Form 4: Wynnefield Partners Increases Stake in Quest Resource Holding Corp (QRHC)

Wynnefield Partners Small Cap Value LP I reports increased ownership in Quest Resource Holding Corp (QRHC) through recent stock purchases.

Summary

• Wynnefield Partners Small Cap Value LP I filed a Form 4 detailing changes in beneficial ownership of Quest Resource Holding Corp (QRHC) common stock.
• On March 13, 2024, Wynnefield Partners acquired 14,918 shares at $6.9372 per share and 15,658 shares at $6.9372 per share.
• Following these transactions, Wynnefield Partners directly owns 1,294,093 shares and indirectly owns 1,440,256 shares.
• The reporting person disclaims beneficial ownership of the securities described in the statement, except to the extent of their individual respective pecuniary interest in such securities.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports transactions. The increased stake could be seen as a positive, but the disclaimer tempers enthusiasm.

Positives

• Increased investment by Wynnefield Partners may signal confidence in Quest Resource Holding Corp's future prospects.

Risks

• The filing includes a disclaimer of beneficial ownership, except to the extent of individual pecuniary interest, which could indicate a complex ownership structure.

Industry Context

Form 4 filings are standard disclosures required by the SEC when there are changes in beneficial ownership of a company's securities, particularly by directors, officers, and principal stockholders.

Stakeholder Impact

• The increased stake by Wynnefield Partners could positively influence shareholder confidence.

Key Dates