Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) SVP Sells $436,981.00 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) SVP Steven Weiskircher sold 20,045 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $21.80, for a total value of $436,981.00. Following the completion of the transaction, the senior vice president now directly owns 80,097 shares in the company, valued at $1,746,114.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Liquidity Services Stock Performance

LQDT stock opened at $21.76 on Friday. The stock’s 50 day simple moving average is $21.03 and its 200 day simple moving average is $19.21. Liquidity Services, Inc. has a fifty-two week low of $13.99 and a fifty-two week high of $22.87. The company has a market cap of $663.29 million, a P/E ratio of 33.48 and a beta of 1.35.

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

Analyst Ratings Changes

LQDT has been the topic of a number of recent analyst reports. StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 13th. Barrington Research reissued an “outperform” rating and issued a $27.00 price objective on shares of Liquidity Services in a research note on Monday.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in Liquidity Services during the 4th quarter worth approximately $50,000. AJOVista LLC bought a new stake in Liquidity Services during the 4th quarter worth approximately $53,000. Ashton Thomas Private Wealth LLC bought a new stake in Liquidity Services during the 2nd quarter worth approximately $87,000. Quest Partners LLC bought a new stake in Liquidity Services during the 4th quarter worth approximately $126,000. Finally, Jupiter Asset Management Ltd. bought a new stake in Liquidity Services during the 1st quarter worth approximately $202,000. 71.15% of the stock is owned by institutional investors and hedge funds.

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.