Dimensional Fund Advisors LP Boosts Holdings in Quest Resource Holding Co. (NASDAQ:QRHC)

Dimensional Fund Advisors LP increased its holdings in Quest Resource Holding Co. (NASDAQ:QRHC) by 4.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 168,717 shares of the business services provider’s stock after purchasing an additional 7,945 shares during the period. Dimensional Fund Advisors LP owned approximately 0.83% of Quest Resource worth $1,484,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Eagle Investment Management LLC boosted its stake in shares of Quest Resource by 2.7% during the 1st quarter. First Eagle Investment Management LLC now owns 356,398 shares of the business services provider’s stock valued at $3,058,000 after purchasing an additional 9,490 shares in the last quarter. North Star Investment Management Corp. bought a new stake in shares of Quest Resource during the 1st quarter valued at $1,287,000. Bank of New York Mellon Corp bought a new stake in shares of Quest Resource during the 2nd quarter valued at $406,000. Privium Fund Management B.V. grew its position 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 buying an additional 7,950 shares during the period. Finally, Russell Investments Group Ltd. increased 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 worth $158,000 after acquiring an additional 15,115 shares in the last quarter. Institutional investors own 48.16% of the company’s stock.

Insider Transactions at Quest Resource

In related news, COO David P. Sweitzer sold 22,593 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $8.00, for a total transaction of $180,744.00. Following the completion of the sale, the chief operating officer now directly owns 8,511 shares in the company, valued at approximately $68,088. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 22.84% of the company’s stock.

Quest Resource Price Performance

Shares of QRHC opened at $8.27 on Friday. The firm has a market cap of $167.51 million, a PE ratio of -29.54, a P/E/G ratio of 1.99 and a beta of 0.65. Quest Resource Holding Co. has a 1-year low of $6.01 and a 1-year high of $10.85. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.08. The firm has a fifty day simple moving average of $8.39 and a two-hundred day simple moving average of $8.82.

Quest Resource (NASDAQ:QRHC) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The firm had revenue of $73.15 million during 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%. On average, equities analysts anticipate that Quest Resource Holding Co. will post 0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on QRHC shares. Craig Hallum lowered their target price on shares of Quest Resource from $15.00 to $13.00 and set a “buy” rating for the company in a report on Friday, August 9th. StockNews.com upgraded Quest Resource from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Northland Securities began coverage on Quest Resource in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $12.50 target price on the stock. Finally, Northland Capmk raised Quest Resource to a “strong-buy” rating in a research report 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.