Jorge Celaya Sells 10,000 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) CFO Jorge Celaya sold 10,000 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $34.25, for a total value of $342,500.00. Following the transaction, the chief financial officer now directly owns 34,775 shares of the company’s stock, valued at $1,191,043.75. The trade was a 22.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Jorge Celaya also recently made the following trade(s):

• On Wednesday, February 12th, Jorge Celaya sold 7,500 shares of Liquidity Services stock. The stock was sold at an average price of $35.33, for a total value of $264,975.00.
• On Monday, December 16th, Jorge Celaya sold 16,540 shares of Liquidity Services stock. The shares were sold at an average price of $34.10, for a total value of $564,014.00.

Liquidity Services Trading Up 0.5 %

Shares of Liquidity Services stock opened at $35.71 on Friday. Liquidity Services, Inc. has a twelve month low of $16.11 and a twelve month high of $39.72. The stock has a market capitalization of $1.10 billion, a P/E ratio of 47.61 and a beta of 1.36. The business’s fifty day moving average price is $33.06 and its 200 day moving average price is $26.35.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on LQDT. Craig Hallum lifted their price objective on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, December 13th. StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Liquidity Services in a research report on Tuesday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LQDT. Arrowstreet Capital Limited Partnership boosted its holdings in Liquidity Services by 57.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider’s stock valued at $14,768,000 after acquiring an additional 167,767 shares during the last quarter. Royce & Associates LP boosted its holdings in Liquidity Services by 561.2% in the fourth quarter. Royce & Associates LP now owns 141,649 shares of the business services provider’s stock valued at $4,574,000 after acquiring an additional 120,226 shares during the last quarter. Marshall Wace LLP acquired a new position in Liquidity Services in the fourth quarter valued at $3,477,000. Walleye Capital LLC acquired a new position in shares of Liquidity Services during the fourth quarter worth about $2,969,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Liquidity Services during the fourth quarter worth about $2,743,000. Institutional investors and hedge funds 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.