Liquidity Services, Inc. (NASDAQ:LQDT) Director Beatriz V. Infante Sells 5,000 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) Director Beatriz V. Infante sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $35.36, for a total value of $176,800.00. Following the completion of the sale, the director now directly owns 82,990 shares of the company’s stock, valued at approximately $2,934,526.40. This trade represents a 5.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Liquidity Services Trading Down 3.5 %

Shares of LQDT opened at $34.31 on Friday. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 45.75 and a beta of 1.36. The stock has a 50 day moving average of $33.96 and a 200 day moving average of $26.94. Liquidity Services, Inc. has a 12 month low of $16.79 and a 12 month 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, beating 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%.

Institutional Trading of Liquidity Services

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in Liquidity Services during the third quarter valued at $1,311,000. Assenagon Asset Management S.A. grew its holdings in Liquidity Services by 4.9% during the third quarter. Assenagon Asset Management S.A. now owns 237,725 shares of the business services provider’s stock valued at $5,420,000 after purchasing an additional 11,022 shares during the period. Rice Hall James & Associates LLC grew its holdings in Liquidity Services by 1.3% during the third quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider’s stock valued at $8,374,000 after purchasing an additional 4,838 shares during the period. Royce & Associates LP bought a new position in Liquidity Services during the third quarter valued at $488,000. Finally, Quest Partners LLC bought a new position in Liquidity Services during the third quarter valued at $463,000. 71.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Craig Hallum increased their price objective on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Barrington Research reissued an “outperform” rating and issued a $40.00 price objective on shares of Liquidity Services in a research note on Tuesday, February 11th. Finally, StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

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.