Skylands Capital LLC Trims Stake in Quest Resource Holding Co. (NASDAQ:QRHC)

Skylands Capital LLC trimmed its position in shares of Quest Resource Holding Co. (NASDAQ:QRHC) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,314 shares of the business services provider’s stock after selling 4,060 shares during the period. Skylands Capital LLC owned about 1.06% of Quest Resource worth $1,413,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Quest Resource by 1.1% during 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 during the period. Needham Investment Management LLC bought a new position in Quest Resource in the 3rd quarter valued at $2,793,000. Truist Financial Corp bought a new position in Quest Resource in the 4th quarter valued at $1,605,000. State Street Corp lifted 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 during the last quarter. Finally, Privium Fund Management B.V. boosted its stake in shares of Quest Resource by 47.1% during the third quarter. Privium Fund Management B.V. now owns 27,800 shares of the business services provider’s stock valued at $222,000 after purchasing an additional 8,900 shares during the period. 48.16% of the stock is owned by hedge funds and other institutional investors.

Quest Resource Trading Up 2.5 %

NASDAQ:QRHC opened at $4.49 on Monday. The firm has a 50-day simple moving average of $5.74 and a 200-day simple moving average of $7.17. Quest Resource Holding Co. has a one year low of $4.31 and a one year high of $10.85. The firm has a market cap of $92.44 million, a P/E ratio of -12.13, a P/E/G ratio of 0.76 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.52 and a current ratio of 1.52.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Quest Resource from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th.

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.