GWN Securities Inc. Takes $129,000 Position in HireQuest, Inc. $HQI

GWN Securities Inc. acquired a new stake in shares of HireQuest, Inc. (NASDAQ:HQI) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 12,858 shares of the company’s stock, valued at approximately $129,000.

Separately, Ancora Advisors LLC bought a new position in shares of HireQuest during the 1st quarter valued at about $317,000. Hedge funds and other institutional investors own 12.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HQI shares. Barrington Research restated an “outperform” rating and set a $13.00 price objective on shares of HireQuest in a research report on Thursday, August 28th. Weiss Ratings cut shares of HireQuest from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.00.

HireQuest Price Performance

Shares of HQI opened at $8.56 on Friday. HireQuest, Inc. has a one year low of $8.04 and a one year high of $15.75. The company has a 50-day moving average of $9.32 and a two-hundred day moving average of $9.77. The stock has a market cap of $120.70 million, a price-to-earnings ratio of 47.56 and a beta of 1.22.

HireQuest (NASDAQ:HQI) last announced its earnings results on Thursday, August 7th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. HireQuest had a net margin of 7.47% and a return on equity of 13.88%. The company had revenue of $7.64 million during the quarter, compared to analysts’ expectations of $7.66 million. Analysts anticipate that HireQuest, Inc. will post 0.28 earnings per share for the current year.

HireQuest Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, August 29th. HireQuest’s dividend payout ratio is currently 133.33%.

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.