HireQuest, Inc. (NASDAQ:HQI – Get Free Report) Director R. Rimmy Malhotra acquired 2,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were purchased at an average cost of $12.29 per share, for a total transaction of $24,580.00. Following the completion of the acquisition, the director now directly owns 79,012 shares in the company, valued at $971,057.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
HireQuest Trading Up 1.5 %
Shares of HQI traded up $0.18 during midday trading on Wednesday, reaching $12.30. 9,758 shares of the stock were exchanged, compared to its average volume of 13,602. HireQuest, Inc. has a 52 week low of $11.40 and a 52 week high of $26.53. The company’s 50 day moving average is $12.62 and its two-hundred day moving average is $13.30. The company has a market capitalization of $172.20 million, a P/E ratio of 32.42 and a beta of 1.02.
HireQuest (NASDAQ:HQI – Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). HireQuest had a net margin of 14.06% and a return on equity of 9.23%. The company had revenue of $8.42 million for the quarter, compared to the consensus estimate of $8.89 million. On average, sell-side analysts expect that HireQuest, Inc. will post 0.54 EPS for the current year.
HireQuest Dividend Announcement
Institutional Investors Weigh In On HireQuest
A hedge fund recently bought a new stake in HireQuest stock. US Bancorp DE acquired a new position in HireQuest, Inc. (NASDAQ:HQI – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 133,333 shares of the company’s stock, valued at approximately $2,047,000. US Bancorp DE owned about 0.96% of HireQuest as of its most recent SEC filing. 12.00% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms recently weighed in on HQI. DA Davidson decreased their price target on HireQuest from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Barrington Research reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of HireQuest in a research report on Tuesday, May 28th.
Check Out Our Latest Research Report on HQI
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.
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