Liquidity Services, Inc. (NASDAQ:LQDT) Director Sells $1,117,550.00 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) Director Jaime Mateus-Tique sold 35,000 shares of Liquidity Services stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $31.93, for a total transaction of $1,117,550.00. Following the sale, the director now owns 298,262 shares of the company’s stock, valued at $9,523,505.66. The trade was a 10.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Liquidity Services Stock Performance

Shares of LQDT opened at $31.39 on Friday. The company has a 50 day moving average price of $33.28 and a 200-day moving average price of $28.61. Liquidity Services, Inc. has a fifty-two week low of $16.79 and a fifty-two week high of $39.72. The stock has a market capitalization of $974.31 million, a PE ratio of 41.85 and a beta of 1.26.

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

Institutional Investors Weigh In On Liquidity Services

Institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its position in shares of Liquidity Services by 651.4% during the fourth quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider’s stock valued at $25,790,000 after buying an additional 692,390 shares during the last quarter. Millennium Management LLC boosted its stake in Liquidity Services by 826.0% in the fourth quarter. Millennium Management LLC now owns 196,366 shares of the business services provider’s stock valued at $6,341,000 after acquiring an additional 175,161 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Liquidity Services by 57.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider’s stock valued at $14,768,000 after acquiring an additional 167,767 shares in the last quarter. Royce & Associates LP grew its holdings in Liquidity Services by 561.2% in the fourth 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 last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Liquidity Services during the fourth quarter worth $3,477,000. Institutional investors own 71.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LQDT shares. Craig Hallum lifted their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, December 13th. StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Finally, Barrington Research restated an “outperform” rating and set a $40.00 price target on shares of Liquidity Services in a research note on Wednesday, March 19th.

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.