Quest Resource (NASDAQ:QRHC) Holding Corp (NASDAQ:QRHC) EVP and COO, David P. Sweitzer, has recently engaged in significant trading activity involving the company's shares, according to the latest SEC filings. Sweitzer sold a total of $170,745 worth of common stock, with the transactions occurring at prices ranging from $9.0151 to $9.0473 per share.
On May 30, 2024, Sweitzer executed a sale of 11,185 shares at an average price of approximately $9.0473, and the following day, he sold another 7,715 shares at an average price of around $9.0151. These sales were part of multiple transactions within the specified price ranges.
In addition to the sales, the filings also showed that Sweitzer exercised options to acquire shares of Quest Resource Holding Corp. On the same day as the first sale, he exercised options for 8,400 shares at $2.45 each and another set of options for 10,500 shares at $2.62 each, totaling an acquisition value of $48,090.
The transactions have resulted in a notable change in Sweitzer's holdings in the company. Following the sales and acquisitions, the executive's direct ownership in Quest Resource Holding Corp has been updated to reflect the new totals.
Investors often monitor the trading activity of company executives as it can provide insights into their perspective on the company's current valuation and future prospects. The recent transactions by Sweitzer represent a substantial amount of stock and may be of interest to current and potential shareholders.
Quest Resource Holding Corp, with its headquarters in The Colony, Texas, operates in the refuse systems industry under the industrial classification code 4953. The company has undergone several name changes in its history, with previous names including Infinity Resources Holdings Corp., YouChange Holdings Corp., and BlueStar Financial Group, Inc.
The reported transactions are part of the regular disclosure requirements for company insiders and are publicly accessible through SEC filings.
InvestingPro Insights
Amidst the recent trading activity by Quest Resource Holding Corp's (NASDAQ:QRHC) EVP and COO David P. Sweitzer, investors are keen to understand the company's financial health and future prospects. According to InvestingPro insights, Quest Resource Holding Corp's market capitalization stands at $174.58 million, indicating a mid-sized player within its industry. Despite a challenging past month where the stock declined by 15.02%, the company has demonstrated a strong return over the last year, with a price total return of 50.43%.
InvestingPro data further reveals that Quest Resource Holding Corp is trading at a negative P/E ratio of -29.15, reflecting investor concerns about profitability. This is corroborated by an InvestingPro Tip indicating that the company was not profitable over the last twelve months. However, analysts remain optimistic, predicting that the company will turn profitable this year, which could signal a potential shift in investor sentiment.
Another critical piece of information for investors is the company's ability to meet its short-term obligations. Quest Resource Holding Corp's liquid assets exceed its short-term liabilities, offering some reassurance regarding its financial resilience. This is a noteworthy point for investors considering the company's financial stability and ability to weather potential market volatility.
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