Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski Sells 2,000 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski sold 2,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $31.90, for a total value of $63,800.00. Following the completion of the transaction, the director now owns 17,229 shares of the company’s stock, valued at approximately $549,605.10. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, December 20th, Edward Kolodzieski sold 26,000 shares of Liquidity Services stock. The stock was sold at an average price of $31.29, for a total transaction of $813,540.00.

Liquidity Services Stock Up 0.8 %

Shares of NASDAQ:LQDT traded up $0.24 during trading on Monday, reaching $31.20. The stock had a trading volume of 259,844 shares, compared to its average volume of 142,236. Liquidity Services, Inc. has a fifty-two week low of $13.99 and a fifty-two week high of $36.00. The business has a fifty day moving average price of $25.14 and a 200-day moving average price of $22.60. The stock has a market cap of $959.12 million, a P/E ratio of 49.52 and a beta of 1.42.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of Liquidity Services by 29.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 1,005 shares during the last quarter. Franklin Resources Inc. grew its holdings in Liquidity Services by 7.3% in the third quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock valued at $339,000 after purchasing an additional 1,019 shares during the period. nVerses Capital LLC acquired a new position in Liquidity Services during the third quarter worth approximately $48,000. Geode Capital Management LLC raised its stake in Liquidity Services by 0.5% during the third quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock worth $11,757,000 after purchasing an additional 2,392 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Liquidity Services by 5.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider’s stock valued at $978,000 after purchasing an additional 2,430 shares during the last quarter. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on LQDT. StockNews.com upgraded shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Saturday. Barrington Research reissued an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a research note on Tuesday, December 10th. Finally, Craig Hallum upped their target price on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, December 13th.

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.