HireQuest (NASDAQ:HQI) Stock Price Down 0.2% - What's Next?

HireQuest, Inc. (NASDAQ:HQI - Get Free Report)'s stock price traded down 0.2% during trading on Monday . The company traded as low as $10.01 and last traded at $10.01. 2,725 shares changed hands during trading, a decline of 82% from the average session volume of 15,201 shares. The stock had previously closed at $10.03.

Wall Street Analyst Weigh In

Separately, Barrington Research dropped their price objective on shares of HireQuest from $16.00 to $13.00 and set an "outperform" rating on the stock in a report on Monday, May 12th.

HireQuest Trading Down 0.2%

The firm has a market capitalization of $140.14 million, a price-to-earnings ratio of 40.04 and a beta of 1.19. The company's 50 day moving average is $9.95 and its 200-day moving average is $11.74.

HireQuest (NASDAQ:HQI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). The company had revenue of $7.47 million for the quarter, compared to analyst estimates of $8.03 million. HireQuest had a return on equity of 13.80% and a net margin of 10.15%. Research analysts expect that HireQuest, Inc. will post 0.28 EPS for the current year.

HireQuest Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.06 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.24 annualized dividend and a dividend yield of 2.40%. HireQuest's dividend payout ratio is presently 96.00%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in HireQuest by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 132,303 shares of the company's stock valued at $1,874,000 after acquiring an additional 909 shares during the last quarter. Bank of New York Mellon Corp increased its stake in HireQuest by 31.8% in the fourth quarter. Bank of New York Mellon Corp now owns 111,488 shares of the company's stock valued at $1,579,000 after acquiring an additional 26,913 shares during the last quarter. Northern Trust Corp increased its stake in HireQuest by 9.0% in the fourth quarter. Northern Trust Corp now owns 53,808 shares of the company's stock valued at $762,000 after acquiring an additional 4,449 shares during the last quarter. Ancora Advisors LLC bought a new position in HireQuest in the first quarter valued at approximately $317,000. Finally, Renaissance Technologies LLC bought a new position in HireQuest in the fourth quarter valued at approximately $309,000. 12.00% of the stock is owned by 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.

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