Liquidity Services, Inc. (NASDAQ:LQDT) VP Mark A. Shaffer Sells 6,005 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) VP Mark A. Shaffer sold 6,005 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $35.59, for a total transaction of $213,717.95. Following the completion of the transaction, the vice president now directly owns 36,083 shares in the company, valued at $1,284,193.97. The trade was a 14.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Liquidity Services Price Performance

Liquidity Services stock traded up $1.21 during trading hours on Wednesday, reaching $35.55. The stock had a trading volume of 537,410 shares, compared to its average volume of 323,314. The stock has a market cap of $1.10 billion, a PE ratio of 47.40 and a beta of 1.36. Liquidity Services, Inc. has a 52 week low of $15.79 and a 52 week high of $39.72. The company has a fifty day simple moving average of $32.85 and a 200-day simple moving average of $26.29.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 large investors have recently added to or reduced their stakes in LQDT. Arrowstreet Capital Limited Partnership grew its holdings in Liquidity Services by 57.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider’s stock worth $14,768,000 after acquiring an additional 167,767 shares during the last quarter. Royce & Associates LP lifted its position in shares of Liquidity Services by 561.2% in the 4th quarter. Royce & Associates LP now owns 141,649 shares of the business services provider’s stock worth $4,574,000 after purchasing an additional 120,226 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Liquidity Services in the 4th quarter worth about $2,743,000. JPMorgan Chase & Co. lifted its position in shares of Liquidity Services by 140.4% in the 4th quarter. JPMorgan Chase & Co. now owns 144,081 shares of the business services provider’s stock worth $4,652,000 after purchasing an additional 84,154 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of Liquidity Services by 9.5% in the 3rd quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock worth $20,092,000 after purchasing an additional 76,794 shares during the period. Institutional investors own 71.15% of the company’s stock.

Analyst Upgrades and Downgrades

LQDT has been the topic of several recent research reports. Craig Hallum increased their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday, December 13th. StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, February 7th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $40.00 target price on shares of Liquidity Services in a report on Tuesday.

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.