Hatch S. Ray

Director Hatch S. Ray purchases 5,000 QRHC shares at $2.86; stock down 73.6% from 52-week high, company unprofitable

Director Hatch S. Ray purchased 5,000 shares at $2.86 on 2025-03-17, increasing holdings by 10.9% to 50.8K shares. The purchase occurs amid significant headwinds: the stock is down 73.6% from its 52-week high of $10.66 and has declined 36.0% over the preceding 30 days. At the same ticker (QRHC), Ray's three prior open-market buys yielded mixed results—only 1 of 3 was well-timed at the 90-day mark, with an average 90-day outcome of -10.8% across his broader cross-ticker history. Quest Resource reported $-3.4M net income on $72.8M revenue in the latest quarter, with flat annual revenue growth and unprofitable full-year results, indicating fundamental deterioration rather than a recovery opportunity. The transaction reflects a modest increase in exposure to a distressed-valued equity, but timing pattern and profitability concerns limit the bullish signal.

QRHC CEO Hatch S. Ray bought 2,817 shares at $7.17; stock down 33.9% from 52-week high, company unprofitable.

Hatch S. Ray, as President and CEO, purchased 2,817 shares at $7.17 on 2024-11-12, increasing his holdings to 44,149 shares from 41,332 shares. The purchase occurs against a backdrop of significant recent weakness: the stock is down 33.9% from its 52-week high and has declined 14.8% over the past 30 days. Prior to this transaction, Ray demonstrated a strong 90-day win rate of 100.00% across his cross-ticker open-market history with an average 90-day return of +12.6%. At QRHC specifically, his prior buy on 2024-08-20 returned +11.0% over 30 days, and his December 2023 purchase delivered +12.6% over 90 days. The company is currently unprofitable with net income of $-3.4M on revenue of $72.8M, facing structural challenges with annual revenue growth of only +1.5%.

CEO Hatch S. Ray purchases 2,500 shares at $8.07; stock down 23.6% from 52-week high amid unprofitable operations

Hatch S. Ray, President and CEO, acquired 2,500 shares at $8.07 on 2024-08-20, increasing his holdings to 41,332 shares. His prior purchase at QRHC on 2023-12-12 delivered a 90-day return of +12.6%, reflecting well-timed entry during that prior transaction. However, the current backdrop differs materially: the stock trades at $8.15, down 23.6% from its 52-week high of $10.66 and down 12.5% over the trailing 90 days. The company remains unprofitable, with net income of negative $1.5M on revenue of $73.1M (annual growth of only +1.5%), raising questions about operational momentum. Ray's purchase at a depressed price level may reflect selective accumulation opportunity, yet the negative trajectory in recent months and weak profitability metrics warrant investor scrutiny of whether conditions have stabilized before assigning confidence to the purchase.