Liquidity Services (NASDAQ:LQDT) Sets New 52-Week High at $23.01

Shares of Liquidity Services, Inc. (NASDAQ:LQDT) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $23.01 and last traded at $22.90, with a volume of 29902 shares changing hands. The stock had previously closed at $22.50.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and set a $27.00 target price on shares of Liquidity Services in a research note on Monday, August 26th.

Liquidity Services Trading Up 0.3 %

The business has a 50-day moving average of $21.53 and a 200 day moving average of $19.64. The firm has a market capitalization of $687.67 million, a P/E ratio of 34.71 and a beta of 1.37.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.24 by $0.06. Liquidity Services had a return on equity of 18.47% and a net margin of 5.91%. The firm had revenue of $93.61 million during the quarter. During the same quarter in the prior year, the firm earned $0.28 EPS.

Insider Buying and Selling at Liquidity Services

In other news, VP Mark A. Shaffer sold 7,673 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $21.94, for a total transaction of $168,345.62. Following the completion of the sale, the vice president now directly owns 46,461 shares of the company’s stock, valued at $1,019,354.34. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Liquidity Services news, EVP John Daunt sold 41,454 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $21.75, for a total transaction of $901,624.50. Following the transaction, the executive vice president now directly owns 50,712 shares in the company, valued at approximately $1,102,986. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Mark A. Shaffer sold 7,673 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $21.94, for a total transaction of $168,345.62. Following the completion of the sale, the vice president now owns 46,461 shares of the company’s stock, valued at approximately $1,019,354.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,345 shares of company stock valued at $3,462,918. Corporate insiders own 29.77% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in Liquidity Services by 19.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,357 shares of the business services provider’s stock valued at $67,000 after buying an additional 540 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Liquidity Services by 2.2% during the fourth quarter. Victory Capital Management Inc. now owns 31,950 shares of the business services provider’s stock worth $550,000 after acquiring an additional 682 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Liquidity Services by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,894 shares of the business services provider’s stock worth $389,000 after purchasing an additional 870 shares during the last quarter. Teacher Retirement System of Texas grew its stake in Liquidity Services by 6.0% in the 4th quarter. Teacher Retirement System of Texas now owns 29,017 shares of the business services provider’s stock valued at $499,000 after purchasing an additional 1,637 shares during the period. Finally, Public Sector Pension Investment Board increased its position in shares of Liquidity Services by 5.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider’s stock valued at $978,000 after purchasing an additional 2,430 shares during the last quarter. 71.15% of the stock is owned by institutional investors.

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.