Insider Selling: Liquidity Services, Inc. (LQDT) Insider Sells 15,270 Shares of Stock
Liquidity Services, Inc. (NASDAQ:LQDT) insider James M. Rallo sold 15,270 shares of Liquidity Services stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $5.80, for a total transaction of $88,566.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Liquidity Services, Inc. (NASDAQ LQDT) traded up 1.282% on Wednesday, hitting $5.925. 176,701 shares of the stock were exchanged. The firm’s market cap is $186.66 million. The firm’s 50 day moving average price is $5.80 and its 200 day moving average price is $6.61. Liquidity Services, Inc. has a one year low of $5.50 and a one year high of $10.56.
Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.22) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.03. Liquidity Services had a negative net margin of 27.52% and a negative return on equity of 16.59%. The company had revenue of $65.50 million for the quarter, compared to the consensus estimate of $79.56 million. During the same period last year, the firm posted $0.07 EPS. The company’s revenue for the quarter was down 23.1% on a year-over-year basis. Equities analysts anticipate that Liquidity Services, Inc. will post ($0.91) earnings per share for the current year.
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Several hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its holdings in shares of Liquidity Services by 22.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,981,239 shares of the business services provider’s stock worth $12,581,000 after acquiring an additional 357,240 shares during the period. Vanguard Group Inc. increased its holdings in shares of Liquidity Services by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 1,309,668 shares of the business services provider’s stock worth $10,477,000 after acquiring an additional 71,139 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Liquidity Services by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 902,983 shares of the business services provider’s stock worth $5,734,000 after acquiring an additional 110,643 shares during the period. Robotti Robert increased its holdings in shares of Liquidity Services by 4.5% in the 2nd quarter. Robotti Robert now owns 415,194 shares of the business services provider’s stock worth $2,488,000 after acquiring an additional 18,000 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Liquidity Services by 4.8% in the 2nd quarter. Northern Trust Corp now owns 347,062 shares of the business services provider’s stock worth $2,204,000 after acquiring an additional 15,912 shares during the period. 67.55% of the stock is currently owned by institutional investors and hedge funds.
LQDT has been the topic of a number of recent research reports. ValuEngine upgraded shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Liquidity Services from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Robert W. Baird restated a “neutral” rating on shares of Liquidity Services in a research note on Monday, July 3rd.
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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