Quest Resource Holding Co. (NASDAQ:QRHC) CEO Perry W. Moss Buys 16,338 Shares

Quest Resource Holding Co. (NASDAQ:QRHC) CEO Perry W. Moss acquired 16,338 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost 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 $776,378.33. The trade was a 6.76 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Quest Resource Price Performance

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 stock has a market capitalization 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. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.15. 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) last announced its earnings results on Wednesday, March 12th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The firm had revenue of $69.97 million during the quarter, compared to analysts’ expectations of $73.63 million. Quest Resource had a negative net margin of 2.74% and a positive return on equity of 3.11%. On average, equities analysts predict that Quest Resource Holding Co. will post 0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on QRHC. Northland Securities set a $6.50 target price on Quest Resource in a research report on Thursday, March 13th. 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

A number of institutional investors have recently modified their holdings of QRHC. Wells Fargo & Company MN increased its position in shares of Quest Resource by 53.3% in the fourth quarter. Wells Fargo & Company MN now owns 8,143 shares of the business services provider’s stock valued at $53,000 after buying an additional 2,830 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Quest Resource in the 4th quarter worth about $68,000. Greenhaven Road Investment Management L.P. purchased a new stake in shares of Quest Resource during the 4th quarter valued at $72,000. BNP Paribas Financial Markets raised its holdings in Quest Resource by 62.0% in the third quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock valued at $80,000 after buying an additional 3,850 shares during the period. Finally, MetLife Investment Management LLC grew its stake in shares of Quest Resource by 129.1% in the third quarter. MetLife Investment Management LLC now owns 10,285 shares of the business services provider’s stock valued at $82,000 after buying an additional 5,795 shares in the last quarter. Institutional investors and hedge funds own 48.16% of the company’s stock.

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.