Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt Sells 21,073 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt sold 21,073 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $22.18, for a total transaction of $467,399.14. Following the completion of the transaction, the executive vice president now owns 58,854 shares in the company, valued at $1,305,381.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Liquidity Services Trading Up 0.0 %

Liquidity Services stock opened at $21.77 on Friday. Liquidity Services, Inc. has a 12-month low of $13.99 and a 12-month high of $22.87. The firm has a market capitalization of $663.59 million, a price-to-earnings ratio of 33.49 and a beta of 1.35. The firm has a 50 day moving average of $21.08 and a 200 day moving average of $19.25.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The business had revenue of $93.61 million during the quarter. Liquidity Services had a net margin of 6.30% and a return on equity of 18.51%. During the same quarter in the previous year, the company earned $0.28 earnings per share.

Institutional Investors Weigh In On Liquidity Services

A number of institutional investors have recently bought and sold shares of LQDT. Louisiana State Employees Retirement System bought a new position in shares of Liquidity Services in the fourth quarter worth about $193,000. GAMMA Investing LLC purchased a new position in Liquidity Services in the 4th quarter worth approximately $50,000. Yousif Capital Management LLC lifted its holdings in Liquidity Services by 21.1% in the 4th quarter. Yousif Capital Management LLC now owns 13,729 shares of the business services provider’s stock worth $236,000 after purchasing an additional 2,393 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Liquidity Services by 2.2% in the 4th quarter. Victory Capital Management Inc. now owns 31,950 shares of the business services provider’s stock worth $550,000 after purchasing an additional 682 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in Liquidity Services during the 4th quarter valued at approximately $900,000. Hedge funds and other institutional investors own 71.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LQDT shares. StockNews.com upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 13th. Barrington Research reissued an “outperform” rating and set a $27.00 price target on shares of Liquidity Services in a report on Monday, August 26th.

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.