Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) SVP Sells 10,815 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT) SVP Steven Weiskircher sold 10,815 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $33.99, for a total value of $367,601.85. Following the completion of the transaction, the senior vice president now directly owns 58,401 shares of the company’s stock, valued at $1,985,049.99. This represents a 15.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Steven Weiskircher also recently made the following trade(s):

• On Wednesday, February 12th, Steven Weiskircher sold 5,000 shares of Liquidity Services stock. The shares were sold at an average price of $35.26, for a total transaction of $176,300.00.
• On Monday, December 16th, Steven Weiskircher sold 582 shares of Liquidity Services stock. The stock was sold at an average price of $33.31, for a total transaction of $19,386.42.

Liquidity Services Trading Up 3.5 %

Shares of LQDT traded up $1.21 during midday trading on Wednesday, reaching $35.55. The stock had a trading volume of 537,410 shares, compared to its average volume of 323,314. The company’s 50-day moving average is $32.85 and its 200 day moving average is $26.29. Liquidity Services, Inc. has a 12-month low of $15.79 and a 12-month high of $39.72. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 47.40 and a beta of 1.36.

Liquidity Services (NASDAQ:LQDT) last released its earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, beating 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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings 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 acquiring an additional 167,767 shares during the last quarter. Royce & Associates LP increased its holdings in Liquidity Services by 561.2% during the fourth quarter. Royce & Associates LP now owns 141,649 shares of the business services provider’s stock valued at $4,574,000 after buying an additional 120,226 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Liquidity Services during the 4th quarter worth $2,743,000. JPMorgan Chase & Co. boosted its stake in shares of Liquidity Services by 140.4% during the 4th quarter. JPMorgan Chase & Co. now owns 144,081 shares of the business services provider’s stock worth $4,652,000 after acquiring an additional 84,154 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Liquidity Services by 9.5% during the 3rd quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock worth $20,092,000 after acquiring an additional 76,794 shares during the last quarter. Hedge funds and other institutional investors own 71.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Craig Hallum raised their price objective on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, December 13th. StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, February 7th. Finally, Barrington Research restated an “outperform” rating and issued a $40.00 target price on shares of Liquidity Services in a research note on Tuesday.

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.