Liquidity Services, Inc. (NASDAQ:LQDT) CFO Jorge Celaya Sells 7,500 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) CFO Jorge Celaya sold 7,500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $35.33, for a total value of $264,975.00. Following the completion of the sale, the chief financial officer now owns 27,275 shares of the company’s stock, valued at approximately $963,625.75. This trade represents a 21.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Jorge Celaya also recently made the following trade(s):

• On Monday, February 10th, Jorge Celaya sold 10,000 shares of Liquidity Services stock. The stock was sold at an average price of $34.25, for a total transaction of $342,500.00.
• On Monday, December 16th, Jorge Celaya sold 16,540 shares of Liquidity Services stock. The shares were sold at an average price of $34.10, for a total transaction of $564,014.00.

Liquidity Services Trading Up 3.5 %

Shares of NASDAQ LQDT opened at $35.55 on Thursday. Liquidity Services, Inc. has a 1 year low of $15.79 and a 1 year high of $39.72. The firm’s 50-day moving average is $32.85 and its 200-day moving average is $26.29. The firm has a market capitalization of $1.10 billion, a PE ratio of 47.40 and a beta of 1.36.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 EPS 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%.

Hedge Funds Weigh In On Liquidity Services

Several institutional investors have recently modified their holdings of the stock. Royce & Associates LP bought a new position in Liquidity Services during the 3rd quarter worth approximately $488,000. Barclays PLC raised its holdings in Liquidity Services by 307.3% in the third quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock worth $899,000 after purchasing an additional 29,746 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Liquidity Services by 102.7% during the third quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider’s stock worth $1,366,000 after purchasing an additional 30,360 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Liquidity Services during the third quarter worth $1,311,000. Finally, Intech Investment Management LLC acquired a new position in shares of Liquidity Services in the 3rd quarter valued at $518,000. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LQDT. Craig Hallum increased their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Barrington Research reiterated an “outperform” rating and issued a $40.00 price objective on shares of Liquidity Services in a research report on Tuesday. Finally, StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report 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.