Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt Sells 7,403 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt sold 7,403 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $21.26, for a total transaction of $157,387.78. Following the completion of the transaction, the executive vice president now directly owns 43,309 shares of the company’s stock, valued at approximately $920,749.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

John Daunt also recently made the following trade(s):

• On Friday, September 6th, John Daunt sold 41,454 shares of Liquidity Services stock. The shares were sold at an average price of $21.75, for a total transaction of $901,624.50.
• On Tuesday, August 27th, John Daunt sold 21,073 shares of Liquidity Services stock. The shares were sold at an average price of $22.18, for a total transaction of $467,399.14.

Liquidity Services Stock Performance

Shares of Liquidity Services stock traded up $0.90 during midday trading on Tuesday, reaching $22.41. 127,153 shares of the company’s stock traded hands, compared to its average volume of 120,126. The company has a market cap of $683.10 million, a price-to-earnings ratio of 34.48 and a beta of 1.37. The company’s 50 day simple moving average is $21.28 and its 200 day simple moving average is $19.48. Liquidity Services, Inc. has a 52 week low of $13.99 and a 52 week high of $22.87.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.30 earnings per share 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 net margin of 5.91% and a return on equity of 18.47%. During the same quarter in the prior year, the business posted $0.28 EPS.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LQDT. Barrington Research reissued an “outperform” rating and set a $27.00 target price on shares of Liquidity Services in a research note on Monday, August 26th. StockNews.com raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Liquidity Services by 3.0% during 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 purchasing an additional 52,997 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Liquidity Services by 7.2% in the 1st quarter. Acadian Asset Management LLC now owns 435,193 shares of the business services provider’s stock worth $8,089,000 after acquiring an additional 29,070 shares during the period. Wellington Management Group LLP raised its holdings in Liquidity Services by 1.0% in the 4th quarter. Wellington Management Group LLP now owns 419,600 shares of the business services provider’s stock worth $7,221,000 after acquiring an additional 4,100 shares during the period. Silvercrest Asset Management Group LLC raised its holdings in Liquidity Services by 8.9% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 777,960 shares of the business services provider’s stock worth $14,470,000 after acquiring an additional 63,571 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Liquidity Services by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,140,649 shares of the business services provider’s stock worth $19,630,000 after acquiring an additional 7,868 shares during the period. Institutional investors own 71.15% of the company’s stock.

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.