Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt Sells 41,454 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt sold 41,454 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $21.75, for a total value of $901,624.50. Following the sale, the executive vice president now owns 50,712 shares of the company’s stock, valued at $1,102,986. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

John Daunt also recently made the following trade(s):

• On Monday, September 9th, John Daunt sold 7,403 shares of Liquidity Services stock. The stock was sold at an average price of $21.26, for a total value of $157,387.78.
• On Tuesday, August 27th, John Daunt sold 21,073 shares of Liquidity Services stock. The shares were sold at an average price of $22.18, for a total transaction of $467,399.14.

Liquidity Services Price Performance

NASDAQ LQDT traded up $0.90 on Tuesday, reaching $22.41. The company had a trading volume of 127,153 shares, compared to its average volume of 120,126. Liquidity Services, Inc. has a 1 year low of $13.99 and a 1 year high of $22.87. The firm has a 50-day moving average of $21.28 and a 200-day moving average of $19.48. The firm has a market capitalization of $683.10 million, a PE ratio of 34.48 and a beta of 1.37.

Liquidity Services (NASDAQ:LQDT) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The business had revenue of $93.61 million for the quarter. Liquidity Services had a net margin of 5.91% and a return on equity of 18.47%. During the same period in the previous year, the firm posted $0.28 earnings per share.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LQDT shares. Barrington Research reissued an “outperform” rating and issued a $27.00 price objective on shares of Liquidity Services in a research report on Monday, August 26th. StockNews.com upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Monday, May 13th.

Hedge Funds Weigh In On Liquidity Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LQDT. Acadian Asset Management LLC lifted its stake in shares of Liquidity Services by 15.7% in the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock worth $10,060,000 after acquiring an additional 68,407 shares in the last quarter. Silvercrest Asset Management Group LLC increased its holdings in Liquidity Services by 8.9% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 777,960 shares of the business services provider’s stock worth $14,470,000 after purchasing an additional 63,571 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Liquidity Services by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 1,821,231 shares of the business services provider’s stock valued at $33,875,000 after purchasing an additional 52,997 shares in the last quarter. Access Investment Management LLC boosted its stake in shares of Liquidity Services by 81.7% during the 2nd quarter. Access Investment Management LLC now owns 82,335 shares of the business services provider’s stock valued at $1,645,000 after buying an additional 37,010 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Liquidity Services during the fourth quarter worth approximately $471,000. 71.15% of the stock is owned by hedge funds and other institutional investors.

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.