Jaime Mateus-Tique Sells 50,000 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) Director Jaime Mateus-Tique sold 50,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $33.22, for a total transaction of $1,661,000.00. Following the completion of the transaction, the director now directly owns 103,660 shares in the company, valued at approximately $3,443,585.20. This represents a 32.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Liquidity Services Price Performance

Liquidity Services stock opened at $31.09 on Thursday. The firm’s fifty day moving average price is $24.78 and its 200 day moving average price is $22.41. The company has a market capitalization of $955.74 million, a price-to-earnings ratio of 49.35 and a beta of 1.42. Liquidity Services, Inc. has a 12-month low of $13.99 and a 12-month high of $36.00.

Analysts Set New Price Targets

Several brokerages recently issued reports on LQDT. Barrington Research reiterated an “outperform” rating and issued a $27.00 price target on shares of Liquidity Services in a report on Tuesday, December 10th. StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. Finally, Craig Hallum raised their target price on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday, December 13th.

Institutional Trading of Liquidity Services

A number of hedge funds and other institutional investors have recently modified their holdings of LQDT. Royce & Associates LP purchased a new position in Liquidity Services in the third quarter valued at about $488,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Liquidity Services in the 3rd quarter valued at approximately $1,311,000. Intech Investment Management LLC acquired a new position in shares of Liquidity Services in the 3rd quarter valued at approximately $518,000. Acadian Asset Management LLC boosted its stake in shares of Liquidity Services by 15.7% during the 2nd quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock valued at $10,060,000 after buying an additional 68,407 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Liquidity Services by 31.2% during the third quarter. BNP Paribas Financial Markets now owns 24,912 shares of the business services provider’s stock worth $568,000 after buying an additional 5,929 shares in the last quarter. 71.15% of the stock is owned by hedge funds and other 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.