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

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

Quest Resource Stock Up 3.7 %

QRHC traded up $0.11 during midday trading on Wednesday, reaching $3.05. 160,339 shares of the company were exchanged, compared to its average volume of 67,882. The company has a market cap of $62.85 million, a price-to-earnings ratio of -8.24, a price-to-earnings-growth ratio of 0.76 and a beta of 0.66. Quest Resource Holding Co. has a one year low of $2.61 and a one year high of $10.85. The company’s fifty day moving average price is $4.99 and its 200 day moving average price is $6.66. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.52 and a current ratio of 1.52.

Quest Resource (NASDAQ:QRHC) last announced its quarterly earnings results on Wednesday, March 12th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company 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, analysts expect that Quest Resource Holding Co. will post 0.09 EPS for the current year.

Institutional Trading of Quest Resource

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in Quest Resource during the third quarter worth about $116,000. Geode Capital Management LLC boosted its stake in shares of Quest Resource by 1.1% in the 3rd 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 during the last quarter. JPMorgan Chase & Co. increased its position in shares of Quest Resource by 193.8% during the third quarter. JPMorgan Chase & Co. now owns 23,693 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 15,628 shares during the last quarter. Barclays PLC increased its position in shares of Quest Resource by 44.9% during the third quarter. Barclays PLC now owns 26,463 shares of the business services provider’s stock valued at $211,000 after acquiring an additional 8,203 shares during the last quarter. Finally, Truist Financial Corp bought a new stake in Quest Resource during the fourth quarter worth $1,605,000. Institutional investors own 48.16% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.