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

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

Quest Resource Stock Up 3.7 %

Shares of QRHC opened at $3.05 on Thursday. The stock has a market capitalization of $62.85 million, a PE ratio of -8.24, a P/E/G ratio of 0.76 and a beta of 0.66. Quest Resource Holding Co. has a 12 month low of $2.61 and a 12 month high of $10.85. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.15. The firm’s 50 day moving average is $4.93 and its 200-day moving average is $6.64.

Quest Resource (NASDAQ:QRHC) last released its earnings results on Wednesday, March 12th. The business services provider reported ($0.09) earnings per share 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 company had revenue of $69.97 million for the quarter, compared to the consensus estimate of $73.63 million. Equities research analysts forecast that Quest Resource Holding Co. will post 0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Quest Resource

A number of large investors have recently bought and sold shares of the company. Needham Investment Management LLC boosted its position in shares of Quest Resource by 16.0% during the 4th quarter. Needham Investment Management LLC now owns 406,023 shares of the business services provider’s stock worth $2,639,000 after acquiring an additional 56,023 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Quest Resource by 36.5% in the 4th quarter. Bank of America Corp DE now owns 15,356 shares of the business services provider’s stock valued at $100,000 after purchasing an additional 4,104 shares in the last quarter. Northern Trust Corp increased its stake in shares of Quest Resource by 2.3% in the 4th quarter. Northern Trust Corp now owns 130,296 shares of the business services provider’s stock valued at $847,000 after purchasing an additional 2,881 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Quest Resource by 25.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 265,354 shares of the business services provider’s stock worth $1,724,000 after acquiring an additional 54,282 shares in the last quarter. Finally, Greenhaven Road Investment Management L.P. acquired a new stake in shares of Quest Resource in the 4th quarter valued at approximately $72,000. 48.16% of the stock is currently owned by institutional investors and hedge funds.

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.