Liquidity Services, Inc. (NASDAQ:LQDT) CFO Sells $342,500.00 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) CFO Jorge Celaya sold 10,000 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $34.25, for a total value of $342,500.00. Following the transaction, the chief financial officer now owns 34,775 shares in the company, valued at approximately $1,191,043.75. This represents a 22.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jorge Celaya also recently made the following trade(s):

• On Wednesday, February 12th, Jorge Celaya sold 7,500 shares of Liquidity Services stock. The stock was sold at an average price of $35.33, for a total value of $264,975.00.
• On Monday, December 16th, Jorge Celaya sold 16,540 shares of Liquidity Services stock. The stock was sold at an average price of $34.10, for a total value of $564,014.00.

Liquidity Services Stock Up 0.5 %

Shares of Liquidity Services stock opened at $35.71 on Friday. The firm has a market cap of $1.10 billion, a P/E ratio of 47.61 and a beta of 1.36. Liquidity Services, Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $39.72. The business has a 50-day moving average price of $33.06 and a 200 day moving average price of $26.35.

Liquidity Services (NASDAQ:LQDT) last announced 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 analysts have recently issued reports on the company. Craig Hallum lifted their target price on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Barrington Research reaffirmed an “outperform” rating and set a $40.00 target price on shares of Liquidity Services in a research report on Tuesday. Finally, StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 7th.

Institutional Trading of Liquidity Services

Several hedge funds and other institutional investors have recently bought and sold shares of LQDT. Arrowstreet Capital Limited Partnership increased its holdings in Liquidity Services by 57.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider’s stock valued at $14,768,000 after buying an additional 167,767 shares during the last quarter. Royce & Associates LP increased its holdings in Liquidity Services by 561.2% in 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. Marshall Wace LLP bought a new stake in Liquidity Services in the fourth quarter valued at about $3,477,000. Walleye Capital LLC bought a new position in shares of Liquidity Services during the fourth quarter valued at approximately $2,969,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Liquidity Services during the fourth quarter valued at approximately $2,743,000. 71.15% of the stock is 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.