Liquidity Services, Inc. (NASDAQ:LQDT) Insider Novelette Murray Sells 7,938 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT) insider Novelette Murray sold 7,938 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $33.96, for a total value of $269,574.48. Following the sale, the insider now directly owns 36,181 shares of the company’s stock, valued at $1,228,706.76. The trade was a 17.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Novelette Murray also recently made the following trade(s):

• On Wednesday, February 12th, Novelette Murray sold 10,000 shares of Liquidity Services stock. The stock was sold at an average price of $34.88, for a total value of $348,800.00.

Liquidity Services Price Performance

Shares of LQDT opened at $33.06 on Friday. Liquidity Services, Inc. has a 1 year low of $16.79 and a 1 year high of $39.72. The stock’s fifty day moving average price is $34.10 and its two-hundred day moving average price is $27.29. The firm has a market cap of $1.03 billion, a PE ratio of 44.08 and a beta of 1.36.

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

Analysts Set New Price Targets

A number of research firms have recently commented on LQDT. Barrington Research reiterated an “outperform” rating and set a $40.00 target price on shares of Liquidity Services in a research note on Tuesday, February 11th. Craig Hallum lifted their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, StockNews.com downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th.

Institutional Trading of Liquidity Services

Several hedge funds and other institutional investors have recently modified their holdings of LQDT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Liquidity Services by 25.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,511 shares of the business services provider’s stock valued at $2,309,000 after buying an additional 14,542 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Liquidity Services in the fourth quarter worth $317,000. Two Sigma Advisers LP boosted its holdings in shares of Liquidity Services by 48.4% in the fourth quarter. Two Sigma Advisers LP now owns 69,300 shares of the business services provider’s stock worth $2,238,000 after acquiring an additional 22,600 shares during the period. Two Sigma Investments LP raised its stake in shares of Liquidity Services by 108.1% during the 4th quarter. Two Sigma Investments LP now owns 98,014 shares of the business services provider’s stock valued at $3,165,000 after purchasing an additional 50,925 shares during the period. Finally, Tidal Investments LLC lifted its holdings in Liquidity Services by 13.6% during the 4th quarter. Tidal Investments LLC now owns 40,415 shares of the business services provider’s stock worth $1,305,000 after purchasing an additional 4,849 shares in the last quarter. Institutional investors 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.