Quest Resource Holding Co. (NASDAQ:QRHC) COO David P. Sweitzer Sells 16,047 Shares

Quest Resource Holding Co. (NASDAQ:QRHC) COO David P. Sweitzer sold 16,047 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $8.52, for a total value of $136,720.44. Following the completion of the transaction, the chief operating officer now owns 8,511 shares in the company, valued at $72,513.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Quest Resource Stock Down 2.8 %

NASDAQ:QRHC opened at $8.12 on Wednesday. Quest Resource Holding Co. has a 1 year low of $5.90 and a 1 year high of $10.85. The stock has a 50-day moving average price of $9.30 and a two-hundred day moving average price of $8.04. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.46 and a quick ratio of 1.46.

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

Institutional Investors Weigh In On Quest Resource

Several large investors have recently made changes to their positions in QRHC. Wynnefield Capital Inc. lifted its position in Quest Resource by 1.0% in the 3rd quarter. Wynnefield Capital Inc. now owns 2,595,689 shares of the business services provider’s stock valued at $19,208,000 after acquiring an additional 24,955 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Quest Resource in the 3rd quarter valued at about $77,000. Barclays PLC bought a new stake in shares of Quest Resource in the third quarter valued at about $39,000. Ancora Advisors LLC acquired a new position in shares of Quest Resource during the third quarter worth about $283,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Quest Resource by 453.5% during the first 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 in the last quarter. Institutional investors own 48.16% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.