Several Insiders Invested In Quest Resource Holding Flagging Positive News
Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Quest Resource Holding Corporation (NASDAQ:QRHC), it sends a favourable message to the company's shareholders.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for Quest Resource Holding
The Last 12 Months Of Insider Transactions At Quest Resource Holding
The Senior VP Brett Johnston made the biggest insider purchase in the last 12 months. That single transaction was for US$106k worth of shares at a price of US$5.89 each. Even though the purchase was made at a significantly lower price than the recent price (US$7.06), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
Quest Resource Holding insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Quest Resource Holding is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Quest Resource Holding Insiders Bought Stock Recently
Over the last three months, we've seen a bit of insider buying at Quest Resource Holding. Insiders shelled out US$45k for shares in that time. We like it when there are only buyers, and no sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.
Insider Ownership Of Quest Resource Holding
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests Quest Resource Holding insiders own 2.7% of the company, worth about US$3.8m. But they may have an indirect interest through a corporate structure that we haven't picked up on. We prefer to see high levels of insider ownership.
So What Does This Data Suggest About Quest Resource Holding Insiders?
Insider purchases may have been minimal, in the last three months, but there was no selling at all. The net investment is not enough to encourage us much. On a brighter note, the transactions over the last year are encouraging. We'd like to see bigger individual holdings. However, we don't see anything to make us think Quest Resource Holding insiders are doubting the company. Of course, the future is what matters most. So if you are interested in Quest Resource Holding, you should check out this free report on analyst forecasts for the company.
But note: Quest Resource Holding may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
