Barrington Research Reaffirms “Outperform” Rating for Liquidity Services (NASDAQ:LQDT)

Barrington Research reiterated their outperform rating on shares of Liquidity Services (NASDAQ:LQDT) in a research note released on Wednesday morning,Benzinga reports. Barrington Research currently has a $40.00 price objective on the business services provider’s stock.

LQDT has been the topic of several other reports. Craig Hallum boosted their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th.

Liquidity Services Stock Performance

Liquidity Services stock opened at $31.60 on Wednesday. Liquidity Services has a one year low of $16.79 and a one year high of $39.72. The company has a market cap of $980.83 million, a P/E ratio of 42.13 and a beta of 1.26. The business has a fifty day moving average of $33.54 and a two-hundred day moving average of $28.24.

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

Insider Activity at Liquidity Services

In related news, SVP Steven Weiskircher sold 10,815 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $33.99, for a total transaction of $367,601.85. Following the sale, the senior vice president now owns 58,401 shares in the company, valued at approximately $1,985,049.99. This trade represents a 15.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Novelette Murray sold 7,938 shares of Liquidity Services stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $33.96, for a total transaction of $269,574.48. Following the completion of the sale, the insider now directly owns 36,181 shares of the company’s stock, valued at $1,228,706.76. The trade was a 17.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,658 shares of company stock valued at $2,508,408 over the last quarter. Insiders own 28.40% of the company’s stock.

Institutional Trading of Liquidity Services

A number of hedge funds have recently added to or reduced their stakes in LQDT. Royce & Associates LP purchased a new position in shares of Liquidity Services during the 3rd quarter worth about $488,000. Quest Partners LLC acquired a new position in Liquidity Services during the third quarter worth approximately $463,000. Intech Investment Management LLC acquired a new position in Liquidity Services during the third quarter worth approximately $518,000. Pacer Advisors Inc. raised its stake in Liquidity Services by 9.5% during the third quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock worth $20,092,000 after purchasing an additional 76,794 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Liquidity Services by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 202,276 shares of the business services provider’s stock valued at $4,612,000 after purchasing an additional 6,341 shares during the last quarter. 71.15% of the stock is owned by institutional investors and hedge funds.

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.