Director Rimmy Malhotra buys 2,000 HQI shares at $12.29; stock down 56.0% from 52-week high, prior same-ticker buys both underwater.
Malhotra purchased 2,000 shares at $12.29 on 2024-06-24, increasing holdings from 77,012 to 79,012 shares. The stock has declined 56.0% from its 52-week high of $27.94 and is currently trading at $12.30, just above the transaction price. Malhotra's prior buy-side track record at HireQuest is notable: two prior buys on 2023-12-15 each generated negative 90-day returns of -25.8% and -25.2%, with 0 of 2 prior buys well-timed at the 90-day mark. His cross-ticker open-market history shows 2 prior buys with an average 90-day return of -25.5% and a 90-day win rate of 0.00%. This transaction occurs while HireQuest shows reasonable fundamentals—revenue of $8,419,000.00, net income of $1,619,000.00, annual revenue growth of +22.4%, and a P/E of 33.24—but enters a pattern of underwater positions at this ticker.