Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) Director Sells 12,155 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski sold 12,155 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $22.39, for a total value of $272,150.45. Following the completion of the sale, the director now owns 53,074 shares in the company, valued at $1,188,326.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Liquidity Services Stock Up 0.2 %

NASDAQ LQDT traded up $0.05 during trading hours on Wednesday, hitting $21.87. 70,565 shares of the company were exchanged, compared to its average volume of 120,740. The stock has a 50-day moving average price of $20.65 and a 200 day moving average price of $18.98. Liquidity Services, Inc. has a 52 week low of $13.99 and a 52 week high of $22.87. The stock has a market cap of $666.64 million, a PE ratio of 33.65 and a beta of 1.35.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06. Liquidity Services had a return on equity of 18.51% and a net margin of 6.30%. The company had revenue of $93.61 million for the quarter. During the same period in the previous year, the firm earned $0.28 earnings per share.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LQDT shares. Barrington Research reiterated an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research report on Monday, August 5th. StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Liquidity Services by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,821,231 shares of the business services provider’s stock valued at $33,875,000 after buying an additional 52,997 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Liquidity Services by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,140,649 shares of the business services provider’s stock valued at $19,630,000 after buying an additional 7,868 shares during the last quarter. Silvercrest Asset Management Group LLC grew its stake in shares of Liquidity Services by 8.9% during the first quarter. Silvercrest Asset Management Group LLC now owns 777,960 shares of the business services provider’s stock valued at $14,470,000 after buying an additional 63,571 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Liquidity Services by 15.7% during the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock valued at $10,060,000 after buying an additional 68,407 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Liquidity Services by 1.0% during the fourth quarter. Wellington Management Group LLP now owns 419,600 shares of the business services provider’s stock valued at $7,221,000 after buying an additional 4,100 shares during the last quarter. 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.