Liquidity Services, Inc. (NASDAQ:LQDT) Director Jaime Mateus-Tique Sells 35,000 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) Director Jaime Mateus-Tique sold 35,000 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $31.93, for a total transaction of $1,117,550.00. Following the completion of the sale, the director now directly owns 298,262 shares in the company, valued at $9,523,505.66. This represents a 10.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Liquidity Services Stock Performance

Shares of LQDT stock opened at $31.83 on Thursday. The company has a market capitalization of $987.97 million, a price-to-earnings ratio of 42.44 and a beta of 1.26. Liquidity Services, Inc. has a one year low of $16.79 and a one year high of $39.72. The company’s 50-day moving average is $33.41 and its 200 day moving average is $28.52.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 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

A number of institutional investors and hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Liquidity Services by 25.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,511 shares of the business services provider’s stock valued at $2,309,000 after purchasing an additional 14,542 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Liquidity Services in the 4th quarter worth about $317,000. Two Sigma Advisers LP raised its position in Liquidity Services by 48.4% in the 4th quarter. Two Sigma Advisers LP now owns 69,300 shares of the business services provider’s stock worth $2,238,000 after buying an additional 22,600 shares during the last quarter. Two Sigma Investments LP lifted its stake in Liquidity Services by 108.1% during the 4th quarter. Two Sigma Investments LP now owns 98,014 shares of the business services provider’s stock valued at $3,165,000 after acquiring an additional 50,925 shares during the period. Finally, Tidal Investments LLC boosted its holdings in shares of Liquidity Services by 13.6% during the 4th quarter. Tidal Investments LLC now owns 40,415 shares of the business services provider’s stock valued at $1,305,000 after acquiring an additional 4,849 shares during the last quarter. Institutional investors own 71.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on LQDT. StockNews.com cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Craig Hallum boosted their price target on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Liquidity Services in a research report on Wednesday, March 19th.

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.