Liquidity Services, Inc. (NASDAQ:LQDT) Director Sells $176,800.00 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) Director Beatriz V. Infante sold 5,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 82,990 shares of the company’s stock, valued at $2,934,526.40. The trade was a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Liquidity Services Stock Down 3.5 %

NASDAQ LQDT opened at $34.31 on Friday. The stock’s 50-day simple moving average is $33.96 and its two-hundred day simple moving average is $26.94. Liquidity Services, Inc. has a twelve month low of $16.79 and a twelve month high of $39.72. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 45.75 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 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 research firms have recently commented on LQDT. StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Wednesday. 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 report on Friday, December 13th. Finally, Barrington Research reiterated an “outperform” rating and issued a $40.00 price objective on shares of Liquidity Services in a research report on Tuesday, February 11th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LQDT. Ameriprise Financial Inc. increased its holdings in shares of Liquidity Services by 651.4% in the fourth quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider’s stock worth $25,790,000 after buying an additional 692,390 shares during the period. Millennium Management LLC increased its holdings in shares of Liquidity Services by 826.0% in the fourth quarter. Millennium Management LLC now owns 196,366 shares of the business services provider’s stock worth $6,341,000 after buying an additional 175,161 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of 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 worth $14,768,000 after buying an additional 167,767 shares during the period. Royce & Associates LP increased its holdings in shares of Liquidity Services by 561.2% in the fourth quarter. Royce & Associates LP now owns 141,649 shares of the business services provider’s stock worth $4,574,000 after buying an additional 120,226 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Liquidity Services in the fourth quarter worth about $3,477,000. Hedge funds and other 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.