Quest Resource Holding Co. (NASDAQ:QRHC) CEO S. Ray Hatch Purchases 2,817 Shares of Stock

Quest Resource Holding Co. (NASDAQ:QRHC) CEO S. Ray Hatch acquired 2,817 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was bought at an average price of $7.17 per share, for a total transaction of $20,197.89. Following the purchase, the chief executive officer now owns 44,149 shares in the company, valued at approximately $316,548.33. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

S. Ray Hatch also recently made the following trade(s):

• On Tuesday, August 20th, S. Ray Hatch bought 2,500 shares of Quest Resource stock. The shares were bought at an average cost of $8.07 per share, with a total value of $20,175.00.

Quest Resource Stock Performance

Shares of QRHC stock opened at $7.05 on Wednesday. The business’s 50 day moving average is $8.26 and its two-hundred day moving average is $8.68. The company has a current ratio of 1.52, a quick ratio of 1.49 and a debt-to-equity ratio of 1.15. Quest Resource Holding Co. has a 12 month low of $6.01 and a 12 month high of $10.85.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Northland Capmk upgraded Quest Resource to a “strong-buy” rating in a report on Tuesday, September 17th. Craig Hallum reduced their price target on Quest Resource from $15.00 to $13.00 and set a “buy” rating for the company in a report on Friday, August 9th. Northland Securities started coverage on shares of Quest Resource in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $12.50 target price for the company. Finally, StockNews.com downgraded shares of Quest Resource from a “hold” rating to a “sell” rating in a report on Monday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its stake 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 worth $158,000 after purchasing an additional 15,115 shares during the period. First Eagle Investment Management LLC grew its holdings in Quest Resource by 2.7% in 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 buying an additional 9,490 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Quest Resource in the 2nd quarter worth approximately $406,000. Privium Fund Management B.V. lifted its holdings in shares of Quest Resource by 72.6% during the second quarter. Privium Fund Management B.V. now owns 18,900 shares of the business services provider’s stock worth $168,000 after buying an additional 7,950 shares during the last quarter. Finally, Rhumbline Advisers acquired a new stake in shares of Quest Resource in the second quarter worth $145,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

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.