HireQuest (NASDAQ:HQI) Shares Down 1.3% - Should You Sell?

HireQuest, Inc. (NASDAQ:HQI - Get Free Report)'s stock price fell 1.3% during trading on Monday . The company traded as low as $14.31 and last traded at $14.66. 19,177 shares were traded during trading, an increase of 32% from the average session volume of 14,478 shares. The stock had previously closed at $14.86.

Analyst Ratings Changes

Separately, Barrington Research upped their price objective on HireQuest from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Friday, November 15th.

HireQuest Price Performance

The stock has a market capitalization of $209.02 million, a price-to-earnings ratio of 133.27 and a beta of 1.04. The stock has a 50-day moving average of $14.22 and a 200 day moving average of $13.57.

HireQuest Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Monday, December 2nd. HireQuest's dividend payout ratio (DPR) is 218.18%.

Institutional Trading of HireQuest

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its stake 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. Charles Schwab Investment Management Inc. boosted its holdings in HireQuest by 16.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,229 shares of the company's stock worth $230,000 after buying an additional 2,256 shares during the last quarter. Vanguard Group Inc. grew its position in shares of HireQuest by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 267,461 shares of the company's stock worth $3,464,000 after buying an additional 2,490 shares during the period. Geode Capital Management LLC increased its stake in shares of HireQuest by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 131,394 shares of the company's stock valued at $1,861,000 after acquiring an additional 5,007 shares during the last quarter. Finally, Barclays PLC raised its position in shares of HireQuest by 288.2% in the 3rd quarter. Barclays PLC now owns 7,837 shares of the company's stock valued at $110,000 after acquiring an additional 5,818 shares during the period. Institutional investors own 12.00% of the company's stock.

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.