Global Strategic Investment Solutions LLC Lowers Holdings in HireQuest, Inc. (NASDAQ:HQI)

Global Strategic Investment Solutions LLC trimmed its holdings in HireQuest, Inc. (NASDAQ:HQI) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,355 shares of the company’s stock after selling 974 shares during the quarter. Global Strategic Investment Solutions LLC owned 0.13% of HireQuest worth $260,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. 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. Bank of New York Mellon Corp boosted its stake in shares of HireQuest by 31.8% during the 4th quarter. Bank of New York Mellon Corp now owns 111,488 shares of the company’s stock worth $1,579,000 after acquiring an additional 26,913 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of HireQuest by 16.1% during the 3rd 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. Concurrent Investment Advisors LLC purchased a new stake in shares of HireQuest during the 3rd quarter worth about $147,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of HireQuest by 233.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,932 shares of the company’s stock worth $141,000 after acquiring an additional 6,953 shares in the last quarter. 12.00% of the stock is owned by hedge funds and other institutional investors.

HireQuest Stock Down 3.2 %

HQI opened at $14.68 on Tuesday. HireQuest, Inc. has a twelve month low of $11.39 and a twelve month high of $15.75. The company has a 50-day moving average price of $13.64 and a 200 day moving average price of $13.98. The company has a market cap of $205.52 million, a PE ratio of 133.45 and a beta of 1.03.

HireQuest Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.24 annualized dividend and a dividend yield of 1.63%. HireQuest’s dividend payout ratio (DPR) is presently 218.18%.

Analyst Ratings Changes

Separately, Barrington Research increased 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 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.