HireQuest (NASDAQ:HQI) Trading Down 1.3% – Time to Sell?

Shares of HireQuest, Inc. (NASDAQ:HQI) dropped 1.3% during trading on Tuesday . The stock traded as low as $13.80 and last traded at $13.83. Approximately 11,554 shares changed hands during trading, a decline of 17% from the average daily volume of 13,965 shares. The stock had previously closed at $14.01.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barrington Research raised their price target on shares of HireQuest from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. DA Davidson restated a “buy” rating and issued a $19.00 target price on shares of HireQuest in a research note on Friday, August 9th.

HireQuest Stock Down 1.3 %

The company has a market capitalization of $193.62 million, a PE ratio of 36.39 and a beta of 1.01. The business has a 50 day simple moving average of $13.89 and a 200 day simple moving average of $13.14.

HireQuest (NASDAQ:HQI) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm had revenue of $8.68 million during the quarter, compared to analyst estimates of $8.40 million. HireQuest had a net margin of 14.27% and a return on equity of 9.15%. During the same period last year, the firm posted $0.15 EPS. Equities analysts expect that HireQuest, Inc. will post 0.59 EPS for the current fiscal year.

HireQuest Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 2nd were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, August 30th. HireQuest’s dividend payout ratio (DPR) is presently 63.16%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in HireQuest stock. Vanguard Group Inc. raised its holdings in HireQuest, Inc. (NASDAQ:HQI) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 267,461 shares of the company’s stock after purchasing an additional 2,490 shares during the quarter. Vanguard Group Inc. owned 1.91% of HireQuest worth $3,464,000 at the end of the most recent reporting period. 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.