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 company’s stock in a transaction that occurred on Friday, June 21st. The shares were 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 directly owns 8,511 shares of the company’s stock, valued at $72,513.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Quest Resource Stock Up 1.4 %

Quest Resource stock opened at $8.47 on Friday. The stock has a 50-day simple moving average of $9.28 and a 200-day simple moving average of $8.04. The company has a market capitalization of $171.52 million, a P/E ratio of -30.25, a PEG ratio of 1.33 and a beta of 0.65. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.46 and a current ratio of 1.46. Quest Resource Holding Co. has a fifty-two week low of $6.01 and a fifty-two week high of $10.85.

Quest Resource (NASDAQ:QRHC) last issued its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The company 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%. Equities research analysts expect that Quest Resource Holding Co. will post 0.42 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC acquired a new stake in shares of Quest Resource during the third quarter worth about $39,000. First Eagle Investment Management LLC raised its stake in Quest Resource by 2.7% during the 1st quarter. First Eagle Investment Management LLC now owns 356,398 shares of the business services provider’s stock valued at $3,058,000 after acquiring an additional 9,490 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Quest Resource during the 3rd quarter worth approximately $77,000. Russell Investments Group Ltd. increased its holdings in shares of 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 purchasing an additional 15,115 shares during the period. Finally, Wynnefield Capital Inc. raised its stake in shares of Quest Resource by 1.0% during the third quarter. Wynnefield Capital Inc. now owns 2,595,689 shares of the business services provider’s stock worth $19,208,000 after purchasing an additional 24,955 shares during the last quarter. 48.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.