Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) SVP Sells 582 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT) SVP Steven Weiskircher sold 582 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $33.31, for a total value of $19,386.42. Following the sale, the senior vice president now directly owns 88,070 shares in the company, valued at approximately $2,933,611.70. The trade was a 0.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Liquidity Services Stock Performance

NASDAQ LQDT traded down $0.07 on Wednesday, reaching $31.09. 368,948 shares of the company’s stock traded hands, compared to its average volume of 135,426. The stock has a 50 day moving average price of $24.78 and a 200-day moving average price of $22.41. The firm has a market cap of $955.74 million, a price-to-earnings ratio of 49.35 and a beta of 1.42. Liquidity Services, Inc. has a fifty-two week low of $13.99 and a fifty-two week high of $36.00.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Barrington Research restated an “outperform” rating and set a $27.00 target price on shares of Liquidity Services in a research note on Tuesday, December 10th. Craig Hallum raised their target price on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in shares of Liquidity Services by 29.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock worth $99,000 after purchasing an additional 1,005 shares during the period. Franklin Resources Inc. raised its position in shares of Liquidity Services by 7.3% in the third quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock worth $339,000 after acquiring an additional 1,019 shares during the period. nVerses Capital LLC acquired a new position in shares of Liquidity Services in the third quarter worth about $48,000. Geode Capital Management LLC boosted its stake in shares of Liquidity Services by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock worth $11,757,000 after acquiring an additional 2,392 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in shares of Liquidity Services by 5.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider’s stock valued at $978,000 after purchasing an additional 2,430 shares in the last quarter. 71.15% of the stock is currently owned by hedge funds and other institutional investors.

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.