Liquidity Services, Inc. (NASDAQ:LQDT) VP Mark A. Shaffer Sells 7,673 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) VP Mark A. Shaffer sold 7,673 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $21.94, for a total value of $168,345.62. Following the sale, the vice president now directly owns 46,461 shares in the company, valued at approximately $1,019,354.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Liquidity Services Trading Up 0.2 %

LQDT stock traded up $0.05 during trading on Wednesday, reaching $21.87. 70,565 shares of the stock were exchanged, compared to its average volume of 120,740. The company has a market capitalization of $666.64 million, a P/E ratio of 33.65 and a beta of 1.35. Liquidity Services, Inc. has a twelve month low of $13.99 and a twelve month high of $22.87. The stock has a 50 day simple moving average of $20.65 and a 200-day simple moving average of $18.98.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The firm had revenue of $93.61 million during the quarter. Liquidity Services had a net margin of 6.30% and a return on equity of 18.51%. During the same quarter in the prior year, the firm posted $0.28 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LQDT shares. StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 13th. Barrington Research reaffirmed an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research report on Monday, August 5th.

Institutional Trading of Liquidity Services

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Liquidity Services by 3.0% during 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 during the last quarter. Dimensional Fund Advisors LP grew its stake in Liquidity Services by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,140,649 shares of the business services provider’s stock worth $19,630,000 after buying an additional 7,868 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in shares of Liquidity Services by 8.9% in 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 in the last quarter. Acadian Asset Management LLC raised its position 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 worth $10,060,000 after purchasing an additional 68,407 shares during the period. Finally, Wellington Management Group LLP boosted its position in Liquidity Services by 1.0% during the 4th quarter. Wellington Management Group LLP now owns 419,600 shares of the business services provider’s stock valued at $7,221,000 after buying an additional 4,100 shares during the period. 71.15% of the stock is owned by institutional investors and hedge funds.

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.