Liquidity Services, Inc. (NASDAQ:LQDT) SVP Sells $367,601.85 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) SVP Steven Weiskircher sold 10,815 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $33.99, for a total transaction of $367,601.85. Following the completion of the sale, the senior vice president now owns 58,401 shares of the company’s stock, valued at approximately $1,985,049.99. The trade was a 15.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, February 12th, Steven Weiskircher sold 5,000 shares of Liquidity Services stock. The stock was sold at an average price of $35.26, for a total transaction of $176,300.00.
• 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 Price Performance

Shares of LQDT opened at $35.55 on Thursday. Liquidity Services, Inc. has a one year low of $15.79 and a one year high of $39.72. The company has a 50-day simple moving average of $32.85 and a two-hundred day simple moving average of $26.29. The firm has a market capitalization of $1.10 billion, a PE ratio of 47.40 and a beta of 1.36.

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, beating 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 analyst reports. StockNews.com cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 7th. Craig Hallum raised their price target on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Barrington Research reissued an “outperform” rating and set a $40.00 price objective on shares of Liquidity Services in a research report on Tuesday.

Institutional Trading of Liquidity Services

A number of hedge funds have recently modified their holdings of LQDT. Harvest Fund Management Co. Ltd purchased a new position in Liquidity Services during the 4th quarter valued at about $38,000. nVerses Capital LLC bought a new position in shares of Liquidity Services during the third quarter valued at approximately $48,000. R Squared Ltd bought a new position in shares of Liquidity Services during the fourth quarter valued at approximately $66,000. GAMMA Investing LLC lifted its holdings in shares of Liquidity Services by 29.9% during the third quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 1,005 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Liquidity Services in the 4th quarter worth approximately $132,000. Institutional investors own 71.15% of the company’s stock.

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.