B. Riley Wealth Advisors Inc. Cuts Stock Holdings in Quest Resource Holding Co. (NASDAQ:QRHC)

B. Riley Wealth Advisors Inc. reduced its stake in Quest Resource Holding Co. (NASDAQ:QRHC) by 26.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,000 shares of the business services provider’s stock after selling 5,100 shares during the quarter. B. Riley Wealth Advisors Inc. owned about 0.07% of Quest Resource worth $123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Quest Resource during the 2nd quarter valued at $34,000. Rhumbline Advisers purchased a new stake in Quest Resource during the second quarter valued at about $145,000. Russell Investments Group Ltd. lifted its stake in Quest Resource by 453.5% during the first quarter. Russell Investments Group Ltd. now owns 18,448 shares of the business services provider’s stock worth $158,000 after purchasing an additional 15,115 shares during the last quarter. Privium Fund Management B.V. boosted its holdings in shares of Quest Resource by 72.6% in the 2nd quarter. Privium Fund Management B.V. now owns 18,900 shares of the business services provider’s stock worth $168,000 after purchasing an additional 7,950 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Quest Resource during the 2nd quarter valued at about $406,000. 48.16% of the stock is currently owned by institutional investors.

Quest Resource Stock Performance

Shares of QRHC stock opened at $8.20 on Friday. The company has a market capitalization of $166.09 million, a P/E ratio of -29.29, a PEG ratio of 1.89 and a beta of 0.65. Quest Resource Holding Co. has a fifty-two week low of $6.01 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a 50 day moving average price of $8.39 and a two-hundred day moving average price of $8.82.

Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The firm had revenue of $73.15 million for the quarter, compared to the consensus estimate of $76.50 million. Quest Resource had a negative net margin of 2.29% and a positive return on equity of 5.61%. Analysts expect that Quest Resource Holding Co. will post 0.28 earnings per share for the current year.

Insider Transactions at Quest Resource

In other Quest Resource news, COO David P. Sweitzer sold 22,593 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $8.00, for a total transaction of $180,744.00. Following the completion of the transaction, the chief operating officer now owns 8,511 shares of the company’s stock, valued at $68,088. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 22.84% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

QRHC has been the subject of several research reports. StockNews.com raised Quest Resource from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Craig Hallum cut their price objective on shares of Quest Resource from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Northland Securities assumed coverage on shares of Quest Resource in a report on Tuesday, September 17th. They set an “outperform” rating and a $12.50 target price on the stock. Finally, Northland Capmk raised shares of Quest Resource to a “strong-buy” rating in a research note on Tuesday, September 17th.

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.