Skylands Capital LLC Sells 21,726 Shares of Quest Resource Holding Co. (NASDAQ:QRHC)

Skylands Capital LLC reduced its holdings in Quest Resource Holding Co. (NASDAQ:QRHC) by 7.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 280,624 shares of the business services provider’s stock after selling 21,726 shares during the period. Skylands Capital LLC owned approximately 1.40% of Quest Resource worth $2,057,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in QRHC. Quadrature Capital Ltd purchased a new position in Quest Resource in the third quarter worth about $77,000. Ancora Advisors LLC purchased a new position in shares of Quest Resource in the 3rd quarter worth approximately $283,000. Wynnefield Capital Inc. increased its position in shares of Quest Resource by 1.0% during the 3rd quarter. Wynnefield Capital Inc. now owns 2,595,689 shares of the business services provider’s stock valued at $19,208,000 after purchasing an additional 24,955 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in Quest Resource by 19.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 366,632 shares of the business services provider’s stock valued at $2,713,000 after buying an additional 60,396 shares during the period. Finally, Barclays PLC bought a new stake in Quest Resource in the third quarter worth $39,000. 48.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Quest Resource news, major shareholder Wynnefield Partners Small Cap bought 14,918 shares of Quest Resource stock in a transaction on Wednesday, March 13th. The shares were acquired at an average price of $6.94 per share, for a total transaction of $103,530.92. Following the completion of the purchase, the insider now directly owns 1,294,093 shares in the company, valued at approximately $8,981,005.42. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.59% of the stock is owned by corporate insiders.

Quest Resource Trading Up 5.8 %

QRHC stock traded up $0.56 during mid-day trading on Monday, reaching $10.16. 62,882 shares of the stock traded hands, compared to its average volume of 36,757. Quest Resource Holding Co. has a one year low of $5.02 and a one year high of $10.29. The stock has a market capitalization of $204.94 million, a PE ratio of -29.34, a PEG ratio of 1.49 and a beta of 0.67. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.35 and a current ratio of 1.35. The business has a 50-day moving average price of $8.00 and a two-hundred day moving average price of $7.41.

Quest Resource (NASDAQ:QRHC) last released its quarterly earnings results on Tuesday, March 12th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The firm had revenue of $69.34 million for the quarter, compared to analysts’ expectations of $74.10 million. Quest Resource had a positive return on equity of 4.99% and a negative net margin of 2.53%. Equities research analysts expect that Quest Resource Holding Co. will post 0.43 EPS for the current year.

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.