Insider Selling: Liquidity Services, Inc. (LQDT) Insider Sells 8,545 Shares of Stock
Liquidity Services, Inc. (NASDAQ:LQDT) insider Roger Gravley sold 8,545 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $5.80, for a total value of $49,561.00. Following the completion of the transaction, the insider now owns 9,702 shares of the company’s stock, valued at approximately $56,271.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Liquidity Services, Inc. (NASDAQ:LQDT) traded up 1.282% on Wednesday, hitting $5.925. The stock had a trading volume of 176,701 shares. The firm’s market capitalization is $186.66 million. The stock’s 50-day moving average is $5.80 and its 200 day moving average is $6.61. Liquidity Services, Inc. has a 1-year low of $5.50 and a 1-year high of $10.56.
Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.03. Liquidity Services had a negative return on equity of 16.59% and a negative net margin of 27.52%. The company had revenue of $65.50 million for the quarter, compared to analysts’ expectations of $79.56 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. Liquidity Services’s revenue was down 23.1% compared to the same quarter last year. On average, equities research analysts predict that Liquidity Services, Inc. will post ($0.91) earnings per share for the current fiscal year.
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A number of research analysts have recently commented on LQDT shares. Robert W. Baird restated a “neutral” rating on shares of Liquidity Services in a research note on Monday, July 3rd. Zacks Investment Research cut Liquidity Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, ValuEngine upgraded Liquidity Services from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st.
A number of large investors have recently made changes to their positions in the stock. Arizona State Retirement System grew its stake in Liquidity Services by 1.6% in the first quarter. Arizona State Retirement System now owns 12,737 shares of the business services provider’s stock worth $102,000 after purchasing an additional 200 shares in the last quarter. Texas Permanent School Fund lifted its holdings in Liquidity Services by 1.2% during the second quarter. Texas Permanent School Fund now owns 17,931 shares of the business services provider’s stock worth $114,000 after buying an additional 204 shares during the period. Prudential Financial Inc. lifted its holdings in Liquidity Services by 0.8% during the first quarter. Prudential Financial Inc. now owns 53,538 shares of the business services provider’s stock worth $428,000 after buying an additional 450 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Liquidity Services by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 98,702 shares of the business services provider’s stock worth $627,000 after buying an additional 513 shares during the period. Finally, Thrivent Financial For Lutherans lifted its holdings in Liquidity Services by 5.2% during the first quarter. Thrivent Financial For Lutherans now owns 13,770 shares of the business services provider’s stock worth $110,000 after buying an additional 680 shares during the period. 67.55% of the stock is currently owned by institutional investors.
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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