Insider Buying: Quest Resource Holding Co. (NASDAQ:QRHC) CEO Purchases $20,197.89 in Stock

Quest Resource Holding Co. (NASDAQ:QRHC) CEO S. Ray Hatch acquired 2,817 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average cost of $7.17 per share, for a total transaction of $20,197.89. Following the transaction, the chief executive officer now owns 44,149 shares of the company’s stock, valued at $316,548.33. This represents a 6.82 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 stock was purchased at an average price of $8.07 per share, with a total value of $20,175.00.

Quest Resource Trading Down 0.8 %

Shares of QRHC stock opened at $7.06 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.49 and a current ratio of 1.52. Quest Resource Holding Co. has a fifty-two week low of $6.01 and a fifty-two week high of $10.85. The stock has a market capitalization of $145.37 million, a P/E ratio of -19.08, a price-to-earnings-growth ratio of 5.27 and a beta of 0.66. The company has a 50 day moving average price of $8.21 and a 200 day moving average price of $8.65.

Hedge Funds Weigh In On Quest Resource

Large investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC purchased a new position in shares of Quest Resource in the 2nd quarter valued at $34,000. BNP Paribas Financial Markets grew its position in Quest Resource by 62.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock valued at $80,000 after buying an additional 3,850 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Quest Resource by 129.1% during the third quarter. MetLife Investment Management LLC now owns 10,285 shares of the business services provider’s stock worth $82,000 after purchasing an additional 5,795 shares in the last quarter. Rhumbline Advisers purchased a new position in shares of Quest Resource during the 2nd quarter worth approximately $145,000. Finally, Russell Investments Group Ltd. lifted its holdings 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 acquiring an additional 15,115 shares during the period. Hedge funds and other institutional investors own 48.16% of the company’s stock.

Analysts Set New Price Targets

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

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.