Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) Insider Sells 22,188 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT) insider Mark A. Shaffer sold 22,188 shares of Liquidity Services stock in a transaction that occurred on Tuesday, May 11th. The shares were sold at an average price of $26.59, for a total value of $589,978.92. Following the completion of the transaction, the insider now owns 33,621 shares in the company, valued at $893,982.39. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

NASDAQ:LQDT opened at $26.14 on Friday. Liquidity Services, Inc. has a 1 year low of $4.77 and a 1 year high of $30.00. The stock has a fifty day moving average price of $19.31 and a two-hundred day moving average price of $16.22. The stock has a market capitalization of $918.19 million, a price-to-earnings ratio of -237.64 and a beta of 1.20.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, May 6th. The business services provider reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.08. Liquidity Services had a negative net margin of 1.83% and a positive return on equity of 2.17%. The business had revenue of $61.79 million for the quarter, compared to analysts’ expectations of $55.37 million. Sell-side analysts anticipate that Liquidity Services, Inc. will post 0.34 EPS for the current fiscal year.

Several equities research analysts have recently commented on the company. Zacks Investment Research cut Liquidity Services from a “hold” rating to a “sell” rating in a research note on Wednesday, April 7th. Barrington Research raised their target price on shares of Liquidity Services from $20.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, February 4th. Finally, TheStreet upgraded shares of Liquidity Services from a “c+” rating to a “b-” rating in a research note on Wednesday.

Several hedge funds have recently bought and sold shares of LQDT. BlackRock Inc. boosted its stake in shares of Liquidity Services by 5.0% during the 1st quarter. BlackRock Inc. now owns 4,270,400 shares of the business services provider’s stock worth $79,344,000 after acquiring an additional 204,671 shares in the last quarter. Staley Capital Advisers Inc. raised its holdings in Liquidity Services by 2.7% during the first quarter. Staley Capital Advisers Inc. now owns 2,300,000 shares of the business services provider’s stock worth $42,734,000 after purchasing an additional 60,000 shares during the last quarter. Acadian Asset Management LLC boosted its position in Liquidity Services by 10.3% during the first quarter. Acadian Asset Management LLC now owns 590,012 shares of the business services provider’s stock worth $10,962,000 after purchasing an additional 55,105 shares in the last quarter. Tygh Capital Management Inc. acquired a new stake in Liquidity Services in the first quarter valued at $8,962,000. Finally, Geode Capital Management LLC raised its stake in shares of Liquidity Services by 6.8% during the 1st quarter. Geode Capital Management LLC now owns 448,666 shares of the business services provider’s stock worth $8,336,000 after buying an additional 28,585 shares during the last quarter. Institutional investors own 61.43% of the company’s stock.

About Liquidity Services

Liquidity Services, Inc provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; govdeals.com 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, as well as offers asset sales and marketing services; and AllSurplus.com, a centralized marketplace that connects global buyer base with assets from across the network of legacy marketplaces in a single destination, as well as also serves as heavy equipment vertical.

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Insider Buying and Selling by Quarter for Liquidity Services (NASDAQ:LQDT)

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