Geode Capital Management LLC Purchases 5,007 Shares of HireQuest, Inc. (NASDAQ:HQI)

Geode Capital Management LLC boosted its position in shares of HireQuest, Inc. (NASDAQ:HQI) by 4.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 131,394 shares of the company’s stock after purchasing an additional 5,007 shares during the quarter. Geode Capital Management LLC owned 0.94% of HireQuest worth $1,861,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC acquired a new stake in HireQuest during the 3rd quarter worth $147,000. Barclays PLC grew its stake in HireQuest by 288.2% in the third quarter. Barclays PLC now owns 7,837 shares of the company’s stock valued at $110,000 after acquiring an additional 5,818 shares during the period. Charles Schwab Investment Management Inc. increased its holdings 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 acquiring an additional 2,256 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of HireQuest by 0.9% during the second 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 during the period. Institutional investors own 12.00% of the company’s stock.

HireQuest Trading Up 1.3 %

HQI opened at $13.16 on Thursday. The stock has a market capitalization of $184.24 million, a P/E 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 fifty day simple moving average is $14.36 and its 200 day simple moving average is $13.77.

HireQuest Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.06 dividend. 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 1.82%. HireQuest’s dividend payout ratio (DPR) is 218.18%.

Analysts Set New Price Targets

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

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.