HireQuest Approves $20 Million Share Repurchase Program
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2025
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Source: Newsfilter
- Repurchase Program Launch: HireQuest's Board of Directors has approved a share repurchase program authorizing up to $20 million, set to commence soon and expire within 12 months, aimed at enhancing shareholder value and demonstrating confidence in the company's long-term strategy.
- Commitment to Capital Management: CEO Rick Hermanns stated that the share repurchase is the best and most efficient use of capital at this time, reflecting management's confidence in the company's future while providing capital returns to shareholders.
- Flexible Repurchase Methods: The program allows for share repurchases through various methods including open market purchases, privately negotiated transactions, and block purchases, with the timing and quantity of purchases dependent on market conditions and stock price, showcasing the company's operational flexibility.
- Future Growth Potential: Shares repurchased may be reissued for employee benefit plans and other corporate purposes, which not only helps boost employee morale but also potentially enhances the company's competitive position in the industry, fostering future business growth.
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Analyst Views on HQI
Wall Street analysts forecast HQI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HQI is 13.00 USD with a low forecast of 13.00 USD and a high forecast of 13.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 11.450
Low
13.00
Averages
13.00
High
13.00
Current: 11.450
Low
13.00
Averages
13.00
High
13.00
About HQI
HireQuest, Inc. is a franchisor of direct dispatch, executive search, and commercial staffing solutions for HireQuest Direct, HireQuest Health, MRINetwork, Snelling, and TradeCorp across the United States and international markets. The Company provides staffing solutions across industries, including construction, light industrial, healthcare, finance, manufacturing, cybersecurity, and engineering. HireQuest Direct focuses on daily work/daily pay jobs primarily for construction and light industrial customers. TradeCorp focuses on short-term skilled construction jobs. HireQuest Health specializes in skilled personnel in the healthcare and dental industries. Snelling and HireQuest focus on longer-term staffing positions in the light industrial and administrative arenas. Northbound, MRI, SearchPath, and Sales Consultants focus on executive, managerial, and professional recruitment services, although they also offer short-term consultant services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
HireQuest Approves $20 Million Share Repurchase Program
- Repurchase Program Launch: HireQuest's Board of Directors has approved a share repurchase program authorizing up to $20 million, set to commence soon and expire within 12 months, aimed at enhancing shareholder value and demonstrating confidence in the company's long-term strategy.
- Commitment to Capital Management: CEO Rick Hermanns stated that the share repurchase is the best and most efficient use of capital at this time, reflecting management's confidence in the company's future while providing capital returns to shareholders.
- Flexible Repurchase Methods: The program allows for share repurchases through various methods including open market purchases, privately negotiated transactions, and block purchases, with the timing and quantity of purchases dependent on market conditions and stock price, showcasing the company's operational flexibility.
- Future Growth Potential: Shares repurchased may be reissued for employee benefit plans and other corporate purposes, which not only helps boost employee morale but also potentially enhances the company's competitive position in the industry, fostering future business growth.
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2026 U.S. Labor Market Outlook: HireQuest Predicts a Year of Reset, Reallocation and Stabilization
2026 Labor Market Outlook: The labor market is expected to stabilize in 2026, with a focus on skilled work and flexible contract roles, as employer and employee demands align more closely.
Key Trends Influencing Hiring: Factors such as AI and automation, reshoring, and economic shifts are shaping hiring practices, with a notable rise in demand for skilled roles in manufacturing, healthcare, and technology.
Worker Preferences: Workers are prioritizing local job opportunities and flexibility over relocation, with a significant number of staffing offices reporting stable or improved fill rates.
Sector-Specific Growth: Growth is anticipated in sectors requiring human skills, particularly in manufacturing, healthcare, and logistics, while administrative roles may see slower growth due to automation.
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