Liquidity Services, Inc. (NASDAQ:LQDT) Director Sells $63,800.00 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski sold 2,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $31.90, for a total value of $63,800.00. Following the completion of the transaction, the director now owns 17,229 shares of the company’s stock, valued at $549,605.10. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Edward Kolodzieski also recently made the following trade(s):

• On Friday, December 20th, Edward Kolodzieski sold 26,000 shares of Liquidity Services stock. The shares were sold at an average price of $31.29, for a total value of $813,540.00.

Liquidity Services Stock Up 1.7 %

Liquidity Services stock opened at $31.72 on Thursday. Liquidity Services, Inc. has a 52 week low of $13.99 and a 52 week high of $36.00. The firm has a market cap of $975.10 million, a price-to-earnings ratio of 50.35 and a beta of 1.42. The business’s 50-day moving average price is $25.67 and its 200 day moving average price is $22.83.

Hedge Funds Weigh In On Liquidity Services

Institutional investors have recently made changes to their positions in the company. Panagora Asset Management Inc. grew its position in Liquidity Services by 14.6% during the second quarter. Panagora Asset Management Inc. now owns 122,404 shares of the business services provider’s stock valued at $2,446,000 after buying an additional 15,592 shares during the period. Victory Capital Management Inc. grew its position in shares of Liquidity Services by 6.9% during the 2nd quarter. Victory Capital Management Inc. now owns 57,606 shares of the business services provider’s stock valued at $1,151,000 after acquiring an additional 3,700 shares during the period. Acadian Asset Management LLC increased its stake in shares of Liquidity Services by 15.7% in the 2nd quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock valued at $10,060,000 after purchasing an additional 68,407 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Liquidity Services during the second quarter worth approximately $87,000. Finally, Rice Hall James & Associates LLC boosted its position in Liquidity Services by 6.7% during the second quarter. Rice Hall James & Associates LLC now owns 362,464 shares of the business services provider’s stock worth $7,242,000 after purchasing an additional 22,626 shares in the last quarter. 71.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LQDT shares. StockNews.com upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 21st. Craig Hallum upped their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Barrington Research reissued an “outperform” rating and set a $27.00 target price on shares of Liquidity Services in a report on Tuesday, December 10th.

Liquidity Services Company Profile

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.