Perry W. Moss Purchases 16,338 Shares of Quest Resource Holding Co. (NASDAQ:QRHC) Stock

Quest Resource Holding Co. (NASDAQ:QRHC) CEO Perry W. Moss acquired 16,338 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average price of $3.01 per share, with a total value of $49,177.38. Following the completion of the acquisition, the chief executive officer now owns 257,933 shares of the company’s stock, valued at $776,378.33. This represents a 6.76 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Quest Resource Stock Down 3.6 %

QRHC stock opened at $2.94 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.15. The business has a 50 day moving average price of $4.87 and a two-hundred day moving average price of $6.61. The company has a market cap of $60.58 million, a price-to-earnings ratio of -7.95, a P/E/G ratio of 0.76 and a beta of 0.66. Quest Resource Holding Co. has a twelve month low of $2.61 and a twelve month high of $10.85.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on QRHC. StockNews.com downgraded Quest Resource from a “hold” rating to a “sell” rating in a report on Thursday, March 13th. Northland Securities set a $6.50 price target on Quest Resource in a research note on Thursday, March 13th.

Institutional Trading of Quest Resource

Hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its position in shares of Quest Resource by 53.3% in the fourth quarter. Wells Fargo & Company MN now owns 8,143 shares of the business services provider’s stock valued at $53,000 after buying an additional 2,830 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Quest Resource in the fourth quarter valued at approximately $68,000. Greenhaven Road Investment Management L.P. acquired a new stake in shares of Quest Resource in the fourth quarter valued at approximately $72,000. BNP Paribas Financial Markets lifted its holdings in Quest Resource by 62.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock worth $80,000 after purchasing an additional 3,850 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Quest Resource by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 10,285 shares of the business services provider’s stock worth $82,000 after purchasing an additional 5,795 shares during the last quarter. 48.16% of the stock is owned by institutional investors and hedge funds.

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.