Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) VP Sells $126,065.10 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) VP Mark A. Shaffer sold 3,633 shares of Liquidity Services stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $34.70, for a total value of $126,065.10. Following the transaction, the vice president now directly owns 46,200 shares in the company, valued at approximately $1,603,140. The trade was a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Liquidity Services Trading Up 2.2 %

NASDAQ LQDT opened at $36.48 on Friday. Liquidity Services, Inc. has a 1 year low of $16.58 and a 1 year high of $39.72. The company has a market cap of $1.12 billion, a PE ratio of 48.64 and a beta of 1.36. The stock’s 50-day moving average price is $33.29 and its two-hundred day moving average price is $26.45.

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

Institutional Trading of Liquidity Services

Several hedge funds and other institutional investors have recently modified their holdings of LQDT. Arrowstreet Capital Limited Partnership raised its position in Liquidity Services by 57.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider’s stock valued at $14,768,000 after buying an additional 167,767 shares during the period. Royce & Associates LP increased its holdings in shares of Liquidity Services by 561.2% in the 4th quarter. Royce & Associates LP now owns 141,649 shares of the business services provider’s stock valued at $4,574,000 after purchasing an additional 120,226 shares during the period. Marshall Wace LLP acquired a new position in shares of Liquidity Services in the 4th quarter valued at about $3,477,000. Walleye Capital LLC purchased a new stake in shares of Liquidity Services in the fourth quarter worth approximately $2,969,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Liquidity Services during the fourth quarter worth approximately $2,743,000. Institutional investors and hedge funds own 71.15% of the company’s stock.

Analyst Ratings Changes

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

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.