Insider Buying: HireQuest, Inc. (NASDAQ:HQI) CEO Buys 2,000 Shares of Stock

HireQuest, Inc. (NASDAQ:HQI) CEO Richard Hermanns acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were acquired at an average cost of $12.70 per share, with a total value of $25,400.00. Following the purchase, the chief executive officer now owns 3,058,792 shares in the company, valued at approximately $38,846,658.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Richard Hermanns also recently made the following trade(s):

• On Friday, May 24th, Richard Hermanns acquired 2,700 shares of HireQuest stock. The shares were purchased at an average price of $12.64 per share, with a total value of $34,128.00.
• On Wednesday, May 15th, Richard Hermanns purchased 3,763 shares of HireQuest stock. The shares were purchased at an average price of $12.44 per share, with a total value of $46,811.72.

HireQuest Stock Performance

NASDAQ HQI traded up $0.13 during trading on Monday, reaching $12.60. 2,043 shares of the company’s stock were exchanged, compared to its average volume of 13,615. The company has a 50 day moving average price of $12.72 and a two-hundred day moving average price of $13.46. The stock has a market cap of $176.40 million, a P/E ratio of 32.82 and a beta of 1.02. HireQuest, Inc. has a 1 year low of $11.40 and a 1 year high of $29.38.

HireQuest (NASDAQ:HQI) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The business had revenue of $8.42 million during the quarter, compared to analyst estimates of $8.89 million. HireQuest had a net margin of 14.06% and a return on equity of 9.23%. Research analysts forecast that HireQuest, Inc. will post 0.54 EPS for the current fiscal year.

HireQuest Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.90%. HireQuest’s dividend payout ratio (DPR) is presently 63.16%.

Hedge Funds Weigh In On HireQuest

A hedge fund recently bought a new stake in HireQuest stock. US Bancorp DE acquired a new position in shares of HireQuest, Inc. (NASDAQ:HQI) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 133,333 shares of the company’s stock, valued at approximately $2,047,000. US Bancorp DE owned about 0.96% of HireQuest as of its most recent SEC filing. 12.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on HQI. DA Davidson cut their price objective on HireQuest from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Barrington Research reiterated an “outperform” rating and issued a $16.00 price objective on shares of HireQuest in a report on Tuesday, May 28th.

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.