Steven Weiskircher Sells 582 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) SVP Steven Weiskircher sold 582 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $33.31, for a total transaction of $19,386.42. Following the transaction, the senior vice president now owns 88,070 shares of the company’s stock, valued at $2,933,611.70. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Liquidity Services Stock Performance

Liquidity Services stock traded down $0.07 during mid-day trading on Wednesday, hitting $31.09. The company’s stock had a trading volume of 368,948 shares, compared to its average volume of 135,426. The company has a 50 day moving average of $24.78 and a 200-day moving average of $22.41. Liquidity Services, Inc. has a one year low of $13.99 and a one year high of $36.00. The stock has a market cap of $955.74 million, a PE ratio of 49.35 and a beta of 1.42.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC bought a new position in Liquidity Services in the 3rd quarter worth about $48,000. GAMMA Investing LLC boosted its holdings in shares of Liquidity Services by 29.9% in the third 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 period. Ashton Thomas Private Wealth LLC bought a new position in shares of Liquidity Services during the 2nd quarter worth $87,000. Centiva Capital LP purchased a new stake in Liquidity Services in the third quarter worth about $260,000. Finally, SG Americas Securities LLC bought a new stake in shares of Liquidity Services in the 3rd quarter valued at about $298,000. 71.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LQDT shares. Craig Hallum lifted 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. StockNews.com cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. Finally, Barrington Research restated an “outperform” rating and issued a $27.00 price target on shares of Liquidity Services in a research report on Tuesday, December 10th.

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.