GSA Capital Partners LLP Takes $148,000 Position in Quest Resource Holding Co. (NASDAQ:QRHC)

GSA Capital Partners LLP purchased a new position in Quest Resource Holding Co. (NASDAQ:QRHC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 18,534 shares of the business services provider’s stock, valued at approximately $148,000. GSA Capital Partners LLP owned about 0.09% of Quest Resource at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its stake 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 buying an additional 15,115 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Quest Resource in the 2nd quarter valued at about $406,000. 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 purchasing an additional 7,950 shares during the period. Rhumbline Advisers acquired a new stake in shares of Quest Resource in the second quarter valued at approximately $145,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Quest Resource during the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on QRHC. Northland Securities began coverage on Quest Resource in a research report on Tuesday, September 17th. They issued an “outperform” rating and a $12.50 target price on the stock. Craig Hallum decreased their target price on shares of Quest Resource from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Northland Capmk upgraded shares of Quest Resource to a “strong-buy” rating in a research report on Tuesday, September 17th. Finally, StockNews.com upgraded shares of Quest Resource from a “sell” rating to a “hold” rating in a report on Tuesday, November 19th.

Quest Resource Trading Up 0.4 %

Shares of QRHC stock opened at $7.21 on Tuesday. The stock has a 50-day simple moving average of $7.96 and a 200 day simple moving average of $8.45. The stock has a market capitalization of $148.45 million, a P/E ratio of -19.49, a P/E/G ratio of 5.32 and a beta of 0.66. Quest Resource Holding Co. has a fifty-two week low of $6.01 and a fifty-two week 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.

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.