MetLife Investment Management LLC Boosts Stock Holdings in Quest Resource Holding Co. (NASDAQ:QRHC)

MetLife Investment Management LLC raised its holdings in Quest Resource Holding Co. (NASDAQ:QRHC) by 129.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,285 shares of the business services provider’s stock after purchasing an additional 5,795 shares during the period. MetLife Investment Management LLC’s holdings in Quest Resource were worth $82,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of Quest Resource by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 168,717 shares of the business services provider’s stock worth $1,484,000 after purchasing an additional 7,945 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Quest Resource in the second quarter worth about $406,000. Evernest Financial Advisors LLC purchased a new position in shares of Quest Resource in the third quarter worth about $260,000. Privium Fund Management B.V. increased its stake in shares of Quest Resource by 47.1% in the third quarter. Privium Fund Management B.V. now owns 27,800 shares of the business services provider’s stock worth $222,000 after purchasing an additional 8,900 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Quest Resource in the third quarter worth about $148,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.

Analyst Upgrades and Downgrades

QRHC has been the subject of several recent analyst reports. Northland Capmk raised shares of Quest Resource to a “strong-buy” rating in a research note on Tuesday, September 17th. StockNews.com raised shares of Quest Resource from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, Northland Securities initiated coverage on shares of Quest Resource in a research note on Tuesday, September 17th. They set an “outperform” rating and a $12.50 price objective for the company.

Quest Resource Price Performance

Shares of NASDAQ:QRHC opened at $6.95 on Wednesday. The company has a 50 day moving average of $7.63 and a 200 day moving average of $8.27. The stock has a market cap of $143.10 million, a P/E ratio of -18.78, a P/E/G ratio of 5.14 and a beta of 0.62. Quest Resource Holding Co. has a 12 month low of $6.01 and a 12 month high of $10.85. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.15.

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.