Liquidity Services, Inc. (NASDAQ:LQDT) VP Mark A. Shaffer Sells 3,633 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) VP Mark A. Shaffer sold 3,633 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $34.70, for a total transaction of $126,065.10. Following the sale, the vice president now directly owns 46,200 shares of the company’s stock, valued at $1,603,140. This represents a 7.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Liquidity Services Trading Up 0.5 %

Shares of NASDAQ LQDT opened at $35.71 on Friday. Liquidity Services, Inc. has a 12-month low of $16.11 and a 12-month high of $39.72. The stock has a market cap of $1.10 billion, a PE ratio of 47.61 and a beta of 1.36. The company has a 50-day moving average of $33.06 and a 200 day moving average 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 (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Barrington Research reissued an “outperform” rating and set a $40.00 target price on shares of Liquidity Services in a research note on Tuesday. StockNews.com cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 7th. Finally, Craig Hallum upped their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, December 13th.

Hedge Funds Weigh In On Liquidity Services

Institutional investors and hedge funds have recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new position in Liquidity Services in the 4th quarter valued at about $38,000. nVerses Capital LLC acquired a new position in Liquidity Services in the 3rd quarter valued at about $48,000. R Squared Ltd acquired a new position in Liquidity Services in the 4th quarter valued at about $66,000. GAMMA Investing LLC boosted its holdings in Liquidity Services by 29.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 1,005 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Liquidity Services in the 4th quarter valued at about $132,000. 71.15% of the stock is currently owned by institutional investors and hedge funds.

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.