Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) Director Sells 5,000 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT) Director Beatriz V. Infante sold 5,000 shares of Liquidity Services stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $35.36, for a total transaction of $176,800.00. Following the sale, the director now directly owns 82,990 shares in the company, valued at approximately $2,934,526.40. This trade represents a 5.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Liquidity Services Stock Performance

Shares of LQDT stock traded down $1.23 on Friday, hitting $34.31. 385,548 shares of the stock traded hands, compared to its average volume of 338,763. The firm’s 50-day moving average price is $33.98 and its two-hundred day moving average price is $26.84. The stock has a market capitalization of $1.06 billion, a PE ratio of 45.75 and a beta of 1.36. Liquidity Services, Inc. has a twelve month low of $16.79 and a twelve month high of $39.72.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

Institutional Investors Weigh In On Liquidity Services

A number of institutional investors and hedge funds have recently made changes to their positions in LQDT. Royce & Associates LP acquired a new stake in Liquidity Services in the 3rd quarter valued at approximately $488,000. Barclays PLC boosted its position in shares of Liquidity Services by 307.3% during the third quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock worth $899,000 after buying an additional 29,746 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Liquidity Services by 102.7% in the third quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider’s stock valued at $1,366,000 after buying an additional 30,360 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Liquidity Services in the 3rd quarter valued at $1,311,000. Finally, Intech Investment Management LLC acquired a new position in Liquidity Services during the 3rd quarter worth about $518,000. 71.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barrington Research reissued an “outperform” rating and set a $40.00 price target on shares of Liquidity Services in a research report on Tuesday, February 11th. Craig Hallum boosted their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, StockNews.com cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

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.