Bank of New York Mellon Corp Buys 26,913 Shares of HireQuest, Inc. (NASDAQ:HQI)

Bank of New York Mellon Corp lifted its holdings in shares of HireQuest, Inc. (NASDAQ:HQI - Free Report) by 31.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,488 shares of the company's stock after buying an additional 26,913 shares during the period. Bank of New York Mellon Corp owned about 0.80% of HireQuest worth $1,579,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Barclays PLC increased its stake in shares of HireQuest by 288.2% during the 3rd quarter. Barclays PLC now owns 7,837 shares of the company's stock worth $110,000 after purchasing an additional 5,818 shares during the last quarter. JPMorgan Chase & Co. raised its stake in HireQuest by 233.4% in the third quarter. JPMorgan Chase & Co. now owns 9,932 shares of the company's stock valued at $141,000 after buying an additional 6,953 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of HireQuest by 16.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,229 shares of the company's stock valued at $230,000 after buying an additional 2,256 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of HireQuest by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 131,394 shares of the company's stock worth $1,861,000 after acquiring an additional 5,007 shares during the period. Institutional investors own 12.00% of the company's stock.

HireQuest Trading Down 0.2 %

Shares of NASDAQ:HQI traded down $0.03 on Wednesday, hitting $13.18. The company had a trading volume of 5,988 shares, compared to its average volume of 14,371. The stock has a market cap of $184.52 million, a price-to-earnings ratio of 119.82 and a beta of 1.03. The stock has a 50 day moving average price of $13.61 and a 200 day moving average price of $13.96. HireQuest, Inc. has a 1-year low of $11.39 and a 1-year high of $15.75.

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HireQuest Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Monday, March 3rd. HireQuest's dividend payout ratio is currently 218.18%.

HireQuest 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.