Rice Hall James & Associates LLC Lowers Holdings in Quest Resource Holding Co. (NASDAQ:QRHC)

Rice Hall James & Associates LLC trimmed its position in Quest Resource Holding Co. (NASDAQ:QRHC) by 14.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 272,264 shares of the business services provider’s stock after selling 45,742 shares during the period. Rice Hall James & Associates LLC’s holdings in Quest Resource were worth $1,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in Quest Resource by 1.1% in the 3rd 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 last quarter. Needham Investment Management LLC purchased a new stake in Quest Resource during the third quarter worth $2,793,000. Truist Financial Corp purchased a new position in Quest Resource during the 4th quarter valued at about $1,605,000. State Street Corp grew its position in shares of Quest Resource by 2.5% in the third quarter. State Street Corp now owns 175,345 shares of the business services provider’s stock valued at $1,399,000 after purchasing an additional 4,235 shares during the last quarter. Finally, Evernest Financial Advisors LLC acquired a new stake in Quest Resource during the 3rd quarter valued at $260,000. 48.16% of the stock is currently owned by hedge funds and other institutional investors.

Quest Resource Price Performance

Shares of QRHC opened at $4.58 on Wednesday. The stock has a fifty day moving average of $5.93 and a two-hundred day moving average of $7.27. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.15. Quest Resource Holding Co. has a fifty-two week low of $4.31 and a fifty-two week high of $10.85.

Analyst Upgrades and Downgrades

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