Global Strategic Investment Solutions LLC Decreases Stock Position in HireQuest, Inc. (NASDAQ:HQI)

Global Strategic Investment Solutions LLC decreased its holdings in shares of HireQuest, Inc. (NASDAQ:HQI) by 9.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 19,329 shares of the company’s stock after selling 1,974 shares during the period. Global Strategic Investment Solutions LLC owned approximately 0.14% of HireQuest worth $274,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of HQI. Concurrent Investment Advisors LLC acquired a new position in shares of HireQuest in the 3rd quarter valued at $147,000. Bank of New York Mellon Corp lifted its holdings in shares of HireQuest by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 90,113 shares of the company’s stock worth $1,113,000 after purchasing an additional 772 shares during the period. Finally, Vanguard Group Inc. boosted its position in HireQuest by 0.9% in the first quarter. Vanguard Group Inc. now owns 267,461 shares of the company’s stock valued at $3,464,000 after buying an additional 2,490 shares during the last quarter. Institutional investors and hedge funds own 12.00% of the company’s stock.

HireQuest Stock Up 1.0 %

Shares of HQI stock traded up $0.14 during mid-day trading on Thursday, hitting $14.80. 3,090 shares of the stock were exchanged, compared to its average volume of 13,713. HireQuest, Inc. has a 52-week low of $11.39 and a 52-week high of $17.31. The company has a market cap of $207.20 million, a PE ratio of 38.58 and a beta of 1.02. The firm has a fifty day moving average of $13.95 and a 200 day moving average of $13.20.

HireQuest (NASDAQ:HQI) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $8.68 million for the quarter, compared to the consensus estimate of $8.40 million. HireQuest had a return on equity of 9.15% and a net margin of 14.27%. During the same quarter in the prior year, the business posted $0.15 earnings per share. Equities analysts predict that HireQuest, Inc. will post 0.59 EPS for the current year.

HireQuest Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 2nd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Friday, August 30th. HireQuest’s payout ratio is presently 63.16%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Barrington Research raised their target price on shares of HireQuest from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. DA Davidson reaffirmed a “buy” rating and set a $19.00 price objective on shares of HireQuest in a research note on Friday, August 9th.

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.