Liquidity Services, Inc. (NASDAQ:LQDT) VP Mark A. Shaffer Sells 6,005 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT) VP Mark A. Shaffer sold 6,005 shares of Liquidity Services stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $35.59, for a total transaction of $213,717.95. Following the sale, the vice president now directly owns 36,083 shares of the company’s stock, valued at $1,284,193.97. This represents a 14.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Liquidity Services Stock Up 3.5 %

Shares of NASDAQ LQDT opened at $35.55 on Thursday. Liquidity Services, Inc. has a twelve month low of $15.79 and a twelve month high of $39.72. The company’s fifty day moving average is $32.85 and its 200-day moving average is $26.29. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 47.40 and a beta of 1.36.

Liquidity Services (NASDAQ:LQDT) last posted its earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Hedge Funds Weigh In On Liquidity Services

Several institutional investors and hedge funds have recently modified their holdings of LQDT. Pacer Advisors Inc. lifted its stake in Liquidity Services by 9.5% in the third quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock valued at $20,092,000 after buying an additional 76,794 shares in the last quarter. State Street Corp raised its holdings in shares of Liquidity Services by 1.7% during the third quarter. State Street Corp now owns 852,306 shares of the business services provider’s stock worth $19,433,000 after acquiring an additional 13,947 shares during the period. Geode Capital Management LLC lifted its position in Liquidity Services by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock valued at $11,757,000 after acquiring an additional 2,392 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Liquidity Services by 57.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider’s stock worth $14,768,000 after purchasing an additional 167,767 shares during the period. Finally, Rice Hall James & Associates LLC increased its holdings in Liquidity Services by 1.3% during the 3rd quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider’s stock worth $8,374,000 after purchasing an additional 4,838 shares in the last quarter. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LQDT. Barrington Research reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Liquidity Services in a research note on Tuesday. Craig Hallum boosted their target price on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, StockNews.com cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 7th.

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.