Glenn Culpepper Purchases 2,000 Shares of Quest Resource Holding Co. (NASDAQ:QRHC) Stock

Quest Resource Holding Co. (NASDAQ:QRHC) Director Glenn Culpepper acquired 2,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $5.85 per share, with a total value of $11,700.00. Following the purchase, the director now directly owns 6,000 shares in the company, valued at $35,100. This represents a 50.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Quest Resource Stock Performance

Shares of Quest Resource stock traded up $0.31 during trading hours on Thursday, reaching $6.20. 89,765 shares of the stock traded hands, compared to its average volume of 57,001. The company has a 50 day moving average price of $7.23 and a 200 day moving average price of $8.06. Quest Resource Holding Co. has a one year low of $5.80 and a one year high of $10.85. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $127.65 million, a price-to-earnings ratio of -16.76, a P/E/G ratio of 4.97 and a beta of 0.62.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on QRHC shares. Northland Capmk upgraded shares of Quest Resource to a “strong-buy” rating in a research report on Tuesday, September 17th. Northland Securities initiated coverage on Quest Resource in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $12.50 target price for the company. Finally, StockNews.com upgraded Quest Resource from a “sell” rating to a “hold” rating in a report on Tuesday, November 19th.

Institutional Trading of Quest Resource

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its stake in shares of Quest Resource by 62.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock worth $80,000 after purchasing an additional 3,850 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Quest Resource in the second quarter worth about $34,000. Privium Fund Management B.V. raised its stake in shares of Quest Resource by 47.1% in the third quarter. Privium Fund Management B.V. now owns 27,800 shares of the business services provider’s stock worth $222,000 after buying an additional 8,900 shares during the period. Rhumbline Advisers purchased a new position in shares of Quest Resource during the 2nd quarter valued at about $145,000. Finally, GSA Capital Partners LLP bought a new position in shares of Quest Resource during the 3rd quarter valued at approximately $148,000. 48.16% of the stock is owned by hedge funds and other institutional investors.

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.