Quest Resource Holding Co. (NASDAQ:QRHC) CEO Purchases $20,197.89 in Stock

Quest Resource Holding Co. (NASDAQ:QRHC) CEO S. Ray Hatch acquired 2,817 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were bought at an average cost of $7.17 per share, with a total value of $20,197.89. Following the purchase, the chief executive officer now owns 44,149 shares in the company, valued at approximately $316,548.33. The trade was a 6.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

S. Ray Hatch also recently made the following trade(s):

• On Tuesday, August 20th, S. Ray Hatch purchased 2,500 shares of Quest Resource stock. The shares were acquired at an average cost of $8.07 per share, with a total value of $20,175.00.

Quest Resource Price Performance

Shares of Quest Resource stock opened at $7.06 on Friday. The stock has a market capitalization of $145.37 million, a price-to-earnings ratio of -19.08, a PEG ratio of 5.27 and a beta of 0.66. Quest Resource Holding Co. has a 1-year low of $6.01 and a 1-year high of $10.85. The company has a current ratio of 1.52, a quick ratio of 1.49 and a debt-to-equity ratio of 1.15. The firm has a fifty day simple moving average of $8.21 and a 200-day simple moving average of $8.65.

Hedge Funds Weigh In On Quest Resource

Several large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in shares of Quest Resource by 62.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 3,850 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Quest Resource during the 2nd quarter worth $34,000. MetLife Investment Management LLC increased its stake in shares of Quest Resource by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 10,285 shares of the business services provider’s stock valued at $82,000 after acquiring an additional 5,795 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Quest Resource by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 168,717 shares of the business services provider’s stock worth $1,484,000 after purchasing an additional 7,945 shares in the last quarter. Finally, Privium Fund Management B.V. grew its stake in Quest Resource by 72.6% in the second quarter. Privium Fund Management B.V. now owns 18,900 shares of the business services provider’s stock valued at $168,000 after acquiring an additional 7,950 shares during the period. Institutional investors and hedge funds own 48.16% of the company’s stock.

Analyst Ratings Changes

QRHC has been the subject of a number of analyst reports. Northland Capmk raised Quest Resource to a “strong-buy” rating in a report on Tuesday, September 17th. StockNews.com cut shares of Quest Resource from a “hold” rating to a “sell” rating in a research report on Monday. Craig Hallum decreased their price objective on shares of Quest Resource from $15.00 to $13.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Northland Securities began coverage on shares of Quest Resource in a report on Tuesday, September 17th. They set an “outperform” rating and a $12.50 target price for the company.

Quest Resource Company Profile

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company provides disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes.