Quest Resource Holding Co. (NASDAQ:QRHC) CEO Purchases $20,197.89 in Stock

Quest Resource Holding Co. (NASDAQ:QRHC) CEO S. Ray Hatch acquired 2,817 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was purchased at an average price of $7.17 per share, with a total value of $20,197.89. Following the purchase, the chief executive officer now owns 44,149 shares in the company, valued at approximately $316,548.33. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

S. Ray Hatch also recently made the following trade(s):

• On Tuesday, August 20th, S. Ray Hatch acquired 2,500 shares of Quest Resource stock. The shares were bought at an average cost of $8.07 per share, with a total value of $20,175.00.

Quest Resource Stock Down 3.0 %

Shares of Quest Resource stock traded down $0.22 during trading hours on Tuesday, reaching $7.05. 72,403 shares of the company were exchanged, compared to its average volume of 57,420. Quest Resource Holding Co. has a 1 year low of $6.01 and a 1 year high of $10.85. The firm has a market cap of $143.68 million, a PE ratio of -19.65, a PEG ratio of 1.74 and a beta of 0.66. 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’s fifty day moving average is $8.26 and its 200 day moving average is $8.68.

Hedge Funds Weigh In On Quest Resource

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC purchased a new stake in Quest Resource during the 2nd quarter worth about $34,000. Rhumbline Advisers purchased a new stake in shares of Quest Resource in the second quarter worth about $145,000. GSA Capital Partners LLP purchased a new stake in shares of Quest Resource during the third quarter valued at approximately $148,000. Russell Investments Group Ltd. boosted its holdings in Quest Resource by 453.5% in the first 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 during the last quarter. Finally, Privium Fund Management B.V. boosted its stake in Quest Resource by 72.6% during the 2nd quarter. Privium Fund Management B.V. now owns 18,900 shares of the business services provider’s stock valued at $168,000 after acquiring an additional 7,950 shares during the last quarter. Hedge funds and other institutional investors own 48.16% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Quest Resource

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.