Dimensional Fund Advisors LP Raises Holdings in Quest Resource Holding Co. (NASDAQ:QRHC)

Dimensional Fund Advisors LP boosted its holdings in shares of Quest Resource Holding Co. (NASDAQ:QRHC) by 25.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 265,354 shares of the business services provider’s stock after purchasing an additional 54,282 shares during the period. Dimensional Fund Advisors LP’s holdings in Quest Resource were worth $1,724,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Truist Financial Corp purchased a new position in Quest Resource during the fourth quarter worth about $1,605,000. LPL Financial LLC boosted its position in shares of Quest Resource by 278.2% in the 4th quarter. LPL Financial LLC now owns 110,184 shares of the business services provider’s stock worth $716,000 after buying an additional 81,050 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Quest Resource by 147.0% during the 4th quarter. JPMorgan Chase & Co. now owns 58,532 shares of the business services provider’s stock worth $380,000 after purchasing an additional 34,839 shares during the last quarter. Avanza Fonder AB purchased a new stake in Quest Resource during the 4th quarter worth about $150,000. Finally, Jane Street Group LLC acquired a new position in shares of Quest Resource in the third quarter valued at approximately $116,000. 48.16% of the stock is owned by hedge funds and other institutional investors.

Quest Resource Stock Performance

QRHC stock opened at $2.04 on Thursday. Quest Resource Holding Co. has a 12-month low of $1.91 and a 12-month high of $9.93. The stock’s 50 day simple moving average is $2.61 and its 200 day simple moving average is $4.95. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.15. The firm has a market cap of $42.04 million, a P/E ratio of -5.51, a P/E/G ratio of 0.76 and a beta of 0.55.

Quest Resource (NASDAQ:QRHC) last posted its earnings results on Monday, May 12th. The business services provider reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.09). Quest Resource had a negative net margin of 2.74% and a positive return on equity of 3.11%. The company had revenue of $68.43 million during the quarter, compared to the consensus estimate of $72.04 million. As a group, equities research analysts predict that Quest Resource Holding Co. will post 0.09 EPS for the current year.

Insider Activity at Quest Resource

In other news, CEO Perry W. Moss acquired 16,338 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was acquired at an average price of $3.01 per share, for a total transaction of $49,177.38. Following the completion of the acquisition, the chief executive officer now directly owns 257,933 shares in the company, valued at $776,378.33. This represents a 6.76% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders have purchased a total of 23,912 shares of company stock worth $71,046 over the last ninety days. 22.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on QRHC. StockNews.com downgraded shares of Quest Resource from a “hold” rating to a “sell” rating in a research note on Thursday, March 13th. Northland Securities set a $6.50 price objective on shares of Quest Resource in a research report on Thursday, March 13th.

Quest Resource 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.