Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) VP Sells 3,633 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT) VP Mark A. Shaffer sold 3,633 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $34.70, for a total value of $126,065.10. Following the completion of the transaction, the vice president now owns 46,200 shares of the company’s stock, valued at $1,603,140. The trade was a 7.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Liquidity Services Stock Performance

Shares of LQDT stock traded up $1.21 during mid-day trading on Wednesday, reaching $35.55. 537,410 shares of the company’s stock traded hands, compared to its average volume of 323,314. Liquidity Services, Inc. has a 12 month low of $15.79 and a 12 month high of $39.72. The firm has a market capitalization of $1.10 billion, a PE ratio of 47.40 and a beta of 1.36. The firm has a 50 day moving average price of $32.85 and a two-hundred day moving average price of $26.29.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings data 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 net margin of 6.37% and a return on equity of 20.94%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Royce & Associates LP acquired a new position in Liquidity Services in the 3rd quarter valued at $488,000. Barclays PLC lifted its position in shares of Liquidity Services by 307.3% during the 3rd quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock worth $899,000 after purchasing an additional 29,746 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Liquidity Services by 102.7% during the third quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider’s stock worth $1,366,000 after purchasing an additional 30,360 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Liquidity Services in the 3rd quarter valued at about $1,311,000. Finally, Intech Investment Management LLC acquired a new position in Liquidity Services in the third quarter valued at $518,000. 71.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LQDT shares. Craig Hallum lifted their price target on shares of 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 cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Barrington Research reissued an “outperform” rating and issued a $40.00 price target on shares of Liquidity Services in a research note on Tuesday.

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.