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 bought at an average price of $2.85 per share, with a total value of $14,250.00. Following the completion of the transaction, the director now owns 50,774 shares of the company’s stock, valued at $144,705.90. This represents a 10.92 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Quest Resource Price Performance

NASDAQ QRHC traded down $0.16 during trading hours on Monday, reaching $2.81. The company’s stock had a trading volume of 192,145 shares, compared to its average volume of 66,003. The firm has a market capitalization of $57.85 million, a price-to-earnings ratio of -7.59, a P/E/G ratio of 0.76 and a beta of 0.66. The company’s 50-day moving average is $5.12 and its two-hundred day moving average is $6.75. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.52 and a quick ratio of 1.52. Quest Resource Holding Co. has a 1-year low of $2.61 and a 1-year high of $10.85.

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

Hedge Funds Weigh In On Quest Resource

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new position in shares of Quest Resource during the 3rd quarter worth about $148,000. BNP Paribas Financial Markets raised its holdings in shares of Quest Resource by 62.0% during the third quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 3,850 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of Quest Resource by 129.1% in the third 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 in the last quarter. Needham Investment Management LLC acquired a new stake in shares of Quest Resource in the third quarter worth approximately $2,793,000. Finally, State Street Corp increased its position in shares of Quest Resource by 2.5% during the third quarter. State Street Corp now owns 175,345 shares of the business services provider’s stock worth $1,399,000 after purchasing an additional 4,235 shares in the last quarter. 48.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Quest Resource from a “hold” rating to a “sell” rating in a report on Thursday.

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.