Liquidity Services, Inc. (NASDAQ:LQDT) Insider Novelette Murray Sells 8,411 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) insider Novelette Murray sold 8,411 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $22.22, for a total transaction of $186,892.42. Following the sale, the insider now owns 43,173 shares in the company, valued at approximately $959,304.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Liquidity Services Stock Down 1.8 %

Shares of Liquidity Services stock opened at $22.09 on Wednesday. The company has a market cap of $673.35 million, a price-to-earnings ratio of 33.98 and a beta of 1.35. The company’s 50 day moving average is $20.93 and its 200 day moving average is $19.18. Liquidity Services, Inc. has a twelve month low of $13.99 and a twelve month high of $22.87.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Liquidity Services by 3.0% in the first quarter. Vanguard Group Inc. now owns 1,821,231 shares of the business services provider’s stock worth $33,875,000 after acquiring an additional 52,997 shares during the period. Access Investment Management LLC bought a new position in Liquidity Services in the fourth quarter worth approximately $775,000. Acadian Asset Management LLC raised its position in Liquidity Services by 7.2% in the first quarter. Acadian Asset Management LLC now owns 435,193 shares of the business services provider’s stock worth $8,089,000 after acquiring an additional 29,070 shares during the period. Wellington Management Group LLP raised its position in Liquidity Services by 1.0% in the fourth quarter. Wellington Management Group LLP now owns 419,600 shares of the business services provider’s stock worth $7,221,000 after acquiring an additional 4,100 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its position in Liquidity Services by 8.9% in the first quarter. Silvercrest Asset Management Group LLC now owns 777,960 shares of the business services provider’s stock worth $14,470,000 after acquiring an additional 63,571 shares during the period. 71.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LQDT. Barrington Research restated an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a research report on Monday. StockNews.com upgraded shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 13th.

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.