HireQuest, Inc. (HQI) to Issue Quarterly Dividend of $0.06 on June 15th

HireQuest, Inc. (NASDAQ:HQI) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Monday, June 1st will be given a dividend of 0.06 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, June 1st.

HireQuest has raised its dividend payment by an average of 0.2%per year over the last three years. HireQuest has a dividend payout ratio of 42.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect HireQuest to earn $0.61 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 39.3%.

HireQuest Stock Performance

NASDAQ HQI opened at $13.15 on Friday. The company has a market capitalization of $182.79 million, a P/E ratio of 28.59 and a beta of 1.08. HireQuest has a one year low of $7.38 and a one year high of $13.39. The stock has a 50 day moving average price of $11.15 and a 200-day moving average price of $10.52.

HireQuest (NASDAQ:HQI) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $6.52 million during the quarter, compared to the consensus estimate of $6.75 million. HireQuest had a return on equity of 14.90% and a net margin of 21.98%. As a group, equities analysts predict that HireQuest will post 0.57 EPS for the current fiscal year.

Institutional Trading of HireQuest

Institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its position in shares of HireQuest by 47.2% during the fourth quarter. Wells Fargo & Company MN now owns 6,333 shares of the company’s stock worth $67,000 after purchasing an additional 2,031 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of HireQuest during the fourth quarter worth $112,000. Deutsche Bank AG lifted its position in shares of HireQuest by 158.0% during the fourth quarter. Deutsche Bank AG now owns 10,945 shares of the company’s stock worth $115,000 after purchasing an additional 6,702 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of HireQuest by 67.8% during the second quarter. Russell Investments Group Ltd. now owns 26,303 shares of the company’s stock worth $263,000 after purchasing an additional 10,627 shares during the last quarter. Finally, RMR Capital Management LLC lifted its position in shares of HireQuest by 20.3% during the first quarter. RMR Capital Management LLC now owns 29,614 shares of the company’s stock worth $296,000 after purchasing an additional 5,000 shares during the last quarter. 12.00% of the stock is currently owned by institutional investors.

About HireQuest

HireQuest, Inc is a publicly traded holding company that provides equipment rental and workforce solutions across North America through two primary operating subsidiaries. Its Coast Equipment Rentals division offers a broad range of support equipment—such as pumps, trench safety systems, power and HVAC units, air compressors, light towers and generators—to the construction, industrial, municipal and environmental markets. Coast Equipment Rentals operates more than 135 branch locations in 36 U.S.