Quest Resource Holding Corporation’s (QRHC) Performance and Outlook Update

Long Cast Advisers, an investment management firm, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the third quarter, the fund’s cumulative net returns improved 4%. The fund returned a cumulative 266% net of fees, or 14% CAGR, since its inception in November 2015 through the quarter-end of Q3 2025. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its third-quarter 2025 investor letter, Long Cast Advisers highlighted stocks such as Quest Resource Holding Corporation (NASDAQ:QRHC). Headquartered in The Colony, Texas, Quest Resource Holding Corporation (NASDAQ:QRHC) provides waste and recycling services. The one-month return of Quest Resource Holding Corporation (NASDAQ:QRHC) was 29.66%, and its shares lost 73.82% of their value over the last 52 weeks. On November 27, 2025, Quest Resource Holding Corporation (NASDAQ:QRHC) stock closed at $1.88 per share, with a market capitalization of $39.236 million.

Long Cast Advisers stated the following regarding Quest Resource Holding Corporation (NASDAQ:QRHC) in its third quarter 2025 investor letter:

“Finally, on a YTD basis, one need only look at Quest Resource Holding Corporation’s (NASDAQ:QRHC) chart to see that it has been a major detractor to our portfolio this year (ie why its no longer a top-five holding). This is one of our longest held stocks and it has more than “round tripped.” Now that it has better management operating with appropriate processes and controls, and trades at a lower multiple, owning more of this is a much more reasonable proposition. With one caveat: The wide gulf between the $80M in goodwill and the $35M market capitalization is most certainly going to trigger an annual impairment test. And given the “asset lite” nature of the business, and the way impairments are tested, if there were not an impairment charge I would be surprised. Though purely an accounting mechanism that has no impact on tangible book value or cash flow, Mr. Market hates impairment charges. The company will release year end results, likely in late February.”

Quest Resource Holding Corporation (NASDAQ:QRHC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 8 hedge fund portfolios held Quest Resource Holding Corporation (NASDAQ:QRHC) at the end of the third quarter, which was 12 in the previous quarter. Quest Resource Holding Corporation (NASDAQ:QRHC) reported revenue of $63.3 million in the third quarter of 2025, marking a decrease of 13% compared to Q3 2024 and an increase of 6.4% from Q2 2025. While we acknowledge the risk and potential of Quest Resource Holding Corporation (NASDAQ:QRHC) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Quest Resource Holding Corporation (NASDAQ:QRHC) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Quest Resource Holding Corporation (NASDAQ:QRHC) and shared the list of best waste management stocks to buy. In its Q2 2025 investor letter, Long Cast Advisers noted that Quest Resource Holding Corporation (NASDAQ:QRHC) generated positive cash flows in two years and maintaining a cautious optimism on the company. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.