Insider Buying: HireQuest, Inc. (NASDAQ:HQI) CEO Acquires 4,219 Shares of Stock

HireQuest, Inc. (NASDAQ:HQI) CEO Richard Hermanns bought 4,219 shares of the company’s stock in a transaction on Friday, June 28th. The shares were acquired at an average price of $12.08 per share, for a total transaction of $50,965.52. Following the completion of the acquisition, the chief executive officer now owns 3,064,788 shares in the company, valued at $37,022,639.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, June 24th, Richard Hermanns bought 669 shares of HireQuest stock. The shares were acquired at an average price of $12.25 per share, for a total transaction of $8,195.25.
• On Thursday, June 20th, Richard Hermanns bought 1,062 shares of HireQuest stock. The shares were acquired at an average price of $12.22 per share, for a total transaction of $12,977.64.
• On Friday, June 14th, Richard Hermanns bought 2,000 shares of HireQuest stock. The shares were acquired at an average price of $12.70 per share, for a total transaction of $25,400.00.
• On Friday, May 24th, Richard Hermanns purchased 2,700 shares of HireQuest stock. The stock was purchased at an average price of $12.64 per share, for a total transaction of $34,128.00.
• On Wednesday, May 15th, Richard Hermanns purchased 3,763 shares of HireQuest stock. The stock was purchased at an average price of $12.44 per share, for a total transaction of $46,811.72.

HireQuest Stock Down 2.5 %

Shares of HireQuest stock opened at $11.99 on Thursday. The firm has a market capitalization of $167.86 million, a P/E ratio of 31.55 and a beta of 1.03. The company has a 50 day moving average price of $12.62 and a 200 day moving average price of $13.16. HireQuest, Inc. has a 52 week low of $11.40 and a 52 week high of $26.47.

HireQuest (NASDAQ:HQI) last posted 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). HireQuest had a return on equity of 9.23% and a net margin of 14.06%. The business had revenue of $8.42 million for the quarter, compared to analysts’ expectations of $8.89 million. As a group, research analysts anticipate that HireQuest, Inc. will post 0.54 earnings per share for the current fiscal year.

HireQuest Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Monday, June 3rd. HireQuest’s dividend payout ratio is presently 63.16%.

Hedge Funds Weigh In On HireQuest

A hedge fund recently raised its stake in HireQuest stock. Vanguard Group Inc. boosted its holdings in shares of HireQuest, Inc. (NASDAQ:HQI) by 0.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 267,461 shares of the company’s stock after buying an additional 2,490 shares during the quarter. Vanguard Group Inc. owned 1.91% of HireQuest worth $3,464,000 at the end of the most recent reporting period. 12.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HQI has been the topic of a number of recent analyst reports. Barrington Research restated an “outperform” rating and issued a $16.00 price target on shares of HireQuest in a report on Tuesday, May 28th. DA Davidson decreased their price objective on shares of HireQuest from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, March 22nd.

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.