Quest Resource Holding Corporation. $QRHC Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. grew its position in Quest Resource Holding Corporation. (NASDAQ:QRHC) by 22.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,990 shares of the business services provider’s stock after acquiring an additional 9,647 shares during the period. Goldman Sachs Group Inc. owned about 0.25% of Quest Resource worth $135,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of QRHC. XTX Topco Ltd acquired a new position in shares of Quest Resource in the first quarter worth about $27,000. Cresset Asset Management LLC acquired a new position in shares of Quest Resource in the first quarter worth about $43,000. Nuveen LLC acquired a new position in shares of Quest Resource in the first quarter worth about $60,000. Chapin Davis Inc. acquired a new position in shares of Quest Resource in the first quarter worth about $78,000. Finally, Bank of America Corp DE increased its stake in shares of Quest Resource by 36.5% during the fourth quarter. Bank of America Corp DE now owns 15,356 shares of the business services provider’s stock worth $100,000 after purchasing an additional 4,104 shares in the last quarter. Institutional investors and hedge funds own 48.16% of the company’s stock.

Quest Resource Stock Performance

NASDAQ:QRHC opened at $1.56 on Tuesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $32.31 million, a price-to-earnings ratio of -1.29 and a beta of 0.29. The company’s 50-day moving average is $1.80 and its two-hundred day moving average is $2.14. Quest Resource Holding Corporation. has a 1-year low of $1.41 and a 1-year high of $8.52.

Quest Resource (NASDAQ:QRHC) last posted its earnings results on Monday, August 11th. The business services provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.08). The firm had revenue of $59.54 million during the quarter, compared to analyst estimates of $72.56 million. Quest Resource had a negative net margin of 9.34% and a negative return on equity of 13.12%. Analysts forecast that Quest Resource Holding Corporation. will post 0.09 EPS for the current year.

Insider Activity at Quest Resource

In related news, Director Daniel M. Friedberg acquired 17,232 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were purchased at an average cost of $1.60 per share, for a total transaction of $27,571.20. Following the acquisition, the director owned 2,842,353 shares in the company, valued at $4,547,764.80. The trade was a 0.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Lipstein acquired 15,000 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was bought at an average price of $1.70 per share, for a total transaction of $25,500.00. Following the completion of the acquisition, the director owned 37,500 shares in the company, valued at approximately $63,750. The trade was a 66.67% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 36,232 shares of company stock worth $60,351. Company insiders own 22.91% of the company’s stock.

Wall Street Analysts Forecast Growth

QRHC has been the subject of a number of research reports. Wall Street Zen cut shares of Quest Resource from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Northland Capmk cut shares of Quest Resource from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Zacks Research raised shares of Quest Resource to a “strong sell” rating in a research note on Tuesday, August 12th. Finally, Northland Securities cut shares of Quest Resource from an “outperform” rating to a “market perform” rating and set a $2.25 target price for the company. in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Quest Resource presently has an average rating of “Reduce” and an average price target of $2.25.

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.