Insider Selling: Liquidity Services Inc. (LQDT) VP Sells 1,145 Shares of Stock
Liquidity Services Inc. (NASDAQ:LQDT) VP Mark A. Shaffer sold 1,145 shares of Liquidity Services stock in a transaction on Monday, October 10th. The shares were sold at an average price of $10.10, for a total value of $11,564.50. Following the completion of the transaction, the vice president now owns 2,758 shares in the company, valued at approximately $27,855.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Liquidity Services Inc. (NASDAQ:LQDT) opened at 9.80 on Wednesday. The company’s 50 day moving average price is $10.11 and its 200 day moving average price is $7.83. The firm’s market cap is $301.26 million. Liquidity Services Inc. has a 12-month low of $4.42 and a 12-month high of $11.49.
Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.16. Liquidity Services had a negative return on equity of 3.11% and a negative net margin of 15.72%. The business had revenue of $85.18 million for the quarter, compared to the consensus estimate of $72.48 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. Liquidity Services’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities research analysts forecast that Liquidity Services Inc. will post ($0.09) EPS for the current year.
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A number of institutional investors have recently bought and sold shares of LQDT. Arizona State Retirement System increased its position in Liquidity Services by 1.6% in the second quarter. Arizona State Retirement System now owns 12,737 shares of the company’s stock valued at $100,000 after buying an additional 200 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in Liquidity Services during the second quarter valued at approximately $118,000. Brandes Investment Partners LP increased its position in Liquidity Services by 29.2% in the second quarter. Brandes Investment Partners LP now owns 15,374 shares of the company’s stock valued at $121,000 after buying an additional 3,475 shares during the last quarter. American International Group Inc. increased its position in Liquidity Services by 0.6% in the second quarter. American International Group Inc. now owns 18,492 shares of the company’s stock valued at $145,000 after buying an additional 113 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in Liquidity Services by 24.6% in the second quarter. Nationwide Fund Advisors now owns 19,477 shares of the company’s stock valued at $153,000 after buying an additional 3,850 shares during the last quarter. Institutional investors and hedge funds own 65.33% of the company’s stock.
Separately, Zacks Investment Research lowered Liquidity Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $6.65.
Liquidity Services Company Profile
Liquidity Services, Inc is an online auction marketplace for surplus and salvage assets. The Company operates through the operating auction marketplaces for sellers and buyers of surplus, salvage and scrap assets segment. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories.
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