David P. Sweitzer Sells 16,047 Shares of Quest Resource Holding Co. (NASDAQ:QRHC) Stock

Quest Resource Holding Co. (NASDAQ:QRHC) COO David P. Sweitzer sold 16,047 shares of Quest Resource stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $8.52, for a total value of $136,720.44. Following the sale, the chief operating officer now owns 8,511 shares of the company’s stock, valued at approximately $72,513.72. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Quest Resource Stock Up 2.8 %

Shares of NASDAQ:QRHC opened at $8.35 on Thursday. The stock’s 50-day moving average price is $9.30 and its two-hundred day moving average price is $8.04. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.46 and a quick ratio of 1.46. Quest Resource Holding Co. has a 12-month low of $5.91 and a 12-month high of $10.85.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Quest Resource

Hedge funds and other institutional investors have recently modified their holdings of the company. Wynnefield Capital Inc. lifted its stake in shares of Quest Resource by 1.0% in the 3rd quarter. Wynnefield Capital Inc. now owns 2,595,689 shares of the business services provider’s stock valued at $19,208,000 after purchasing an additional 24,955 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Quest Resource in the 3rd quarter valued at about $77,000. Barclays PLC acquired a new position in shares of Quest Resource in the 3rd quarter valued at about $39,000. Ancora Advisors LLC acquired a new position in shares of Quest Resource in the 3rd quarter valued at about $283,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Quest Resource by 453.5% in the 1st 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 in the last quarter. 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.