Quest Resource Holding Co. (NASDAQ:QRHC) CEO Acquires $49,177.38 in Stock

Quest Resource Holding Co. (NASDAQ:QRHC - Get Free Report) CEO Perry W. Moss purchased 16,338 shares of the firm's stock in a transaction on Monday, March 17th. The stock was bought at an average cost of $3.01 per share, for a total transaction of $49,177.38. Following the completion of the purchase, the chief executive officer now directly owns 257,933 shares in the company, valued at approximately $776,378.33. This trade represents a 6.76 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Quest Resource Stock Down 4.1 %

Quest Resource stock traded down $0.12 during mid-day trading on Friday, hitting $2.82. The company had a trading volume of 117,208 shares, compared to its average volume of 68,609. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.15. The stock's 50 day moving average price is $4.81 and its two-hundred day moving average price is $6.56. Quest Resource Holding Co. has a 12 month low of $2.61 and a 12 month high of $10.85. The company has a market capitalization of $58.11 million, a PE ratio of -7.62, a price-to-earnings-growth ratio of 0.76 and a beta of 0.66.

Quest Resource (NASDAQ:QRHC - Get Free Report) last released its earnings results on Wednesday, March 12th. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company had revenue of $69.97 million during the quarter, compared to the consensus estimate of $73.63 million. Quest Resource had a positive return on equity of 3.11% and a negative net margin of 2.74%. As a group, sell-side analysts anticipate that Quest Resource Holding Co. will post 0.09 earnings per share for the current fiscal year.

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Wall Street Analyst Weigh In

Several research firms have recently issued reports on QRHC. Northland Securities set a $6.50 target price on Quest Resource in a research note on Thursday, March 13th. StockNews.com lowered Quest Resource from a "hold" rating to a "sell" rating in a research report on Thursday, March 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP purchased a new stake in Quest Resource during the third quarter valued at $148,000. BNP Paribas Financial Markets increased its position in Quest Resource by 62.0% during the third quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider's stock valued at $80,000 after acquiring an additional 3,850 shares during the last quarter. MetLife Investment Management LLC increased its position in Quest Resource by 129.1% during the third quarter. MetLife Investment Management LLC now owns 10,285 shares of the business services provider's stock valued at $82,000 after acquiring an additional 5,795 shares during the last quarter. Needham Investment Management LLC purchased a new stake in Quest Resource during the third quarter valued at $2,793,000. Finally, State Street Corp increased its position in Quest Resource by 2.5% in the third quarter. State Street Corp now owns 175,345 shares of the business services provider's stock worth $1,399,000 after buying an additional 4,235 shares in the last quarter. 48.16% of the stock is owned by institutional investors.

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.