Liquidity Services’ (LQDT) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research reissued their outperform rating on shares of Liquidity Services (NASDAQ:LQDT) in a research note issued to investors on Tuesday,Benzinga reports. Barrington Research currently has a $27.00 price objective on the business services provider’s stock.

Liquidity Services Price Performance

LQDT stock opened at $25.15 on Tuesday. The stock has a market capitalization of $767.88 million, a price-to-earnings ratio of 39.92 and a beta of 1.42. The company has a 50-day moving average of $23.61 and a two-hundred day moving average of $21.91. Liquidity Services has a 52-week low of $13.99 and a 52-week high of $26.15.

Insider Buying and Selling at Liquidity Services

In other news, CFO Jorge Celaya sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $22.03, for a total value of $220,300.00. Following the completion of the sale, the chief financial officer now directly owns 52,407 shares of the company’s stock, valued at approximately $1,154,526.21. This represents a 16.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 29.77% of the company’s stock.

Hedge Funds Weigh In On Liquidity Services

Several large investors have recently bought and sold shares of LQDT. Royce & Associates LP acquired a new stake in Liquidity Services in the 3rd quarter worth $488,000. Allspring Global Investments Holdings LLC acquired a new stake in Liquidity Services during the third quarter worth about $1,311,000. Intech Investment Management LLC acquired a new stake in Liquidity Services during the third quarter worth about $518,000. Acadian Asset Management LLC raised 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 acquiring an additional 68,407 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Liquidity Services in the 3rd quarter valued at approximately $496,000. 71.15% of the stock is currently owned by institutional investors and hedge funds.

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.