Concurrent Investment Advisors LLC Buys New Holdings in HireQuest, Inc. (NASDAQ:HQI)

Concurrent Investment Advisors LLC purchased a new position in shares of HireQuest, Inc. (NASDAQ:HQI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,350 shares of the company’s stock, valued at approximately $147,000. Concurrent Investment Advisors LLC owned approximately 0.07% of HireQuest as of its most recent SEC filing.

Separately, Bank of New York Mellon Corp raised its holdings in 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. 12.00% of the stock is currently owned by hedge funds and other institutional investors.

HireQuest Stock Performance

Shares of HireQuest stock opened at $14.29 on Wednesday. The company has a market capitalization of $200.06 million, a P/E ratio of 132.64 and a beta of 1.02. HireQuest, Inc. has a 1 year low of $11.39 and a 1 year high of $17.31. The company’s fifty day moving average is $13.97 and its two-hundred day moving average is $13.26.

Analyst Upgrades and Downgrades

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

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.