76 million for the quarter, compared to analyst estimates of $8.42 million. Analysts anticipate that HireQuest, Inc. will post 0.54 earnings per share for the current year.

HireQuest Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.06 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 1.81%. HireQuest’s payout ratio is 63.16%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in HireQuest stock. US Bancorp DE acquired a new stake in HireQuest, Inc. (NASDAQ:HQIFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 133,333 shares of the company’s stock, valued at approximately $2,047,000. US Bancorp DE owned 0.96% of HireQuest as of its most recent SEC filing. Institutional investors own 12.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HQI. DA Davidson decreased their price objective on shares of HireQuest from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Barrington Research decreased their target price on HireQuest from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Tuesday, May 14th.

Check Out Our Latest Stock Report on HQI

About HireQuest

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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.

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