Wynnefield Partners Small Cap Acquires 2,608 Shares of Quest Resource Holding Co. (NASDAQ:QRHC) Stock

Quest Resource Holding Co. (NASDAQ:QRHCGet Rating) major shareholder Wynnefield Partners Small Cap bought 2,608 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was acquired at an average price of $4.40 per share, for a total transaction of $11,475.20. Following the completion of the transaction, the insider now owns 1,155,940 shares in the company, valued at $5,086,136. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Wynnefield Partners Small Cap also recently made the following trade(s):

  • On Monday, May 9th, Wynnefield Partners Small Cap bought 44,887 shares of Quest Resource stock. The stock was acquired at an average price of $4.90 per share, for a total transaction of $219,946.30.
  • On Wednesday, April 6th, Wynnefield Partners Small Cap bought 669 shares of Quest Resource stock. The stock was acquired at an average price of $6.14 per share, for a total transaction of $4,107.66.
  • On Monday, April 4th, Wynnefield Partners Small Cap bought 3,596 shares of Quest Resource stock. The stock was acquired at an average price of $6.14 per share, for a total transaction of $22,079.44.
  • On Thursday, March 31st, Wynnefield Partners Small Cap bought 774 shares of Quest Resource stock. The stock was acquired at an average price of $6.13 per share, for a total transaction of $4,744.62.
  • On Friday, March 25th, Wynnefield Partners Small Cap bought 1,464 shares of Quest Resource stock. The stock was acquired at an average price of $6.23 per share, for a total transaction of $9,120.72.
  • On Wednesday, March 23rd, Wynnefield Partners Small Cap bought 5,855 shares of Quest Resource stock. The stock was acquired at an average price of $6.25 per share, for a total transaction of $36,593.75.

QRHC opened at $4.42 on Friday. The firm has a market cap of $84.18 million, a PE ratio of -49.11, a P/E/G ratio of 1.26 and a beta of 1.36. The company has a quick ratio of 1.33, a current ratio of 1.30 and a debt-to-equity ratio of 0.92. The business has a fifty day simple moving average of $5.65 and a 200-day simple moving average of $6.12. Quest Resource Holding Co. has a fifty-two week low of $4.33 and a fifty-two week high of $8.30.

Quest Resource (NASDAQ:QRHCGet Rating) last released its quarterly earnings data on Monday, May 16th. The business services provider reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.18). Quest Resource had a positive return on equity of 5.81% and a negative net margin of 0.85%. During the same period in the prior year, the business earned $0.06 EPS. On average, equities research analysts anticipate that Quest Resource Holding Co. will post 0.27 EPS for the current fiscal year.

A number of equities analysts have issued reports on the company. HC Wainwright reaffirmed a “buy” rating on shares of Quest Resource in a research note on Friday, March 18th. Zacks Investment Research raised Quest Resource from a “hold” rating to a “strong-buy” rating and set a $5.75 price target for the company in a research note on Friday, May 20th. Roth Capital reaffirmed a “buy” rating on shares of Quest Resource in a research note on Friday, March 18th. Craig Hallum assumed coverage on Quest Resource in a research note on Monday, February 14th. They set a “buy” rating and a $13.00 price target for the company. Finally, StockNews.com assumed coverage on Quest Resource in a research note on Saturday. They set a “hold” rating for the company. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $10.19.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Quest Resource by 4.3% during the 4th quarter. BlackRock Inc. now owns 52,268 shares of the business services provider’s stock worth $362,000 after acquiring an additional 2,159 shares in the last quarter. EAM Investors LLC boosted its position in shares of Quest Resource by 1.3% in the first quarter. EAM Investors LLC now owns 191,912 shares of the business services provider’s stock worth $1,180,000 after buying an additional 2,514 shares during the period. State Street Corp boosted its position in shares of Quest Resource by 14.2% in the first quarter. State Street Corp now owns 43,947 shares of the business services provider’s stock worth $270,000 after buying an additional 5,462 shares during the period. Advisor Group Holdings Inc. boosted its position in shares of Quest Resource by 629.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 9,040 shares of the business services provider’s stock worth $62,000 after buying an additional 7,800 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Quest Resource in the second quarter worth $73,000. 41.89% of the stock is owned by institutional investors and hedge funds.

Quest Resource Company Profile (Get Rating)

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. It offers 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.

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