Director Jack A. Olmstead buys 5,000 HQI shares at $12.90; stock down 34.1% from 52-week high, prior buys at this ticker showed poor 90-day timing.
Director Jack A. Olmstead purchased 5,000 shares of HireQuest at $12.90 on 2024-08-22, increasing his holdings by 8.1% to 66,894 shares total. The purchase occurs with HireQuest trading at $12.93 (current), down 34.1% from its 52-week high of $19.62 and negative across both 30-day (-5.5%) and 90-day (-1.2%) periods. His prior trades at HireQuest show a poor timing track record: a buy on 2023-11-14 ultimately returned -1.8% over 90 days, and a buy on 2023-08-15 returned -36.3% over 90 days—0 of 2 prior buys at this ticker were well-timed at the 90-day mark. HireQuest reports fundamentals of $8.7M revenue (latest quarter), $2.0M net income, 22.4% annual revenue growth, and a P/E of 34.95, but the company carries a high valuation relative to recent insider purchase timing success.