Liquidity Services, Inc. (NASDAQ:LQDT) Insider Sells $19,118.04 in Stock
Liquidity Services, Inc. (NASDAQ:LQDT) insider James M. Rallo sold 3,054 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $6.26, for a total transaction of $19,118.04. Following the completion of the sale, the insider now directly owns 3,054 shares in the company, valued at approximately $19,118.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Liquidity Services, Inc. (LQDT) traded up 0.80% during midday trading on Thursday, reaching $6.30. 98,952 shares of the company’s stock were exchanged. Liquidity Services, Inc. has a 12 month low of $6.05 and a 12 month high of $11.49. The company’s 50 day moving average is $6.52 and its 200-day moving average is $8.09. The stock’s market cap is $198.36 million.
Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, May 4th. The business services provider reported ($0.21) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.07. The company had revenue of $72.33 million for the quarter, compared to analysts’ expectations of $81.14 million. Liquidity Services had a negative return on equity of 10.82% and a negative net margin of 22.99%. The business’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 earnings per share. Equities analysts forecast that Liquidity Services, Inc. will post ($0.81) EPS for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the company. Staley Capital Advisers Inc. boosted its stake in Liquidity Services by 17.4% in the first quarter. Staley Capital Advisers Inc. now owns 2,425,000 shares of the business services provider’s stock valued at $19,400,000 after buying an additional 360,000 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Liquidity Services by 11.8% in the first quarter. Renaissance Technologies LLC now owns 1,623,999 shares of the business services provider’s stock valued at $12,992,000 after buying an additional 171,200 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Liquidity Services by 19.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 753,862 shares of the business services provider’s stock valued at $7,350,000 after buying an additional 125,213 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Liquidity Services during the fourth quarter valued at approximately $1,168,000. Finally, Vanguard Group Inc. boosted its stake in shares of Liquidity Services by 5.7% in the first quarter. Vanguard Group Inc. now owns 1,309,668 shares of the business services provider’s stock valued at $10,477,000 after buying an additional 71,139 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.
A number of equities research analysts have commented on LQDT shares. Zacks Investment Research lowered shares of Liquidity Services from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. ValuEngine raised shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Robert W. Baird reissued a “neutral” rating on shares of Liquidity Services in a report on Monday.
Liquidity Services Company Profile
Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.
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