HireQuest (HQI)

• Market cap: $201M
• 1 day: 2.14%
• 5 days: -2.92%
• 1 month: -1.17%
• 3 months: -1.51%
• 6 months: 16.82%
• Year to date: -3.90%
• 1 year: -11.06%
• 5 years: 116.49%
• 10 years: 155.54%
• Sector: Industrials
• Industry: Help Supply Services

About: HireQuest Inc is a nationwide franchisor of offices providing direct-dispatch, executive search, and commercial staffing solutions in the light industrial and blue-collar segments of the staffing industry and traditional commercial staffing. The company's franchisees provide various types of temporary personnel through two business models operating under the trade names HireQuest Direct, HireQuest, Snelling, DriverQuest, HireQuest Health, Northbound Executive Search, and MRI. The primary source of revenue for the company is royalty fees based on the operation of its franchised offices.

Employees: 80,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

350% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 2

70% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 10

18% more capital invested

Capital invested by funds: $21.1M [Q2] → $25M (+$3.85M) [Q3]

17% more funds holding

Funds holding: 42 [Q2] → 49 (+7) [Q3]

0.38% more ownership

Funds ownership: 12.22% [Q2] → 12.6% (+0.38%) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $18 26% upside
• Avg. target: $18 26% upside
• High target: $18 26% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Barrington Research Kevin Steinke 59% 1-year accuracy 37 / 63 met price target

26% upside $18

Outperform Maintained

15 Nov 2024