HireQuest (NASDAQ:HQI) Price Target Raised to $18.00

HireQuest (NASDAQ:HQI) had its price objective lifted by Barrington Research from $17.00 to $18.00 in a research report released on Friday,Benzinga reports. The firm currently has an outperform rating on the stock. Barrington Research also issued estimates for HireQuest’s Q4 2024 earnings at $0.17 EPS and FY2025 earnings at $0.83 EPS.

Separately, DA Davidson reissued a “buy” rating and issued a $19.00 price objective on shares of HireQuest in a research note on Friday, August 9th.

HireQuest Trading Down 0.4 %

Shares of HQI stock opened at $14.30 on Friday. The stock has a market cap of $200.20 million, a price-to-earnings ratio of 130.00 and a beta of 1.02. The stock has a 50-day moving average of $13.99 and a 200-day moving average of $13.31. HireQuest has a 1-year low of $11.39 and a 1-year high of $17.31.

HireQuest Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.68%. The ex-dividend date is Monday, December 2nd. HireQuest’s dividend payout ratio is presently 218.18%.

Hedge Funds Weigh In On HireQuest

A number of hedge funds and other institutional investors have recently made changes to their positions in HQI. Geode Capital Management LLC increased its position in HireQuest by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 131,394 shares of the company’s stock valued at $1,861,000 after buying an additional 5,007 shares in the last quarter. Barclays PLC increased its holdings in HireQuest by 288.2% in the 3rd quarter. Barclays PLC now owns 7,837 shares of the company’s stock valued at $110,000 after acquiring an additional 5,818 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in 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 purchasing an additional 2,256 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of HireQuest in the third quarter valued at $147,000. Finally, Bank of New York Mellon Corp increased its stake in 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 purchasing an additional 772 shares during the period. Institutional investors own 12.00% of the company’s stock.

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.