Liquidity Services (NASDAQ:LQDT) Sets New 52-Week High – Time to Buy?

Liquidity Services, Inc. (NASDAQ:LQDT)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $26.24 and last traded at $25.93, with a volume of 218369 shares changing hands. The stock had previously closed at $25.15.

Analyst Ratings Changes

Separately, Barrington Research reissued an “outperform” rating and issued a $27.00 price target on shares of Liquidity Services in a report on Tuesday.

Liquidity Services Stock Performance

The firm’s 50-day simple moving average is $23.61 and its 200 day simple moving average is $21.91. The stock has a market capitalization of $786.20 million, a P/E ratio of 39.92 and a beta of 1.42.

Insider Activity

In other news, CFO Jorge Celaya sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $22.03, for a total value of $220,300.00. Following the sale, the chief financial officer now directly owns 52,407 shares in the company, valued at approximately $1,154,526.21. This trade represents a 16.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 29.77% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its position in shares of Liquidity Services by 4.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,894 shares of the business services provider’s stock worth $389,000 after purchasing an additional 870 shares during the period. Access Investment Management LLC grew its holdings in Liquidity Services by 81.7% during the 2nd quarter. Access Investment Management LLC now owns 82,335 shares of the business services provider’s stock valued at $1,645,000 after buying an additional 37,010 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of Liquidity Services by 14.6% in the second quarter. Panagora Asset Management Inc. now owns 122,404 shares of the business services provider’s stock worth $2,446,000 after buying an additional 15,592 shares in the last quarter. Victory Capital Management Inc. grew its stake in Liquidity Services by 6.9% in the 2nd quarter. Victory Capital Management Inc. now owns 57,606 shares of the business services provider’s stock worth $1,151,000 after buying an additional 3,700 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Liquidity Services by 15.7% during 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. 71.15% of the stock is owned by institutional investors.

About Liquidity Services

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.