Title: Quest Resource Holding Corp CEO Increases Stake in Company - What Does This Mean for Investors?
Quest Resource Holding Corp (NASDAQ:QRHC) President and CEO S. Ray Hatch has recently boosted his ownership in the company by acquiring more shares. This move signals confidence in the waste management company's future prospects. Learn more about what this insider transaction means for investors.
S. Ray Hatch purchased 2,500 shares of Quest Resource common stock at a price of $8.0745 per share, totaling an investment of $20,186. This transaction has increased his direct ownership in the company to 41,332 shares. Additionally, the CEO holds 85,367 deferred stock units granted under the company's 2012 Incentive Compensation Plan.
Quest Resource Holding Corp, operating in the refuse systems industry, is headquartered in The Colony, Texas. The company's recent financial developments include strong EBITDA performance, extended debt maturity, and efficiency initiatives like AP automation. Investors and market watchers are likely to monitor the company's progress closely.
In other news, Quest Resource announced a Long-Term Incentive Plan (2024 LTIP) for its executives, aiming to align leadership and shareholder interests. The company granted performance stock units to key personnel, with a target payout date set for March 15, 2027.
InvestingPro Insights offer additional context on Quest Resource Holding Corp's recent activities. Despite challenges, the company has maintained a gross profit margin of 18.03% as of Q2 2024. While not currently profitable, analysts predict net income growth this year. However, two analysts have revised their earnings estimates downwards, which may impact investor decisions.
With the stock trading at 75.12% of its 52-week high and a negative P/E ratio, investors may need to consider potential risks and returns. For a detailed analysis of the company's financials and outlook, explore InvestingPro's additional tips and insights.
Analysis:
- CEO S. Ray Hatch's increased stake in Quest Resource Holding Corp signals confidence in the company's future.
- The company's recent financial performance includes strong EBITDA, extended debt maturity, and efficiency initiatives.
- Analysts predict net income growth for the company, despite challenges.
- Investors should consider potential risks and returns, as well as analyst revisions to earnings estimates.
- For a deeper understanding of Quest Resource Holding Corp's financials and outlook, InvestingPro offers additional insights and tips.