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

Liquidity Services, Inc. (NASDAQ:LQDT) VP Mark A. Shaffer sold 6,005 shares of Liquidity Services stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $35.59, for a total value of $213,717.95. Following the completion of the transaction, the vice president now owns 36,083 shares in the company, valued at approximately $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 available at this link.

Liquidity Services Price Performance

Shares of NASDAQ:LQDT opened at $36.48 on Friday. Liquidity Services, Inc. has a 1 year low of $16.58 and a 1 year high of $39.72. The company has a market cap of $1.12 billion, a PE ratio of 48.64 and a beta of 1.36. The stock’s 50-day moving average is $33.29 and its 200 day moving average is $26.45.

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, beating 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%.

Wall Street Analyst Weigh In

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

Institutional Trading of Liquidity Services

Several large investors have recently bought and sold shares of LQDT. SG Americas Securities LLC bought a new stake in Liquidity Services during the 3rd quarter valued at approximately $298,000. GAMMA Investing LLC boosted its position in Liquidity Services by 29.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 1,005 shares in the last quarter. nVerses Capital LLC bought a new stake in Liquidity Services during the 3rd quarter valued at approximately $48,000. Allspring Global Investments Holdings LLC bought a new stake in Liquidity Services during the 3rd quarter valued at approximately $1,311,000. Finally, Assenagon Asset Management S.A. boosted its position in Liquidity Services by 4.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 237,725 shares of the business services provider’s stock valued at $5,420,000 after acquiring an additional 11,022 shares in the last quarter. 71.15% of the stock is owned by institutional investors.

Liquidity Services Company Profile

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.