Quest Resource Holding Co. (NASDAQ:QRHC) Chief Financial Officer Laurie L. Latham sells 8,730 shares

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Quest Resource Holding Co. (NASDAQ: QRHC – Get a rating) Chief Financial Officer Laurie L. Latham sold 8,730 shares of the company in a trade on Monday, August 29. The stock was sold at an average price of $7.01, for a total value of $61,197.30. Following the transaction, the CFO now owns 11,421 shares of the company, valued at approximately $80,061.21. The transaction was disclosed in an SEC filing, which is available via the SEC website.

Quest resource exchange down 0.7%

Shares of QRHC traded down $0.05 during trading hours on Tuesday, hitting $6.95. The company’s stock had a trading volume of 48,138 shares, compared to an average volume of 46,853. The company’s 50-day simple moving average is $4.68 and its 200-day simple moving average is $5.35. Quest Resource Holding Co. has a fifty-two week low of $3.60 and a fifty-two week high of $8.30. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt ratio of 0.91.

Quest Resource (NASDAQ:QRHC – Get a rating) last released its quarterly earnings data on Monday, August 15. The business services provider reported earnings per share of $0.19 for the quarter, beating the consensus estimate of $0.05 by $0.14. Quest Resource posted a positive return on equity of 10.36% and a negative net margin of 0.51%. The company posted revenue of $76.91 million for the quarter, versus a consensus estimate of $72.63 million. As a group, research analysts predict Quest Resource Holding Co. will post EPS of 0.39 for the current year.

Analyst upgrades and downgrades

Separately, StockNews.com began covering Quest Resource in a report on Wednesday, August 24. They issued a “hold” rating on the stock.

Institutional investors weigh in on Quest Resource

Several hedge funds have recently changed their holdings in the company. Wynnefield Capital Inc. increased its equity stake in Quest Resource by 2.7% during the 1st quarter. Wynnefield Capital Inc. now owns 2,363,763 shares of the business services provider valued at $14,537,000 after acquiring an additional 62,000 shares last quarter. Renaissance Technologies LLC increased its position in Quest Resource by 22.2% during the 4th quarter. Renaissance Technologies LLC now owns 464,692 shares of the business services provider worth $3,225,000 after buying an additional 84,400 shares in the last quarter. Skylands Capital LLC increased its position in Quest Resource by 4.4% during the 2nd quarter. Skylands Capital LLC now owns 311,835 shares of the business services provider worth $1,275,000 after buying an additional 13,162 shares in the last quarter. Victory Capital Management Inc. raised its position in Quest Resource by 23.4% during the 1st quarter. Victory Capital Management Inc. now owns 286,380 shares of the business services provider worth $1,761,000 after buying an additional 54,259 shares in the last quarter. Finally, EAM Investors LLC increased its position in Quest Resource by 1.3% during the 1st quarter. EAM Investors LLC now owns 191,912 shares of the business services provider worth $1,180,000 after buying an additional 2,514 shares in the last quarter. Institutional investors and hedge funds hold 47.47% of the company’s shares.

About the Quest Resource

(Get a rating)

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling and disposal of various waste streams and recyclable materials in the United States. It offers disposal and recycling services for motor oil and automotive lubricants, oil filters, used tires, oily water, destruction of goods, food scraps, rendered meat, waste cooking and grease trap oil, plastics, cardboard, metal, glass, mixed paper, construction debris, and a wide variety of regulated and unregulated solid, liquid and gaseous wastes.

See also

Insider buying and selling by quarter for Quest Resource (NASDAQ:QRHC)

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