Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) Director Sells $272,150.45 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski sold 12,155 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $22.39, for a total value of $272,150.45. Following the sale, the director now owns 53,074 shares in the company, valued at approximately $1,188,326.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Liquidity Services Price Performance

Shares of NASDAQ:LQDT opened at $22.43 on Friday. The firm has a fifty day moving average price of $20.74 and a two-hundred day moving average price of $19.02. The company has a market cap of $683.71 million, a price-to-earnings ratio of 33.54 and a beta of 1.35. Liquidity Services, Inc. has a one year low of $13.99 and a one year high of $22.87.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LQDT. Barrington Research reiterated an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a research note on Monday, August 5th. StockNews.com raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Monday, May 13th.

Institutional Trading of Liquidity Services

Large investors have recently modified their holdings of the business. Public Sector Pension Investment Board raised its stake in Liquidity Services by 5.2% in the second quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider’s stock valued at $978,000 after purchasing an additional 2,430 shares in the last quarter. Sei Investments Co. increased its stake in Liquidity Services by 9.2% in the second quarter. Sei Investments Co. now owns 198,886 shares of the business services provider’s stock valued at $3,974,000 after acquiring an additional 16,736 shares during the last quarter. American Century Companies Inc. raised its position in Liquidity Services by 12.2% during the second quarter. American Century Companies Inc. now owns 37,110 shares of the business services provider’s stock valued at $741,000 after purchasing an additional 4,037 shares in the last quarter. Rice Hall James & Associates LLC lifted its stake in Liquidity Services by 6.7% during the second quarter. Rice Hall James & Associates LLC now owns 362,464 shares of the business services provider’s stock worth $7,242,000 after purchasing an additional 22,626 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Liquidity Services in the 2nd quarter worth about $87,000. Institutional investors own 71.15% of the company’s stock.

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.