Barclays PLC Purchases 5,818 Shares of HireQuest, Inc. (NASDAQ:HQI)

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

Other institutional investors have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC bought a new position in HireQuest during the 3rd quarter valued at about $147,000. Charles Schwab Investment Management Inc. raised its stake 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 during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of HireQuest by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 90,113 shares of the company’s stock worth $1,113,000 after acquiring an additional 772 shares during the last quarter. 12.00% of the stock is owned by institutional investors.

HireQuest Stock Performance

Shares of HQI opened at $13.16 on Thursday. HireQuest, Inc. has a twelve month low of $11.39 and a twelve month high of $15.75. The firm’s 50 day moving average price is $14.36 and its two-hundred day moving average price is $13.77. The firm has a market cap of $184.24 million, a P/E ratio of 119.64 and a beta of 1.05.

HireQuest Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Monday, December 2nd. HireQuest’s payout ratio is currently 218.18%.

Analysts Set New Price Targets

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

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.