Geode Capital Management LLC Has $1.86 Million Holdings in HireQuest, Inc. (NASDAQ:HQI)

Geode Capital Management LLC lifted its holdings in HireQuest, Inc. (NASDAQ:HQI) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,394 shares of the company’s stock after purchasing an additional 5,007 shares during the quarter. Geode Capital Management LLC’s holdings in HireQuest were worth $1,861,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Barclays PLC increased its position in shares of HireQuest by 288.2% during the 3rd quarter. Barclays PLC now owns 7,837 shares of the company’s stock worth $110,000 after purchasing an additional 5,818 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of HireQuest in the third quarter valued at $147,000. Charles Schwab Investment Management Inc. grew 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 valued at $230,000 after buying an additional 2,256 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in HireQuest by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 90,113 shares of the company’s stock worth $1,113,000 after buying an additional 772 shares during the last quarter. Institutional investors and hedge funds own 12.00% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research lifted their price objective on shares of HireQuest from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, November 15th.

HireQuest Stock Up 1.3 %

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

HireQuest Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 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 1.82%. The ex-dividend date was Monday, December 2nd. HireQuest’s payout ratio is presently 218.18%.

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.