Quest Resource Holding Co. (NASDAQ:QRHC) Director Acquires $11,700.00 in Stock

Quest Resource Holding Co. (NASDAQ:QRHC) Director Glenn Culpepper acquired 2,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $5.85 per share, with a total value of $11,700.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at approximately $35,100. This trade represents a 50.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Quest Resource Trading Down 2.3 %

Shares of QRHC stock opened at $6.06 on Friday. Quest Resource Holding Co. has a twelve month low of $5.80 and a twelve month high of $10.85. The stock has a market cap of $124.76 million, a price-to-earnings ratio of -16.38, a PEG ratio of 4.97 and a beta of 0.62. The company’s 50-day moving average price is $7.14 and its 200-day moving average price is $8.02. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.15.

Analysts Set New Price Targets

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

Institutional Trading of Quest Resource

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its stake 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 buying an additional 3,850 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Quest Resource in the 2nd quarter worth approximately $34,000. Privium Fund Management B.V. boosted its position in shares of Quest Resource by 47.1% during the 3rd 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 during the period. Rhumbline Advisers purchased a new position in shares of Quest Resource during the 2nd quarter worth approximately $145,000. Finally, GSA Capital Partners LLP acquired a new stake in Quest Resource in the 3rd quarter valued at approximately $148,000. 48.16% of the stock is owned by institutional investors and hedge funds.

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.