Liquidity Services Inc. (LQDT) CFO Jorge Celaya Sells 12,061 Shares
Liquidity Services Inc. (NASDAQ:LQDT) CFO Jorge Celaya sold 12,061 shares of the firm’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $10.10, for a total transaction of $121,816.10. Following the completion of the sale, the chief financial officer now owns 33,611 shares in the company, valued at $339,471.10. The sale was disclosed in a document filed with the SEC, which is available at this link.
Jorge Celaya also recently made the following trade(s):
- On Wednesday, October 5th, Jorge Celaya sold 7,073 shares of Liquidity Services stock. The stock was sold at an average price of $10.51, for a total transaction of $74,337.23.
- On Tuesday, October 4th, Jorge Celaya sold 2,955 shares of Liquidity Services stock. The stock was sold at an average price of $10.52, for a total transaction of $31,086.60.
- On Monday, October 3rd, Jorge Celaya sold 6,636 shares of Liquidity Services stock. The stock was sold at an average price of $10.65, for a total transaction of $70,673.40.
Liquidity Services Inc. (NASDAQ:LQDT) opened at 9.80 on Wednesday. The stock’s market capitalization is $301.26 million. The firm’s 50-day moving average is $10.11 and its 200 day moving average is $7.83. Liquidity Services Inc. has a 12 month low of $4.42 and a 12 month high of $11.49.
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Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.16. Liquidity Services had a negative net margin of 15.72% and a negative return on equity of 3.11%. The company earned $85.18 million during the quarter, compared to the consensus estimate of $72.48 million. During the same period in the previous year, the firm earned $0.14 earnings per share. Liquidity Services’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, equities analysts anticipate that Liquidity Services Inc. will post ($0.09) earnings per share for the current year.
Separately, Zacks Investment Research lowered shares of 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 given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $6.65.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Emerald Acquisition Ltd. purchased a new position in shares of Liquidity Services during the second quarter valued at $508,000. California State Teachers Retirement System increased its position in shares of Liquidity Services by 2.3% in the second quarter. California State Teachers Retirement System now owns 52,276 shares of the company’s stock valued at $410,000 after buying an additional 1,158 shares during the period. Acadian Asset Management LLC increased its position in shares of Liquidity Services by 9.5% in the second quarter. Acadian Asset Management LLC now owns 1,054,694 shares of the company’s stock valued at $8,269,000 after buying an additional 91,489 shares during the period. Eagle Boston Investment Management Inc. increased its position in shares of Liquidity Services by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 242,058 shares of the company’s stock valued at $1,897,000 after buying an additional 6,290 shares during the period. Finally, Sterneck Capital Management LLC purchased a new position in shares of Liquidity Services during the first quarter valued at $853,000. Institutional investors and hedge funds own 65.33% of the company’s stock.
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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