Quest Resource Holding Co. (NASDAQ:QRHC) Director Buys $14,250.00 in Stock

Quest Resource Holding Co. (NASDAQ:QRHC) Director S. Ray Hatch bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average price of $2.85 per share, for a total transaction of $14,250.00. Following the completion of the transaction, the director now owns 50,774 shares in the company, valued at $144,705.90. This trade represents a 10.92 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Quest Resource Trading Up 3.7 %

QRHC opened at $3.05 on Thursday. The stock has a market cap of $62.85 million, a PE ratio of -8.24, a price-to-earnings-growth ratio of 0.76 and a beta of 0.66. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.15. Quest Resource Holding Co. has a twelve month low of $2.61 and a twelve month high of $10.85. The company has a fifty day moving average of $4.93 and a 200-day moving average of $6.64.

Quest Resource (NASDAQ:QRHC) last announced its earnings results on Wednesday, March 12th. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The business had revenue of $69.97 million for the quarter, compared to the consensus estimate of $73.63 million. Quest Resource had a negative net margin of 2.74% and a positive return on equity of 3.11%. On average, sell-side analysts predict that Quest Resource Holding Co. will post 0.09 EPS for the current year.

Institutional Trading of Quest Resource

Several large investors have recently modified their holdings of QRHC. Wells Fargo & Company MN lifted its position in shares of Quest Resource by 53.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,143 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 2,830 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Quest Resource during the fourth quarter valued at about $68,000. Greenhaven Road Investment Management L.P. bought a new position in shares of Quest Resource during the 4th quarter worth about $72,000. BNP Paribas Financial Markets grew 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 buying an additional 3,850 shares during the period. Finally, MetLife Investment Management LLC increased its position in 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 buying an additional 5,795 shares in the last quarter. Institutional investors and hedge funds own 48.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Northland Securities set a $6.50 price target on shares of Quest Resource in a report on Thursday, March 13th. StockNews.com lowered Quest Resource from a “hold” rating to a “sell” rating in a research report on Thursday, March 13th.

About Quest Resource

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.