Quest Resource Holding Co. (NASDAQ:QRHC) Director Glenn Culpepper Buys 2,000 Shares

Quest Resource Holding Co. (NASDAQ:QRHC - Get Free Report) Director Glenn Culpepper purchased 2,000 shares of the stock in a transaction on Monday, December 23rd. The shares were bought at an average price of $5.85 per share, for a total transaction of $11,700.00. Following the acquisition, the director now owns 6,000 shares of the company's stock, valued at approximately $35,100. The trade was a 50.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Quest Resource Stock Performance

QRHC stock traded up $0.31 on Thursday, reaching $6.20. 89,765 shares of the company were exchanged, compared to its average volume of 57,001. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.52 and a quick ratio of 1.52. Quest Resource Holding Co. has a 12 month low of $5.80 and a 12 month high of $10.85. The stock's fifty day moving average price is $7.23 and its 200 day moving average price is $8.06. The firm has a market capitalization of $127.65 million, a PE ratio of -16.76, a PEG ratio of 4.97 and a beta of 0.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in 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 worth $2,815,000 after buying an additional 3,731 shares in the last quarter. Needham Investment Management LLC acquired a new stake in shares of Quest Resource during the 3rd quarter worth approximately $2,793,000. State Street Corp increased 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 valued at $1,399,000 after purchasing an additional 4,235 shares during the period. Dimensional Fund Advisors LP raised its stake 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. Finally, Bank of New York Mellon Corp bought a new position in Quest Resource in the second quarter worth $406,000. Institutional investors own 48.16% of the company's stock.

Analyst Upgrades and Downgrades

QRHC has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Quest Resource from a "sell" rating to a "hold" rating in a research note on Tuesday, November 19th. Northland Capmk raised Quest Resource to a "strong-buy" rating in a research report on Tuesday, September 17th. Finally, Northland Securities started coverage on Quest Resource in a research report on Tuesday, September 17th. They set an "outperform" rating and a $12.50 price objective for the company.

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.