Edward Kolodzieski Sells 26,000 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski sold 26,000 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $31.29, for a total transaction of $813,540.00. Following the completion of the sale, the director now owns 19,229 shares in the company, valued at $601,675.41. The trade was a 57.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Edward Kolodzieski also recently made the following trade(s):

• On Monday, December 23rd, Edward Kolodzieski sold 2,000 shares of Liquidity Services stock. The shares were sold at an average price of $31.90, for a total value of $63,800.00.

Liquidity Services Price Performance

Shares of NASDAQ:LQDT traded up $0.24 on Monday, reaching $31.20. The company’s stock had a trading volume of 259,844 shares, compared to its average volume of 142,236. Liquidity Services, Inc. has a 52-week low of $13.99 and a 52-week high of $36.00. The stock’s 50-day moving average is $25.14 and its two-hundred day moving average is $22.60. The stock has a market capitalization of $959.12 million, a P/E ratio of 49.52 and a beta of 1.42.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. StockNews.com upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Saturday. Barrington Research reiterated an “outperform” rating and issued a $27.00 price target on shares of Liquidity Services in a research note on Tuesday, December 10th. Finally, Craig Hallum boosted their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, December 13th.

Institutional Trading of Liquidity Services

A number of hedge funds have recently added to or reduced their stakes in LQDT. Panagora Asset Management Inc. lifted its holdings in shares of 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 period. Victory Capital Management Inc. raised its position in Liquidity Services by 6.9% during 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 during the last quarter. Acadian Asset Management LLC lifted its stake in shares of 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 worth $10,060,000 after acquiring an additional 68,407 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Liquidity Services in the second quarter valued at about $87,000. Finally, Rice Hall James & Associates LLC increased its stake in shares of Liquidity Services by 6.7% during the second quarter. Rice Hall James & Associates LLC now owns 362,464 shares of the business services provider’s stock worth $7,242,000 after acquiring an additional 22,626 shares during the period. 71.15% of the stock is 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.