Quest Resource director Stephen Nolan buys $11,940 in stock

Published 19/03/2025, 21:06
Quest Resource director Stephen Nolan buys $11,940 in stock

Stephen Nolan, a director at Quest Resource Holding Corp (NASDAQ:QRHC), has recently acquired 4,000 shares of the company’s common stock. The shares were purchased on March 18 at an average price of $2.985, totaling approximately $11,940. This transaction increases Nolan’s direct ownership to 82,176 shares. The insider purchase comes as the stock trades near its 52-week low of $2.61, having declined over 58% in the past year. According to InvestingPro analysis, QRHC currently appears undervalued.

The purchase was made jointly with his spouse, as noted in the filing. Additionally, the filing indicates that Nolan holds deferred stock units under the company’s incentive compensation plans, which will be issued upon his separation from the company. While the company faces challenges with its debt burden, InvestingPro analysts project a return to profitability this year, with 18 additional exclusive insights available to subscribers through their comprehensive Pro Research Report.

In other recent news, Quest Resource Holdings reported its fourth-quarter 2024 financial results, which showed a notable miss on both earnings per share (EPS) and revenue forecasts. The company posted an EPS of -$0.09, significantly below the anticipated $0.03, and revenue of $69.98 million, which fell short of the projected $73.63 million. Quest Resource has implemented several cost-saving measures, including a 15% workforce reduction, expected to save $3 million annually. Despite these challenges, the company remains optimistic about future growth, projecting improvements in the second half of 2025, driven by operational efficiencies and debt repayment strategies.

Additionally, Quest Resource is undergoing significant operational changes, including the implementation of new systems aimed at improving efficiency. The company recently announced a leadership change, with Perry Moss being promoted to CEO, bringing over 30 years of industry experience. Analysts have shown interest in the company’s new vendor management system and its impact on operational efficiency, with management assuring that temporary costs from system implementation are expected to resolve. The company’s refinancing efforts have also resulted in a reduced interest expense by approximately $1 million annually, providing more financial flexibility moving forward.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.