Liquidity Services, Inc. (NASDAQ:LQDT) Insider Novelette Murray Sells 10,000 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT) insider Novelette Murray sold 10,000 shares of Liquidity Services stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $34.88, for a total transaction of $348,800.00. Following the completion of the sale, the insider now owns 44,119 shares of the company’s stock, valued at $1,538,870.72. This trade represents a 18.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Liquidity Services Trading Up 0.5 %

Shares of Liquidity Services stock opened at $35.71 on Friday. Liquidity Services, Inc. has a 1-year low of $16.11 and a 1-year high of $39.72. The firm has a fifty day simple moving average of $33.06 and a 200-day simple moving average of $26.35. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 47.61 and a beta of 1.36.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating 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%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on LQDT shares. StockNews.com downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, February 7th. Barrington Research restated an “outperform” rating and set a $40.00 target price on shares of Liquidity Services in a report on Tuesday. Finally, Craig Hallum upped their price target on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, December 13th.

Institutional Trading of Liquidity Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd acquired a new position in shares of Liquidity Services during the fourth quarter worth approximately $38,000. nVerses Capital LLC acquired a new position in Liquidity Services during the 3rd quarter valued at $48,000. R Squared Ltd bought a new stake in Liquidity Services in the 4th quarter valued at $66,000. KLP Kapitalforvaltning AS acquired a new stake in Liquidity Services in the 4th quarter worth $132,000. Finally, GAMMA Investing LLC increased its holdings in shares of Liquidity Services by 11.2% during the 4th quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider’s stock worth $157,000 after purchasing an additional 487 shares during the period. Institutional investors and hedge funds own 71.15% of the company’s stock.

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.