Steven Weiskircher Sells 20,045 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) SVP Steven Weiskircher sold 20,045 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $21.80, for a total value of $436,981.00. Following the transaction, the senior vice president now owns 80,097 shares in the company, valued at $1,746,114.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Liquidity Services Stock Down 1.8 %

Shares of LQDT stock opened at $22.09 on Wednesday. The company’s 50 day moving average is $20.93 and its 200 day moving average is $19.18. The firm has a market cap of $673.35 million, a price-to-earnings ratio of 33.98 and a beta of 1.35. Liquidity Services, Inc. has a 52-week low of $13.99 and a 52-week high of $22.87.

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

Wall Street Analyst Weigh In

LQDT has been the topic of a number of recent research reports. StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 13th. Barrington Research reiterated an “outperform” rating and set a $27.00 target price on shares of Liquidity Services in a report on Monday.

Hedge Funds Weigh In On Liquidity Services

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Liquidity Services by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 1,821,231 shares of the business services provider’s stock valued at $33,875,000 after buying an additional 52,997 shares in the last quarter. Access Investment Management LLC acquired a new stake in Liquidity Services in the fourth quarter valued at approximately $775,000. Acadian Asset Management LLC grew its holdings in Liquidity Services by 7.2% in the first quarter. Acadian Asset Management LLC now owns 435,193 shares of the business services provider’s stock worth $8,089,000 after purchasing an additional 29,070 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Liquidity Services by 1.0% during the fourth quarter. Wellington Management Group LLP now owns 419,600 shares of the business services provider’s stock worth $7,221,000 after purchasing an additional 4,100 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its holdings in shares of Liquidity Services by 8.9% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 777,960 shares of the business services provider’s stock valued at $14,470,000 after purchasing an additional 63,571 shares during the last quarter. 71.15% of the stock is currently owned by institutional investors.

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.