Quest Resource Holding Co. (NASDAQ:QRHC) CEO S. Ray Hatch Purchases 2,817 Shares

Quest Resource Holding Co. (NASDAQ:QRHC) CEO S. Ray Hatch purchased 2,817 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was purchased at an average cost of $7.17 per share, with a total value of $20,197.89. Following the acquisition, the chief executive officer now owns 44,149 shares in the company, valued at approximately $316,548.33. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

S. Ray Hatch also recently made the following trade(s):

• On Tuesday, August 20th, S. Ray Hatch acquired 2,500 shares of Quest Resource stock. The stock was bought at an average price of $8.07 per share, for a total transaction of $20,175.00.

Quest Resource Stock Performance

QRHC stock opened at $7.05 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.52 and a quick ratio of 1.49. Quest Resource Holding Co. has a twelve month low of $6.01 and a twelve month high of $10.85. The business’s fifty day moving average is $8.26 and its 200-day moving average is $8.68.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Northland Capmk upgraded Quest Resource to a “strong-buy” rating in a research note on Tuesday, September 17th. StockNews.com lowered shares of Quest Resource from a “hold” rating to a “sell” rating in a research report on Monday. Craig Hallum decreased their price target on Quest Resource from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Northland Securities began coverage on Quest Resource in a report on Tuesday, September 17th. They set an “outperform” rating and a $12.50 price objective for the company.

Institutional Trading of Quest Resource

Hedge funds have recently bought and sold shares of the stock. First Eagle Investment Management LLC boosted its stake in Quest Resource by 2.7% in the 1st quarter. First Eagle Investment Management LLC now owns 356,398 shares of the business services provider’s stock worth $3,058,000 after purchasing an additional 9,490 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Quest Resource by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 168,717 shares of the business services provider’s stock valued at $1,484,000 after purchasing an additional 7,945 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Quest Resource during the second quarter worth about $406,000. Evernest Financial Advisors LLC bought a new position in shares of Quest Resource during the third quarter worth about $260,000. Finally, Privium Fund Management B.V. lifted its stake in Quest Resource by 47.1% in the 3rd quarter. Privium Fund Management B.V. now owns 27,800 shares of the business services provider’s stock valued at $222,000 after acquiring an additional 8,900 shares in the last quarter. 48.16% of the stock is currently owned by institutional investors and hedge funds.

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.