Jaime Mateus-Tique Sells 35,000 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) Director Jaime Mateus-Tique sold 35,000 shares of Liquidity Services stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $31.93, for a total transaction of $1,117,550.00. Following the completion of the sale, the director now owns 298,262 shares of the company’s stock, valued at $9,523,505.66. This trade represents a 10.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Liquidity Services Price Performance

Shares of NASDAQ:LQDT opened at $31.18 on Friday. Liquidity Services, Inc. has a 1 year low of $16.79 and a 1 year high of $39.72. The stock has a market capitalization of $967.80 million, a price-to-earnings ratio of 41.57 and a beta of 1.26. The company’s 50 day simple moving average is $33.35 and its 200 day simple moving average is $28.54.

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

Hedge Funds Weigh In On Liquidity Services

A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its stake in shares of Liquidity Services by 1.7% during the third quarter. State Street Corp now owns 852,306 shares of the business services provider’s stock worth $19,433,000 after buying an additional 13,947 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Liquidity Services by 651.4% during the fourth quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider’s stock valued at $25,790,000 after purchasing an additional 692,390 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Liquidity Services by 0.5% in the third quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock valued at $11,757,000 after buying an additional 2,392 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of 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 period. Finally, Northern Trust Corp raised its holdings in Liquidity Services by 22.7% in the 4th quarter. Northern Trust Corp now owns 263,554 shares of the business services provider’s stock valued at $8,510,000 after buying an additional 48,818 shares during the last quarter. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LQDT shares. StockNews.com downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Barrington Research reiterated an “outperform” rating and set a $40.00 target price on shares of Liquidity Services in a research report on Wednesday, March 19th. Finally, Craig Hallum raised their price target on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report 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.