HireQuest (NASDAQ:HQI) Stock Price Expected to Rise, Barrington Research Analyst Says

HireQuest (NASDAQ:HQI) had its price target boosted by Barrington Research from $17.00 to $18.00 in a research note published 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 set a $19.00 target price on shares of HireQuest in a report on Friday, August 9th.

HireQuest Stock Performance

Shares of HQI stock traded down $0.06 on Friday, reaching $14.30. 11,408 shares of the company were exchanged, compared to its average volume of 13,795. HireQuest has a 1 year low of $11.39 and a 1 year high of $17.31. The business has a 50-day moving average price of $13.99 and a 200 day moving average price of $13.30. The company has a market cap of $200.20 million, a price-to-earnings ratio of 130.00 and a beta of 1.02.

HireQuest Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, December 2nd. HireQuest’s dividend payout ratio (DPR) is 218.18%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in shares of HireQuest by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 90,113 shares of the company’s stock worth $1,113,000 after acquiring an additional 772 shares during the period. Charles Schwab Investment Management Inc. increased its position in HireQuest by 16.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,229 shares of the company’s stock worth $230,000 after purchasing an additional 2,256 shares during the last quarter. Vanguard Group Inc. raised its stake in HireQuest by 0.9% during the first quarter. Vanguard Group Inc. now owns 267,461 shares of the company’s stock worth $3,464,000 after purchasing an additional 2,490 shares during the period. Geode Capital Management LLC boosted its holdings in HireQuest by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 131,394 shares of the company’s stock valued at $1,861,000 after purchasing an additional 5,007 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of 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 buying an additional 5,818 shares during the period. 12.00% of the stock is owned by hedge funds and other institutional investors.

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.