12,858 Shares in HireQuest, Inc. $HQI Purchased by GWN Securities Inc.

GWN Securities Inc. acquired a new position in HireQuest, Inc. (NASDAQ:HQI) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,858 shares of the company’s stock, valued at approximately $129,000. GWN Securities Inc. owned 0.09% of HireQuest as of its most recent SEC filing.

Separately, Ancora Advisors LLC acquired a new stake in shares of HireQuest in the 1st quarter worth about $317,000. 12.00% of the stock is currently owned by institutional investors and hedge funds.

HireQuest Trading Up 1.3%

HireQuest stock opened at $8.56 on Friday. The stock has a market cap of $120.70 million, a price-to-earnings ratio of 47.56 and a beta of 1.22. The company’s 50-day moving average price is $9.32 and its two-hundred day moving average price is $9.77. HireQuest, Inc. has a 52 week low of $8.04 and a 52 week high of $15.75.

HireQuest (NASDAQ:HQI) last released its earnings results on Thursday, August 7th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. The firm had revenue of $7.64 million for the quarter, compared to analysts’ expectations of $7.66 million. HireQuest had a net margin of 7.47% and a return on equity of 13.88%. Research analysts expect that HireQuest, Inc. will post 0.28 earnings per share for the current fiscal year.

HireQuest Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HQI shares. Barrington Research reaffirmed an “outperform” rating and issued a $13.00 price objective on shares of HireQuest in a report on Thursday, August 28th. Weiss Ratings cut shares of HireQuest from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.00.

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.