Privium Fund Management B.V. Purchases 8,900 Shares of Quest Resource Holding Co. (NASDAQ:QRHC)

Privium Fund Management B.V. increased its position in shares of Quest Resource Holding Co. (NASDAQ:QRHC) by 47.1% in the third quarter, Holdings Channel.com reports. The firm owned 27,800 shares of the business services provider’s stock after purchasing an additional 8,900 shares during the quarter. Privium Fund Management B.V.’s holdings in Quest Resource were worth $222,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in QRHC. Ashton Thomas Private Wealth LLC purchased a new position in shares of Quest Resource during the second quarter valued at approximately $34,000. Rhumbline Advisers bought a new stake in shares of Quest Resource during the 2nd quarter worth approximately $145,000. Russell Investments Group Ltd. boosted its holdings in Quest Resource by 453.5% during the 1st quarter. Russell Investments Group Ltd. now owns 18,448 shares of the business services provider’s stock valued at $158,000 after acquiring an additional 15,115 shares during the period. Evernest Financial Advisors LLC bought a new position in Quest Resource in the 3rd quarter valued at $260,000. Finally, Bank of New York Mellon Corp purchased a new stake in Quest Resource in the second quarter worth $406,000. 48.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Quest Resource news, COO David P. Sweitzer sold 22,593 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $8.00, for a total transaction of $180,744.00. Following the sale, the chief operating officer now owns 8,511 shares of the company’s stock, valued at approximately $68,088. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 22.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on QRHC. Northland Securities assumed coverage on shares of Quest Resource in a report on Tuesday, September 17th. They issued an “outperform” rating and a $12.50 price target on the stock. Northland Capmk upgraded shares of Quest Resource to a “strong-buy” rating in a research note on Tuesday, September 17th. StockNews.com raised shares of Quest Resource from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Finally, Craig Hallum lowered their price target on Quest Resource from $15.00 to $13.00 and set a “buy” rating for the company in a report on Friday, August 9th.

Quest Resource Stock Down 12.7 %

NASDAQ:QRHC opened at $7.18 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market cap of $146.25 million, a PE ratio of -19.39, a price-to-earnings-growth ratio of 1.98 and a beta of 0.66. The company has a 50-day moving average of $8.29 and a 200 day moving average of $8.70. Quest Resource Holding Co. has a 1-year low of $6.01 and a 1-year high of $10.85.

Quest Resource (NASDAQ:QRHC) last released its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The business had revenue of $73.15 million for the quarter, compared to the consensus estimate of $76.50 million. Quest Resource had a negative net margin of 2.29% and a positive return on equity of 5.61%. As a group, research analysts anticipate that Quest Resource Holding Co. will post 0.28 EPS for the current fiscal year.

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.