Insider Buying: HireQuest, Inc. (NASDAQ:HQI) CEO Acquires $50,965.52 in Stock

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

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

• On Monday, June 24th, Richard Hermanns purchased 669 shares of HireQuest stock. The shares were bought at an average price of $12.25 per share, for a total transaction of $8,195.25.
• On Thursday, June 20th, Richard Hermanns purchased 1,062 shares of HireQuest stock. The shares were bought at an average price of $12.22 per share, for a total transaction of $12,977.64.
• On Friday, June 14th, Richard Hermanns purchased 2,000 shares of HireQuest stock. The shares were bought 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 shares were bought 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 shares were bought at an average price of $12.44 per share, for a total transaction of $46,811.72.

HireQuest Stock Performance

Shares of HQI stock opened at $11.99 on Thursday. HireQuest, Inc. has a 1 year low of $11.40 and a 1 year high of $26.47. The stock has a market cap of $167.86 million, a PE ratio of 31.55 and a beta of 1.03. The business’s fifty day moving average is $12.62 and its 200-day moving average is $13.16.

HireQuest (NASDAQ:HQI) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). HireQuest had a net margin of 14.06% and a return on equity of 9.23%. The firm had revenue of $8.42 million for the quarter, compared to analyst estimates of $8.89 million. Equities research analysts predict that HireQuest, Inc. will post 0.54 earnings per share for the current year.

HireQuest Announces Dividend

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

Analyst Ratings Changes

Several analysts recently commented on HQI shares. DA Davidson lowered their target price on HireQuest from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Barrington Research restated an “outperform” rating and issued a $16.00 target price on shares of HireQuest in a research report on Tuesday, May 28th.

Institutional Investors Weigh In On HireQuest

An institutional investor recently raised its position in HireQuest stock. Vanguard Group Inc. lifted its stake in shares of HireQuest, Inc. (NASDAQ:HQI) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 267,461 shares of the company’s stock after acquiring 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. Institutional investors own 12.00% of the company’s stock.

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.