Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) VP Sells 7,069 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT) VP Mark A. Shaffer sold 7,069 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $22.30, for a total value of $157,638.70. Following the completion of the transaction, the vice president now directly owns 39,392 shares in the company, valued at approximately $878,441.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Liquidity Services Stock Performance

Shares of LQDT stock traded down $0.41 during mid-day trading on Tuesday, hitting $22.09. 87,685 shares of the stock were exchanged, compared to its average volume of 120,901. The stock’s fifty day simple moving average is $20.87 and its two-hundred day simple moving average is $19.13. The stock has a market capitalization of $673.35 million, a price-to-earnings ratio of 33.98 and a beta of 1.35. Liquidity Services, Inc. has a 12-month low of $13.99 and a 12-month high of $22.87.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.06. Liquidity Services had a return on equity of 18.51% and a net margin of 6.30%. The company had revenue of $93.61 million for the quarter. During the same period in the previous year, the business posted $0.28 EPS.

Analyst Ratings Changes

Several equities analysts recently commented on LQDT shares. StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Monday, May 13th. Barrington Research reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a report on Monday.

Institutional Investors Weigh In On Liquidity Services

Several hedge funds have recently made changes to their positions in LQDT. GAMMA Investing LLC acquired a new stake in Liquidity Services in the fourth quarter valued at about $50,000. AJOVista LLC acquired a new stake in Liquidity Services in the fourth quarter valued at about $53,000. Ashton Thomas Private Wealth LLC acquired a new stake in Liquidity Services in the second quarter valued at about $87,000. Quest Partners LLC acquired a new stake in Liquidity Services in the fourth quarter valued at about $126,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Liquidity Services in the fourth quarter valued at about $193,000. Institutional investors and hedge funds own 71.15% of the company’s stock.

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.