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 shares were purchased at an average cost of $3.01 per share, with a total value of $49,177.38. Following the completion of the purchase, the chief executive officer now owns 257,933 shares in the company, valued at $776,378.33. This represents a 6.76 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Quest Resource Stock Up 3.7 %
Shares of NASDAQ:QRHC opened at $3.05 on Thursday. Quest Resource Holding Co. has a 52 week low of $2.61 and a 52 week high of $10.85. 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 company has a market cap of $62.85 million, a PE ratio of -8.24, a price-to-earnings-growth ratio of 0.76 and a beta of 0.66. The firm has a 50 day simple moving average of $4.93 and a 200 day simple moving average of $6.64.
Quest Resource (NASDAQ:QRHC - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $69.97 million for the quarter, compared to analyst estimates 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 expect that Quest Resource Holding Co. will post 0.09 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Needham Investment Management LLC purchased a new position in shares of Quest Resource during the 3rd quarter valued at $2,793,000. Truist Financial Corp purchased a new position in Quest Resource in the fourth quarter valued at about $1,605,000. LPL Financial LLC increased its position in Quest Resource by 278.2% in the 4th quarter. LPL Financial LLC now owns 110,184 shares of the business services provider's stock worth $716,000 after purchasing an additional 81,050 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Quest Resource by 25.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 265,354 shares of the business services provider's stock worth $1,724,000 after purchasing an additional 54,282 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Quest Resource by 147.0% in the 4th quarter. JPMorgan Chase & Co. now owns 58,532 shares of the business services provider's stock valued at $380,000 after buying an additional 34,839 shares in the last quarter. Institutional investors and hedge funds own 48.16% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. Northland Securities set a $6.50 price target on shares of Quest Resource in a report on Thursday, March 13th. StockNews.com cut Quest Resource from a "hold" rating to a "sell" rating in a report on Thursday, March 13th.
View Our Latest Stock Analysis on QRHC
About Quest Resource
(
Get Free Report)
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.
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