Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) Director Sells $813,540.00 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski sold 26,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $31.29, for a total value of $813,540.00. Following the completion of the sale, the director now directly owns 19,229 shares in the company, valued at approximately $601,675.41. The trade was a 57.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Edward Kolodzieski also recently made the following trade(s):

• On Monday, December 23rd, Edward Kolodzieski sold 2,000 shares of Liquidity Services stock. The stock was sold at an average price of $31.90, for a total transaction of $63,800.00.

Liquidity Services Price Performance

Shares of Liquidity Services stock opened at $31.72 on Thursday. The stock’s 50 day simple moving average is $25.67 and its 200-day simple moving average is $22.83. The stock has a market cap of $975.10 million, a P/E ratio of 50.35 and a beta of 1.42. Liquidity Services, Inc. has a 1-year low of $13.99 and a 1-year high of $36.00.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LQDT. Barrington Research restated an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research report on Tuesday, December 10th. Craig Hallum raised their price objective on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, StockNews.com raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 21st.

Hedge Funds Weigh In On Liquidity Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. raised its holdings in shares of Liquidity Services by 14.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 122,404 shares of the business services provider’s stock worth $2,446,000 after acquiring an additional 15,592 shares during the period. Victory Capital Management Inc. raised its stake in Liquidity Services by 6.9% during the second quarter. Victory Capital Management Inc. now owns 57,606 shares of the business services provider’s stock worth $1,151,000 after purchasing an additional 3,700 shares during the period. Acadian Asset Management LLC boosted its holdings in Liquidity Services by 15.7% in the 2nd quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock valued at $10,060,000 after purchasing an additional 68,407 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Liquidity Services in the 2nd quarter valued at approximately $87,000. Finally, Rice Hall James & Associates LLC increased its holdings in shares of Liquidity Services by 6.7% during the 2nd quarter. Rice Hall James & Associates LLC now owns 362,464 shares of the business services provider’s stock worth $7,242,000 after buying an additional 22,626 shares during the last quarter. 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.