Liquidity Services, Inc. (NASDAQ:LQDT) SVP Steven Weiskircher Sells 5,000 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT) SVP Steven Weiskircher sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $35.26, for a total transaction of $176,300.00. Following the transaction, the senior vice president now owns 44,575 shares in the company, valued at $1,571,714.50. This represents a 10.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Steven Weiskircher also recently made the following trade(s):

• On Monday, February 10th, Steven Weiskircher sold 10,815 shares of Liquidity Services stock. The stock was sold at an average price of $33.99, for a total transaction of $367,601.85.
• On Monday, December 16th, Steven Weiskircher sold 582 shares of Liquidity Services stock. The stock was sold at an average price of $33.31, for a total value of $19,386.42.

Liquidity Services Stock Performance

Shares of NASDAQ:LQDT opened at $35.55 on Thursday. The stock’s 50-day moving average is $32.85 and its 200-day moving average is $26.29. The company has a market cap of $1.10 billion, a P/E ratio of 47.40 and a beta of 1.36. Liquidity Services, Inc. has a 52-week low of $15.79 and a 52-week high of $39.72.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Analyst Upgrades and Downgrades

LQDT has been the topic of a number of recent analyst reports. Craig Hallum raised their price objective on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, December 13th. StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, February 7th. Finally, Barrington Research restated an “outperform” rating and issued a $40.00 price objective on shares of Liquidity Services in a research note on Tuesday.

Hedge Funds Weigh In On Liquidity Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royce & Associates LP acquired a new stake in Liquidity Services in the 3rd quarter worth $488,000. Barclays PLC lifted its stake in shares of Liquidity Services by 307.3% in the third quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock valued at $899,000 after buying an additional 29,746 shares during the period. JPMorgan Chase & Co. grew its position in Liquidity Services by 102.7% during the third quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider’s stock worth $1,366,000 after buying an additional 30,360 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Liquidity Services during the third quarter valued at about $1,311,000. Finally, Intech Investment Management LLC bought a new position in Liquidity Services during the third quarter valued at about $518,000. Institutional investors own 71.15% of the company’s stock.

About Liquidity Services

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.