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Barry M. Kitt, a ten percent owner of Quest Resource Holding Corp (NASDAQ:QRHC), has purchased shares of the company’s common stock in multiple transactions. According to a Form 4 filing with the Securities and Exchange Commission, Kitt acquired a total of 200,159 shares for approximately $260,592. The purchases come as the stock has declined significantly, with InvestingPro data showing an 81% drop year-to-date and the stock trading near its 52-week low of $1.20.
The purchases were made in three separate transactions. On October 23, 2025, 103,412 shares were bought at $1.2626 per share. This was followed by another purchase on October 24, 2025, of 33,480 shares at $1.3286 per share. The final transaction occurred on October 27, 2025, with 62,867 shares acquired at $1.3607 per share. The price range for all purchases was between $1.2626 and $1.3607. InvestingPro analysis indicates the company faces significant challenges, with analysts revising earnings downward and anticipating a sales decline this year.
Following these transactions, Kitt indirectly holds 2,692,248 shares of Quest Resource Holding Corp common stock through Pinnacle Family Office Investments, L.P., and directly holds 13,900 shares. With a market capitalization of just $28 million, the company operates with a significant debt burden, according to InvestingPro’s comprehensive analysis, which includes 12 additional key insights available to subscribers.
In other recent news, Quest Resource Holding Corporation reported its second-quarter 2025 financial results, which fell short of analyst expectations. The company announced revenue of $59.54 million, missing the projected $72.56 million by approximately 17.94%. Additionally, earnings per share were reported at -$0.04, significantly lower than the forecasted $0.05. This performance led Northland to downgrade Quest Resource’s stock rating from Outperform to Market Perform, with a revised price target of $2.25. These financial results have raised concerns among investors regarding the company’s financial health. In another development, Quest Resource announced executive changes, with the resignation of Chief Operating Officer David P. Sweitzer and the appointment of Felipe Garcia as Senior Vice President of Key Accounts. Mr. Garcia, who brings over twelve years of executive leadership experience, will focus on advancing the company’s value proposition and developing strategic relationships. These changes and financial results highlight significant developments for Quest Resource.
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