Greenhaven Road Investment Management L.P. Makes New $72,000 Investment in Quest Resource Holding Co. (NASDAQ:QRHC)

Greenhaven Road Investment Management L.P. bought a new position in Quest Resource Holding Co. (NASDAQ:QRHC) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,054 shares of the business services provider’s stock, valued at approximately $72,000. Quest Resource makes up about 0.0% of Greenhaven Road Investment Management L.P.’s portfolio, making the stock its 17th largest holding. Greenhaven Road Investment Management L.P. owned about 0.05% of Quest Resource as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in shares of Quest Resource by 53.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,143 shares of the business services provider’s stock worth $53,000 after acquiring an additional 2,830 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Quest Resource by 62.0% in the third quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock worth $80,000 after buying an additional 3,850 shares during the last quarter. Raymond James Financial Inc. bought a new position in Quest Resource during the fourth quarter valued at approximately $68,000. Jane Street Group LLC acquired a new stake in Quest Resource in the third quarter valued at approximately $116,000. Finally, Avanza Fonder AB acquired a new position in shares of Quest Resource during the 4th quarter worth $150,000. 48.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Quest Resource

In other news, CEO Perry W. Moss acquired 16,338 shares of Quest Resource stock in a transaction on Monday, March 17th. The stock was bought at an average price of $3.01 per share, for a total transaction of $49,177.38. Following the transaction, the chief executive officer now owns 257,933 shares of the company’s stock, valued at $776,378.33. The trade was a 6.76 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders purchased 23,912 shares of company stock worth $71,046. Company insiders own 22.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on QRHC shares. StockNews.com cut shares of Quest Resource from a “hold” rating to a “sell” rating in a report on Thursday, March 13th. Northland Securities set a $6.50 price objective on Quest Resource in a research note on Thursday, March 13th.

Quest Resource Stock Up 8.7 %

QRHC stock opened at $2.25 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.52 and a quick ratio of 1.52. The company has a 50-day moving average of $3.46 and a two-hundred day moving average of $5.71. The stock has a market capitalization of $46.36 million, a price-to-earnings ratio of -6.08, a price-to-earnings-growth ratio of 0.76 and a beta of 0.47. Quest Resource Holding Co. has a 52-week low of $1.91 and a 52-week high of $10.85.

Quest Resource (NASDAQ:QRHC) last issued its quarterly earnings results on Wednesday, March 12th. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The business had revenue of $69.97 million during the quarter, compared to the consensus estimate of $73.63 million. Quest Resource had a positive return on equity of 3.11% and a negative net margin of 2.74%. As a group, equities research analysts anticipate that Quest Resource Holding Co. will post 0.09 EPS for the current year.

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.