Liquidity Services, Inc. (NASDAQ:LQDT) VP Mark A. Shaffer Sells 13,314 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) VP Mark A. Shaffer sold 13,314 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $22.56, for a total transaction of $300,363.84. Following the transaction, the vice president now owns 38,415 shares of the company’s stock, valued at $866,642.40. The transaction was disclosed in a filing with the SEC, which is available through this link.

Liquidity Services Price Performance

NASDAQ LQDT traded up $0.05 during trading hours on Wednesday, reaching $21.87. The company’s stock had a trading volume of 70,565 shares, compared to its average volume of 120,740. 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 P/E ratio of 33.65 and a beta of 1.35. The firm has a fifty day simple moving average of $20.65 and a 200-day simple moving average of $18.98.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC bought a new stake in shares of Liquidity Services in the 4th quarter valued at about $50,000. AJOVista LLC acquired a new position in shares of Liquidity Services in the fourth quarter worth approximately $53,000. Ashton Thomas Private Wealth LLC bought a new stake in Liquidity Services in the second quarter valued at approximately $87,000. Quest Partners LLC bought a new stake in Liquidity Services in the fourth quarter valued at approximately $126,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Liquidity Services during the 4th quarter valued at approximately $193,000. 71.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LQDT has been the topic of a number of research reports. StockNews.com raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 13th. Barrington Research restated an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a research report on Monday, August 5th.

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.