Prescott Group Capital Management L.L.C. Boosts Stock Position in Quest Resource Holding Co. (NASDAQ:QRHC)

Prescott Group Capital Management L.L.C. increased its stake in shares of Quest Resource Holding Co. (NASDAQ:QRHC) by 10.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 66,078 shares of the business services provider’s stock after acquiring an additional 6,073 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Quest Resource were worth $430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QRHC. Raymond James Financial Inc. purchased a new position in shares of Quest Resource during the 4th quarter worth $68,000. BNP Paribas Financial Markets increased its position in Quest Resource by 62.0% during the third quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock worth $80,000 after purchasing an additional 3,850 shares during the last quarter. MetLife Investment Management LLC raised its stake in Quest Resource by 129.1% during the third quarter. MetLife Investment Management LLC now owns 10,285 shares of the business services provider’s stock worth $82,000 after purchasing an additional 5,795 shares during the period. Jane Street Group LLC acquired a new position in Quest Resource in the 3rd quarter valued at about $116,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Quest Resource in the 3rd quarter valued at approximately $148,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Quest Resource from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th.

Quest Resource Stock Up 1.8 %

Shares of NASDAQ:QRHC opened at $4.62 on Friday. The company has a market capitalization of $95.12 million, a price-to-earnings ratio of -12.49, a PEG ratio of 0.76 and a beta of 0.66. Quest Resource Holding Co. has a 12-month low of $4.31 and a 12-month high of $10.85. The business has a 50-day moving average price of $5.44 and a 200 day moving average price of $6.97. 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 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.