Insider Buying: Quest Resource Holding Co. (NASDAQ:QRHC) CEO Acquires $49,177.38 in Stock

Quest Resource Holding Co. (NASDAQ:QRHC) CEO Perry W. Moss purchased 16,338 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average cost of $3.01 per share, with a total value of $49,177.38. Following the completion of the acquisition, the chief executive officer now owns 257,933 shares of the company’s stock, valued at approximately $776,378.33. This trade represents a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Quest Resource Price Performance

Quest Resource stock opened at $2.82 on Friday. Quest Resource Holding Co. has a one year low of $2.61 and a one year high of $10.85. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.52 and a current ratio of 1.52. The business has a fifty day moving average of $4.81 and a two-hundred day moving average of $6.57. The company has a market cap of $58.11 million, a P/E ratio of -7.62, a price-to-earnings-growth ratio of 0.76 and a beta of 0.66.

Quest Resource (NASDAQ:QRHC) last released its earnings results on Wednesday, March 12th. The business services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). Quest Resource had a negative net margin of 2.74% and a positive return on equity of 3.11%. The business had revenue of $69.97 million during the quarter, compared to analyst estimates of $73.63 million. As a group, analysts predict that Quest Resource Holding Co. will post 0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in shares of Quest Resource in the third quarter valued at $116,000. Geode Capital Management LLC increased its position in shares of Quest Resource by 1.1% in the third quarter. Geode Capital Management LLC now owns 352,670 shares of the business services provider’s stock valued at $2,815,000 after buying an additional 3,731 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Quest Resource by 193.8% in the third quarter. JPMorgan Chase & Co. now owns 23,693 shares of the business services provider’s stock valued at $189,000 after buying an additional 15,628 shares in the last quarter. Barclays PLC increased its position in shares of Quest Resource by 44.9% in the third quarter. Barclays PLC now owns 26,463 shares of the business services provider’s stock valued at $211,000 after buying an additional 8,203 shares in the last quarter. Finally, Truist Financial Corp purchased a new position in shares of Quest Resource in the fourth quarter valued at $1,605,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on QRHC shares. Northland Securities set a $6.50 price target on Quest Resource in a report on Thursday, March 13th. StockNews.com downgraded Quest Resource from a “hold” rating to a “sell” rating in a report on Thursday, March 13th.

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.