HireQuest (NASDAQ:HQI) Stock Price Up 5.2%

HireQuest, Inc. (NASDAQ:HQI) shot up 5.2% on Friday . The stock traded as high as $12.68 and last traded at $12.65. 7,311 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 12,889 shares. The stock had previously closed at $12.02.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HQI. Barrington Research decreased their target price on HireQuest from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Thursday, April 4th. DA Davidson decreased their target price on HireQuest from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd.

HireQuest Stock Up 5.2 %

The stock has a market cap of $177.10 million, a PE ratio of 28.11 and a beta of 1.11. The stock has a 50-day moving average of $12.74 and a 200 day moving average of $14.00.

HireQuest (NASDAQ:HQI) last announced its quarterly earnings data on Thursday, March 21st. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.13. HireQuest had a return on equity of 10.37% and a net margin of 16.20%. The firm had revenue of $9.76 million for the quarter, compared to the consensus estimate of $8.42 million. Research analysts forecast that HireQuest, Inc. will post 0.68 EPS for the current fiscal year.

HireQuest Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.06 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.24 dividend on an annualized basis and a yield of 1.90%. HireQuest’s payout ratio is 53.33%.

Institutional Investors Weigh In On HireQuest

A hedge fund recently bought a new stake in HireQuest stock. Barclays PLC bought a new stake in HireQuest, Inc. (NASDAQ:HQI) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,073 shares of the company’s stock, valued at approximately $28,000. 12.00% of the stock is owned by hedge funds and other institutional investors.

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.