Charles Schwab Investment Management Inc. Has $230,000 Holdings in HireQuest, Inc. (NASDAQ:HQI)

Charles Schwab Investment Management Inc. increased its stake in shares of HireQuest, Inc. (NASDAQ:HQI) by 16.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,229 shares of the company’s stock after acquiring an additional 2,256 shares during the period. Charles Schwab Investment Management Inc. owned about 0.12% of HireQuest worth $230,000 as of its most recent SEC filing.

Separately, Bank of New York Mellon Corp increased its holdings in HireQuest by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 90,113 shares of the company’s stock worth $1,113,000 after purchasing an additional 772 shares in the last quarter. Hedge funds and other institutional investors own 12.00% of the company’s stock.

Wall Street Analyst Weigh In

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

HireQuest Trading Up 0.9 %

Shares of HQI opened at $14.01 on Friday. The stock has a market capitalization of $196.14 million, a price-to-earnings ratio of 127.36 and a beta of 1.04. HireQuest, Inc. has a 12 month low of $11.39 and a 12 month high of $17.31. The firm has a fifty day simple moving average of $14.42 and a 200 day simple moving average of $13.65.

HireQuest Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.71%. HireQuest’s dividend 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.