Quest Resource Holding Co. (NASDAQ:QRHC) COO David P. Sweitzer Sells 19,841 Shares

Quest Resource Holding Co. (NASDAQ:QRHC) COO David P. Sweitzer sold 19,841 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $8.40, for a total transaction of $166,664.40. Following the completion of the sale, the chief operating officer now owns 8,511 shares in the company, valued at $71,492.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Quest Resource Stock Up 1.4 %

Shares of NASDAQ:QRHC opened at $8.47 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $171.52 million, a P/E ratio of -30.25, a P/E/G ratio of 1.33 and a beta of 0.65. Quest Resource Holding Co. has a 52-week low of $6.01 and a 52-week high of $10.85. The stock’s fifty day simple moving average is $9.28 and its 200-day simple moving average is $8.04.

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

Analysts Set New Price Targets

Separately, Craig Hallum increased their price target on shares of Quest Resource from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, May 10th.

Institutional Trading of Quest Resource

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC purchased a new position in shares of Quest Resource during the 3rd quarter worth $39,000. Quadrature Capital Ltd purchased a new position in Quest Resource during the third quarter worth about $77,000. Russell Investments Group Ltd. boosted its stake in 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 buying an additional 15,115 shares during the last quarter. Ancora Advisors LLC purchased a new stake in Quest Resource in the 3rd quarter valued at about $283,000. Finally, North Star Investment Management Corp. acquired a new position in shares of Quest Resource during the 1st quarter valued at about $1,287,000. 48.16% of the stock is owned by hedge funds and other institutional investors.

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.