Insider Selling: Quest Resource Holding Co. (NASDAQ:QRHC) COO Sells 22,593 Shares of Stock

Quest Resource Holding Co. (NASDAQ:QRHC) COO David P. Sweitzer sold 22,593 shares of Quest Resource stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $8.00, for a total transaction of $180,744.00. Following the sale, the chief operating officer now directly owns 8,511 shares in the company, valued at approximately $68,088. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Quest Resource Trading Up 0.5 %

Shares of QRHC stock traded up $0.04 on Wednesday, hitting $8.15. 33,990 shares of the stock traded hands, compared to its average volume of 61,743. The firm’s 50-day moving average price is $8.51 and its two-hundred day moving average price is $8.45. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.46 and a current ratio of 1.49. The stock has a market capitalization of $165.08 million, a PE ratio of -29.11, a PEG ratio of 1.91 and a beta of 0.64. Quest Resource Holding Co. has a twelve month low of $6.01 and a twelve month high of $10.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Quest Resource during the 2nd quarter valued at about $34,000. Dimensional Fund Advisors LP lifted its position in Quest Resource by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 168,717 shares of the business services provider’s stock valued at $1,484,000 after buying an additional 7,945 shares during the last quarter. Privium Fund Management B.V. lifted its position in Quest Resource by 72.6% in the second quarter. Privium Fund Management B.V. now owns 18,900 shares of the business services provider’s stock valued at $168,000 after buying an additional 7,950 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Quest Resource by 2.7% in the first 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. Finally, Russell Investments Group Ltd. lifted its position 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 buying an additional 15,115 shares during the last quarter. Institutional investors and hedge funds own 48.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on QRHC shares. StockNews.com cut shares of Quest Resource from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Craig Hallum lowered 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 report on Friday, August 9th.

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.