Quest Resource Holding Co. (NASDAQ: QRHC – Get a rating) Manager Ronald L. Jr. Miller sold 12,991 shares in a trade on Tuesday, June 7. The shares were sold at an average price of $4.70, for a total value of $61,057.70. Following the transaction, the director now directly owns 975 shares of the company, valued at $4,582.50. The sale was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website.
NASDAQ: QRHC traded down $0.22 during Thursday trading hours, hitting $4.36. 12,198 shares of the company were traded, compared to its average volume of 50,888. Quest Resource Holding Co. has a 52-week low of $4.28 and a 52-week high of $8.30. The company’s fifty-day simple moving average is $5.35 and its two-hundred-day simple moving average is $6.04. The company has a debt ratio of 0.92, a current ratio of 1.30 and a quick ratio of 1.30.
Quest resource (NASDAQ: QRHC – Get a rating) last released its quarterly earnings data on Monday, May 16. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 per ($0.18). Quest Resource had a negative net margin of 0.85% and a positive return on equity of 5.81%. During the same period of the previous year, the company posted an EPS of $0.06. On average, research analysts expect Quest Resource Holding Co. to post EPS of 0.27 for the current fiscal year.
A number of research companies have recently commented on QRHC. Zacks Investment Research upgraded Quest Resource from a “hold” rating to a “strong-buy” rating and set a price target of $5.75 for the company in a Friday, May 20 report. HC Wainwright reaffirmed a “buy” rating on Quest Resource shares in a Friday, March 18 report. Craig Hallum began covering Quest Resource in a report on Monday, February 14. They issued a “buy” rating and a price target of $13.00 for the company. Roth Capital reaffirmed a “buy” rating on Quest Resource shares in a Friday, March 18 report. To finish, StockNews.com began coverage of Quest Resource in a report on Sunday. They issued a “holding” rating for the company. One investment analyst gave the stock a hold rating, three gave the stock a buy rating and one gave the stock a high buy rating. Based on MarketBeat data, Quest Resource has an average rating of “Buy” and a consensus price target of $10.19.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Advisor Group Holdings Inc. increased its holdings of Quest Resource shares by 629.0% in Q4. Advisor Group Holdings Inc. now owns 9,040 shares of the business services provider worth $62,000 after buying an additional 7,800 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in Quest Resource in Q2 for a value of approximately $73,000. Greenhaven Road Investment Management LP acquired a new stake in Quest Resource in the fourth quarter worth approximately $168,000. State Street Corp increased its stake in Quest Resource by 14.2% in the first quarter. State Street Corp now owns 43,947 shares of the business services provider worth $270,000 after buying an additional 5,462 shares last quarter. Finally, Millennium Management LLC acquired a new stake in Quest Resource in the third quarter worth approximately $274,000. Institutional investors and hedge funds hold 41.89% 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.
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