Jorge Celaya Sells 16,540 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) CFO Jorge Celaya sold 16,540 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $34.10, for a total value of $564,014.00. Following the sale, the chief financial officer now directly owns 33,608 shares in the company, valued at $1,146,032.80. This represents a 32.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Liquidity Services Stock Down 0.2 %

Shares of NASDAQ LQDT traded down $0.07 during midday trading on Wednesday, hitting $31.09. The stock had a trading volume of 368,948 shares, compared to its average volume of 135,426. Liquidity Services, Inc. has a 1 year low of $13.99 and a 1 year high of $36.00. The company has a market capitalization of $955.74 million, a PE ratio of 49.35 and a beta of 1.42. The stock has a 50 day simple moving average of $24.78 and a 200-day simple moving average of $22.41.

Analyst Ratings Changes

Several brokerages recently weighed in on LQDT. Craig Hallum lifted their price target on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, December 13th. StockNews.com cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 13th. Finally, Barrington Research reiterated an “outperform” rating and set a $27.00 target price on shares of Liquidity Services in a research report on Tuesday, December 10th.

Hedge Funds Weigh In On Liquidity Services

Several hedge funds and other institutional investors have recently modified their holdings of LQDT. Access Investment Management LLC lifted its position in Liquidity Services by 81.7% during the second quarter. Access Investment Management LLC now owns 82,335 shares of the business services provider’s stock worth $1,645,000 after buying an additional 37,010 shares in the last quarter. Panagora Asset Management Inc. increased its position in Liquidity Services by 14.6% during the second quarter. Panagora Asset Management Inc. now owns 122,404 shares of the business services provider’s stock worth $2,446,000 after purchasing an additional 15,592 shares during the last quarter. Victory Capital Management Inc. raised its stake in Liquidity Services by 6.9% during the second quarter. Victory Capital Management Inc. now owns 57,606 shares of the business services provider’s stock worth $1,151,000 after purchasing an additional 3,700 shares during the period. Acadian Asset Management LLC boosted its holdings in Liquidity Services by 15.7% in the 2nd quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock valued at $10,060,000 after purchasing an additional 68,407 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Liquidity Services in the 2nd quarter valued at approximately $87,000. 71.15% of the stock is owned by hedge funds and other institutional investors.

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.