Perry W. Moss Buys 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 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 transaction, the chief executive officer now owns 257,933 shares of the company’s stock, valued at approximately $776,378.33. This trade represents a 6.76 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Quest Resource Stock Performance

NASDAQ QRHC traded up $0.11 during trading on Wednesday, hitting $3.05. 160,339 shares of the company’s stock traded hands, compared to its average volume of 67,882. The stock has a market capitalization of $62.85 million, a price-to-earnings ratio of -8.24, a PEG ratio of 0.76 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.52 and a current ratio of 1.52. The business has a 50 day moving average of $4.99 and a 200-day moving average of $6.66. Quest Resource Holding Co. has a 12-month low of $2.61 and a 12-month high of $10.85.

Quest Resource (NASDAQ:QRHC) last announced its quarterly earnings results on Wednesday, March 12th. The business services provider reported ($0.09) 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 for the quarter, compared to analysts’ expectations of $73.63 million. As a group, equities research analysts anticipate that Quest Resource Holding Co. will post 0.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

QRHC has been the subject of several research analyst reports. StockNews.com lowered shares of Quest Resource from a “hold” rating to a “sell” rating in a research note on Thursday, March 13th. Northland Securities set a $6.50 target price on Quest Resource in a research report on Thursday, March 13th.

Hedge Funds Weigh In On Quest Resource

A number of large investors have recently made changes to their positions in the stock. Needham Investment Management LLC bought a new stake in shares of Quest Resource during the 3rd quarter valued at $2,793,000. Truist Financial Corp bought a new stake in shares of Quest Resource during the fourth quarter valued at about $1,605,000. LPL Financial LLC lifted its holdings in shares of Quest Resource by 278.2% in the fourth quarter. LPL Financial LLC now owns 110,184 shares of the business services provider’s stock worth $716,000 after buying an additional 81,050 shares in the last quarter. Dimensional Fund Advisors LP boosted its position 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 acquiring an additional 54,282 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Quest Resource by 147.0% in the fourth quarter. JPMorgan Chase & Co. now owns 58,532 shares of the business services provider’s stock valued at $380,000 after acquiring an additional 34,839 shares during the period. 48.16% of the stock is owned by institutional investors.

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.