RMR Capital Management LLC Cuts Stake in HireQuest, Inc. (NASDAQ:HQI)

RMR Capital Management LLC trimmed its holdings in HireQuest, Inc. (NASDAQ:HQI) by 15.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 63,886 shares of the company’s stock after selling 11,444 shares during the quarter. RMR Capital Management LLC owned about 0.46% of HireQuest worth $905,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC bought a new stake in shares of HireQuest in the 3rd quarter valued at about $147,000. Bank of New York Mellon Corp increased its position 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 in the last quarter. Finally, Vanguard Group Inc. boosted its stake in HireQuest by 0.9% during the first 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 last quarter. 12.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HQI has been the subject of a number of research reports. Barrington Research lifted their price objective on HireQuest from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. DA Davidson reissued a “buy” rating and issued a $19.00 price objective on shares of HireQuest in a research report on Friday, August 9th.

HireQuest Stock Down 0.9 %

NASDAQ:HQI traded down $0.13 during midday trading on Tuesday, reaching $14.59. The stock had a trading volume of 1,974 shares, compared to its average volume of 13,750. HireQuest, Inc. has a 12-month low of $11.39 and a 12-month high of $17.31. The stock has a market cap of $204.26 million, a P/E ratio of 133.82 and a beta of 1.02. The firm has a fifty day simple moving average of $13.97 and a two-hundred day simple moving average of $13.26.

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.