Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) CFO Sells 10,000 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT) CFO Jorge Celaya sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $34.25, for a total transaction of $342,500.00. Following the transaction, the chief financial officer now owns 34,775 shares in the company, valued at $1,191,043.75. The trade was a 22.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Jorge Celaya also recently made the following trade(s):

• On Wednesday, February 12th, Jorge Celaya sold 7,500 shares of Liquidity Services stock. The stock was sold at an average price of $35.33, for a total transaction of $264,975.00.
• On Monday, December 16th, Jorge Celaya sold 16,540 shares of Liquidity Services stock. The stock was sold at an average price of $34.10, for a total value of $564,014.00.

Liquidity Services Trading Up 3.5 %

Liquidity Services stock opened at $35.55 on Thursday. The firm has a market capitalization of $1.10 billion, a P/E ratio of 47.40 and a beta of 1.36. The business has a 50-day moving average of $32.85 and a 200-day moving average of $26.29. Liquidity Services, Inc. has a 1 year low of $15.79 and a 1 year high of $39.72.

Liquidity Services (NASDAQ:LQDT) last posted its earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, topping 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%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Barrington Research reissued an “outperform” rating and set a $40.00 price objective on shares of Liquidity Services in a report on Tuesday. StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, February 7th. Finally, Craig Hallum lifted their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, December 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership raised its position in shares of Liquidity Services by 57.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider’s stock worth $14,768,000 after purchasing an additional 167,767 shares during the period. Royce & Associates LP lifted its stake in Liquidity Services by 561.2% in the fourth quarter. Royce & Associates LP now owns 141,649 shares of the business services provider’s stock valued at $4,574,000 after buying an additional 120,226 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Liquidity Services in the fourth quarter valued at approximately $2,743,000. JPMorgan Chase & Co. increased its position in shares of Liquidity Services by 140.4% during the fourth quarter. JPMorgan Chase & Co. now owns 144,081 shares of the business services provider’s stock worth $4,652,000 after acquiring an additional 84,154 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Liquidity Services by 9.5% during the third quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock worth $20,092,000 after acquiring an additional 76,794 shares during the period. 71.15% of the stock is 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.