Quest Resource Holding Co. (NASDAQ:QRHC) Director S. Ray Hatch Acquires 5,000 Shares

Quest Resource Holding Co. (NASDAQ:QRHC) Director S. Ray Hatch acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average cost of $2.85 per share, with a total value of $14,250.00. Following the completion of the purchase, the director now owns 50,774 shares of the company’s stock, valued at $144,705.90. This trade represents a 10.92 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Quest Resource Stock Performance

QRHC stock opened at $2.81 on Tuesday. The business’s 50-day moving average price is $5.05 and its two-hundred day moving average price is $6.71. 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 firm has a market cap of $57.85 million, a PE ratio of -7.59, a P/E/G ratio of 0.76 and a beta of 0.66. Quest Resource Holding Co. has a 1-year low of $2.61 and a 1-year high of $10.85.

Quest Resource (NASDAQ:QRHC) last posted its earnings results on Wednesday, March 12th. The business services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The business had revenue of $69.97 million for 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, research analysts forecast that Quest Resource Holding Co. will post 0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Quest Resource from a “hold” rating to a “sell” rating in a research note on Thursday, March 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Needham Investment Management LLC lifted its holdings in shares of Quest Resource by 16.0% in the fourth quarter. Needham Investment Management LLC now owns 406,023 shares of the business services provider’s stock valued at $2,639,000 after purchasing an additional 56,023 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Quest Resource by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 356,781 shares of the business services provider’s stock valued at $2,319,000 after purchasing an additional 4,111 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Quest Resource by 25.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 265,354 shares of the business services provider’s stock valued at $1,724,000 after purchasing an additional 54,282 shares in the last quarter. Truist Financial Corp bought a new stake in shares of Quest Resource in the fourth quarter valued at about $1,605,000. Finally, State Street Corp lifted its holdings 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 in the last quarter. 48.16% of the stock is currently 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.