Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) Director Sells 29,169 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT) Director Jaime Mateus-Tique sold 29,169 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $29.06, for a total value of $847,651.14. Following the transaction, the director now owns 230,393 shares in the company, valued at $6,695,220.58. This trade represents a 11.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jaime Mateus-Tique also recently made the following trade(s):

• On Wednesday, April 9th, Jaime Mateus-Tique sold 931 shares of Liquidity Services stock. The shares were sold at an average price of $29.43, for a total value of $27,399.33.
• On Monday, March 24th, Jaime Mateus-Tique sold 35,000 shares of Liquidity Services stock. The shares were sold at an average price of $31.93, for a total value of $1,117,550.00.

Liquidity Services Stock Up 7.4 %

Shares of LQDT opened at $30.52 on Thursday. Liquidity Services, Inc. has a 52-week low of $16.79 and a 52-week high of $39.72. The company has a market capitalization of $947.31 million, a PE ratio of 40.69 and a beta of 1.39. The stock has a fifty day simple moving average of $32.07 and a two-hundred day simple moving average of $29.13.

Liquidity Services (NASDAQ:LQDT) last issued its earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share (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%.

Institutional Trading of Liquidity Services

A number of hedge funds and other institutional investors have recently modified their holdings of LQDT. Ameriprise Financial Inc. increased its position in shares of Liquidity Services by 651.4% during the 4th quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider’s stock worth $25,790,000 after purchasing an additional 692,390 shares during the last quarter. Millennium Management LLC boosted its holdings in Liquidity Services by 826.0% during the 4th quarter. Millennium Management LLC now owns 196,366 shares of the business services provider’s stock valued at $6,341,000 after acquiring an additional 175,161 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings 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 valued at $14,768,000 after acquiring an additional 167,767 shares during the period. GAMMA Investing LLC boosted its holdings in Liquidity Services by 3,194.8% during the 1st quarter. GAMMA Investing LLC now owns 159,764 shares of the business services provider’s stock valued at $5,152,000 after acquiring an additional 154,915 shares during the period. Finally, Royce & Associates LP boosted its holdings 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 valued at $4,574,000 after acquiring an additional 120,226 shares during the period. 71.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LQDT has been the subject of several recent research reports. Barrington Research reissued an “outperform” rating and issued a $40.00 price objective on shares of Liquidity Services in a research note on Wednesday, March 19th. StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Finally, Craig Hallum raised their target price on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, December 13th.

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.