Quest Resource Holding Co. (NASDAQ:QRHC) COO David P. Sweitzer Sells 11,185 Shares of Stock

Quest Resource Holding Co. (NASDAQ:QRHCGet Free Report) COO David P. Sweitzer sold 11,185 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $9.05, for a total value of $101,224.25. Following the sale, the chief operating officer now owns 16,226 shares of the company’s stock, valued at $146,845.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Quest Resource Price Performance

Shares of NASDAQ QRHC opened at $8.71 on Tuesday. The stock has a market capitalization of $176.20 million, a price-to-earnings ratio of -31.11, a price-to-earnings-growth ratio of 1.40 and a beta of 0.65. Quest Resource Holding Co. has a 52 week low of $5.65 and a 52 week high of $10.85. The firm has a 50-day simple moving average of $9.35 and a 200-day simple moving average of $7.85. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.03.

Quest Resource (NASDAQ:QRHCGet Free Report) last released its earnings results on Thursday, May 9th. The business services provider reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The business had revenue of $72.65 million for the quarter, compared to analyst estimates of $72.30 million. Quest Resource had a negative net margin of 2.06% and a positive return on equity of 6.70%. On average, equities analysts predict that Quest Resource Holding Co. will post 0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Quest Resource

A number of institutional investors have recently added to or reduced their stakes in QRHC. First Eagle Investment Management LLC increased its stake in shares of Quest Resource by 2.7% in the 1st quarter. First Eagle Investment Management LLC now owns 356,398 shares of the business services provider’s stock worth $3,058,000 after acquiring an additional 9,490 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Quest Resource by 453.5% in the first quarter. Russell Investments Group Ltd. now owns 18,448 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 15,115 shares during the period. North Star Investment Management Corp. acquired a new stake in Quest Resource during the first quarter worth about $1,287,000. Quadrature Capital Ltd purchased a new position in Quest Resource during the third quarter worth about $77,000. Finally, Ancora Advisors LLC acquired a new position in Quest Resource in the 3rd quarter valued at about $283,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Craig Hallum lifted their price target on Quest Resource from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, May 10th.

View Our Latest Stock Analysis on QRHC

About Quest Resource

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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.

Further Reading

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

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