Wynnefield Partners Small Cap Acquires 44,887 Shares of Quest Resource Holding Co. (NASDAQ:QRHC) Stock

Quest Resource Holding Co. (NASDAQ:QRHCGet Rating) major shareholder Wynnefield Partners Small Cap acquired 44,887 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was acquired at an average cost of $4.90 per share, with a total value of $219,946.30. Following the purchase, the insider now directly owns 1,151,061 shares in the company, valued at approximately $5,640,198.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Wynnefield Partners Small Cap also recently made the following trade(s):

  • On Wednesday, April 6th, Wynnefield Partners Small Cap acquired 669 shares of Quest Resource stock. The stock was acquired at an average cost of $6.14 per share, with a total value of $4,107.66.
  • On Monday, April 4th, Wynnefield Partners Small Cap acquired 3,596 shares of Quest Resource stock. The stock was acquired at an average cost of $6.14 per share, with a total value of $22,079.44.
  • On Thursday, March 31st, Wynnefield Partners Small Cap acquired 774 shares of Quest Resource stock. The stock was acquired at an average cost of $6.13 per share, with a total value of $4,744.62.
  • On Friday, March 25th, Wynnefield Partners Small Cap purchased 1,464 shares of Quest Resource stock. The shares were purchased at an average cost of $6.23 per share, with a total value of $9,120.72.
  • On Wednesday, March 23rd, Wynnefield Partners Small Cap purchased 5,855 shares of Quest Resource stock. The shares were purchased at an average cost of $6.25 per share, with a total value of $36,593.75.

Shares of NASDAQ QRHC opened at $4.93 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.85. Quest Resource Holding Co. has a 12 month low of $3.16 and a 12 month high of $8.30. The firm has a market capitalization of $93.90 million, a PE ratio of 61.63, a price-to-earnings-growth ratio of 4.31 and a beta of 1.36. The firm has a fifty day simple moving average of $6.06 and a two-hundred day simple moving average of $6.20.

Quest Resource (NASDAQ:QRHCGet Rating) last issued its quarterly earnings data on Thursday, March 17th. The business services provider reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.12. Quest Resource had a net margin of 1.09% and a return on equity of 5.64%. The business had revenue of $46.39 million during the quarter, compared to analyst estimates of $36.91 million. During the same period in the prior year, the business earned $0.01 EPS. On average, sell-side analysts predict that Quest Resource Holding Co. will post 0.09 earnings per share for the current year.

QRHC has been the subject of several analyst reports. StockNews.com initiated coverage on shares of Quest Resource in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research cut shares of Quest Resource from a “buy” rating to a “hold” rating in a research report on Saturday, February 12th. Roth Capital reissued a “buy” rating on shares of Quest Resource in a research report on Friday, March 18th. Craig Hallum initiated coverage on shares of Quest Resource in a research report on Monday, February 14th. They set a “buy” rating and a $13.00 price target for the company. Finally, HC Wainwright restated a “buy” rating on shares of Quest Resource in a report on Friday, March 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $10.69.

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Quest Resource by 4.3% in the 4th quarter. BlackRock Inc. now owns 52,268 shares of the business services provider’s stock worth $362,000 after acquiring an additional 2,159 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in shares of Quest Resource by 629.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 9,040 shares of the business services provider’s stock worth $62,000 after acquiring an additional 7,800 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Quest Resource in the 2nd quarter worth about $73,000. Dimensional Fund Advisors LP increased its stake in shares of Quest Resource by 16.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 96,503 shares of the business services provider’s stock worth $670,000 after acquiring an additional 13,984 shares in the last quarter. Finally, Greenhaven Road Investment Management L.P. bought a new position in shares of Quest Resource in the 4th quarter worth about $168,000. Institutional investors own 41.89% of the company’s stock.

Quest Resource Company Profile (Get Rating)

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. It offers 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.

Further Reading

Insider Buying and Selling by Quarter for Quest Resource (NASDAQ:QRHC)

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