RMR Capital Management LLC Decreases Stake in HireQuest, Inc. $HQI

Key Points

• RMR Capital Management LLC has reduced its stake in HireQuest, Inc. by 57.9%, now owning 0.18% of the company after selling 33,880 shares.
• HireQuest recently announced a quarterly dividend of $0.06 per share, representing an annualized yield of 2.8%, though the dividend payout ratio stands at 133.33%.
• Analysts have a consensus rating of "Moderate Buy" for HireQuest, with an average price target of $13.00 per share.

RMR Capital Management LLC reduced its position in HireQuest, Inc. (NASDAQ:HQI - Free Report) by 57.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,614 shares of the company's stock after selling 33,880 shares during the period. RMR Capital Management LLC owned 0.18% of HireQuest worth $246,000 at the end of the most recent quarter.

Separately, Russell Investments Group Ltd. raised its position in HireQuest by 62,604.0% during the first quarter. Russell Investments Group Ltd. now owns 15,676 shares of the company's stock valued at $187,000 after purchasing an additional 15,651 shares during the period. 12.00% of the stock is currently owned by hedge funds and other institutional investors.

HireQuest Trading Down 2.1%

Shares of HQI opened at $8.59 on Wednesday. The firm has a market cap of $121.12 million, a PE ratio of 47.72 and a beta of 1.22. The stock has a fifty day moving average price of $9.58 and a 200-day moving average price of $9.99. HireQuest, Inc. has a 12 month low of $8.04 and a 12 month high of $15.75.

HireQuest (NASDAQ:HQI - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. HireQuest had a return on equity of 13.88% and a net margin of 7.47%.The business had revenue of $7.64 million for the quarter, compared to the consensus estimate of $7.66 million. As a group, research analysts forecast that HireQuest, Inc. will post 0.28 EPS for the current year.

HireQuest Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.8%. HireQuest's dividend payout ratio (DPR) is presently 133.33%.

Analyst Ratings Changes

A number of brokerages have issued reports on HQI. 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 reaffirmed a "hold (c-)" rating on shares of HireQuest in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, HireQuest has a consensus rating of "Moderate Buy" and an average price target of $13.00.

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.

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