Richard Hermanns Buys 4,219 Shares of HireQuest, Inc. (NASDAQ:HQI) Stock

HireQuest, Inc. (NASDAQ:HQI) CEO Richard Hermanns bought 4,219 shares of the stock in a transaction dated Friday, June 28th. The shares were purchased at an average cost of $12.08 per share, for a total transaction of $50,965.52. Following the completion of the purchase, the chief executive officer now owns 3,064,788 shares in the company, valued at $37,022,639.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Richard Hermanns also recently made the following trade(s):

• On Monday, June 24th, Richard Hermanns bought 669 shares of HireQuest stock. The shares were purchased at an average cost of $12.25 per share, for a total transaction of $8,195.25.
• On Thursday, June 20th, Richard Hermanns bought 1,062 shares of HireQuest stock. The shares were purchased at an average cost of $12.22 per share, for a total transaction of $12,977.64.
• On Friday, June 14th, Richard Hermanns bought 2,000 shares of HireQuest stock. The shares were purchased at an average cost of $12.70 per share, for a total transaction of $25,400.00.
• On Friday, May 24th, Richard Hermanns bought 2,700 shares of HireQuest stock. The shares were purchased at an average cost of $12.64 per share, for a total transaction of $34,128.00.
• On Wednesday, May 15th, Richard Hermanns purchased 3,763 shares of HireQuest stock. The stock was bought at an average cost of $12.44 per share, for a total transaction of $46,811.72.

HireQuest Trading Up 2.2 %

HQI stock opened at $12.30 on Wednesday. The company has a market cap of $172.20 million, a price-to-earnings ratio of 32.37 and a beta of 1.03. HireQuest, Inc. has a 12 month low of $11.40 and a 12 month high of $26.47. The firm has a 50-day moving average of $12.62 and a two-hundred day moving average of $13.17.

HireQuest (NASDAQ:HQI) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The business had revenue of $8.42 million during the quarter, compared to analyst estimates of $8.89 million. HireQuest had a net margin of 14.06% and a return on equity of 9.23%. As a group, equities analysts forecast that HireQuest, Inc. will post 0.54 earnings per share for the current year.

HireQuest Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $0.06 dividend. The ex-dividend date was Monday, June 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 1.95%. HireQuest’s payout ratio is 63.16%.

Institutional Trading of HireQuest

A hedge fund recently bought a new stake in HireQuest stock. US Bancorp DE bought a new stake in HireQuest, Inc. (NASDAQ:HQI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 133,333 shares of the company’s stock, valued at approximately $2,047,000. US Bancorp DE owned about 0.96% of HireQuest as of its most recent filing with the Securities and Exchange Commission. 12.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HQI. DA Davidson decreased their price target on shares of HireQuest from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Barrington Research reaffirmed an “outperform” rating and issued a $16.00 price target on shares of HireQuest in a research note on Tuesday, May 28th.

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.