HireQuest (NASDAQ:HQI) Price Target Lowered to $16.00 at Barrington Research

HireQuest (NASDAQ:HQI) had its price objective cut by Barrington Research from $18.00 to $16.00 in a research note published on Monday,Benzinga reports. They currently have an outperform rating on the stock.

HireQuest Stock Down 2.6 %

Shares of HQI opened at $11.90 on Monday. The stock has a market cap of $166.60 million, a P/E ratio of 108.18 and a beta of 1.03. The business’s 50 day moving average price is $13.60 and its 200-day moving average price is $13.92. HireQuest has a 52 week low of $11.39 and a 52 week high of $15.75.

HireQuest (NASDAQ:HQI) last released its earnings results on Thursday, March 27th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. HireQuest had a return on equity of 11.02% and a net margin of 4.04%. The business had revenue of $8.08 million for the quarter, compared to the consensus estimate of $9.30 million. On average, equities analysts anticipate that HireQuest will post 0.28 EPS for the current year.

HireQuest Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.24 annualized dividend and a yield of 2.02%. HireQuest’s dividend payout ratio (DPR) is presently 88.89%.

Institutional Investors Weigh In On HireQuest

Institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its position in HireQuest by 36.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,187 shares of the company’s stock valued at $45,000 after acquiring an additional 847 shares in the last quarter. Barclays PLC lifted its holdings in shares of HireQuest by 288.2% during the third quarter. Barclays PLC now owns 7,837 shares of the company’s stock valued at $110,000 after purchasing an additional 5,818 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of HireQuest by 233.4% during the third quarter. JPMorgan Chase & Co. now owns 9,932 shares of the company’s stock valued at $141,000 after purchasing an additional 6,953 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of HireQuest by 16.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,229 shares of the company’s stock valued at $230,000 after buying an additional 2,256 shares during the last quarter. Finally, Inlight Wealth Management LLC bought a new stake in HireQuest in the 4th quarter worth about $287,000. Hedge funds and other institutional investors own 12.00% of the company’s stock.

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.