Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) Insider Sells $348,800.00 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) insider Novelette Murray sold 10,000 shares of Liquidity Services stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $34.88, for a total value of $348,800.00. Following the completion of the transaction, the insider now owns 44,119 shares in the company, valued at $1,538,870.72. This represents a 18.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Liquidity Services Price Performance

Liquidity Services stock opened at $36.48 on Friday. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 48.64 and a beta of 1.36. Liquidity Services, Inc. has a 1-year low of $16.58 and a 1-year high of $39.72. The business has a fifty day moving average price of $33.29 and a 200-day moving average price of $26.48.

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

Institutional Trading of Liquidity Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LQDT. Arrowstreet Capital Limited Partnership lifted its position in Liquidity Services by 57.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider’s stock worth $14,768,000 after acquiring an additional 167,767 shares during the period. Royce & Associates LP lifted its position in Liquidity Services by 561.2% during the 4th quarter. Royce & Associates LP now owns 141,649 shares of the business services provider’s stock worth $4,574,000 after acquiring an additional 120,226 shares during the period. Marshall Wace LLP acquired a new stake in Liquidity Services during the 4th quarter worth about $3,477,000. Walleye Capital LLC acquired a new stake in Liquidity Services during the 4th quarter worth about $2,969,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Liquidity Services during the 4th quarter worth about $2,743,000. Institutional investors and hedge funds own 71.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LQDT shares. StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, February 7th. Craig Hallum raised their price objective 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, Barrington Research reissued an “outperform” rating and issued a $40.00 price objective on shares of Liquidity Services in a research report on Tuesday, February 11th.

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.