Barclays PLC Raises Holdings in HireQuest, Inc. (NASDAQ:HQI)

Barclays PLC boosted its stake in shares of HireQuest, Inc. (NASDAQ:HQI) by 288.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,837 shares of the company’s stock after acquiring an additional 5,818 shares during the quarter. Barclays PLC owned 0.06% of HireQuest worth $110,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of 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 acquiring an additional 5,007 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in HireQuest by 16.1% during 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 in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in HireQuest in the third quarter valued at approximately $147,000. 12.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barrington Research upped 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 Price Performance

Shares of HQI stock opened at $13.35 on Friday. The company has a market capitalization of $186.90 million, a PE ratio of 121.36 and a beta of 1.05. The firm’s 50-day moving average is $14.17 and its two-hundred day moving average is $13.83. HireQuest, Inc. has a 12 month low of $11.39 and a 12 month high of $15.75.

HireQuest (NASDAQ:HQI) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. HireQuest had a net margin of 4.04% and a return on equity of 11.02%. The business had revenue of $9.42 million during the quarter, compared to the consensus estimate of $8.90 million. During the same quarter last year, the firm earned $0.12 EPS. Sell-side analysts forecast that HireQuest, Inc. will post 0.28 EPS for the current year.

HireQuest Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.06 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.24 dividend on an annualized basis and a yield of 1.80%. HireQuest’s payout ratio is currently 218.18%.

HireQuest 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.