James M. Rallo Sells 11,054 Shares of Liquidity Services, Inc. (LQDT) Stock
Liquidity Services, Inc. (NASDAQ:LQDT) insider James M. Rallo sold 11,054 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $5.62, for a total transaction of $62,123.48. Following the completion of the sale, the insider now directly owns 11,054 shares of the company’s stock, valued at $62,123.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Liquidity Services, Inc. (LQDT) remained flat at $$5.65 on Friday. 48,141 shares of the company were exchanged, compared to its average volume of 87,492.
Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.03. The firm had revenue of $65.50 million for the quarter, compared to analyst estimates of $79.56 million. Liquidity Services had a negative net margin of 27.52% and a negative return on equity of 16.59%. The company’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 earnings per share. equities analysts forecast that Liquidity Services, Inc. will post -1.04 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Arizona State Retirement System raised its position in Liquidity Services by 1.6% during the first quarter. Arizona State Retirement System now owns 12,737 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 200 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Liquidity Services by 16.2% during the first quarter. Public Employees Retirement System of Ohio now owns 13,017 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 1,816 shares in the last quarter. Thrivent Financial For Lutherans raised its position in shares of Liquidity Services by 5.2% in the first quarter. Thrivent Financial For Lutherans now owns 13,770 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 680 shares during the period. Texas Permanent School Fund raised its position in shares of Liquidity Services by 1.2% in the second quarter. Texas Permanent School Fund now owns 17,931 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 204 shares during the period. Finally, Citadel Advisors LLC raised its position in shares of Liquidity Services by 57.3% in the first quarter. Citadel Advisors LLC now owns 17,141 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 6,241 shares during the period. 66.95% of the stock is currently owned by hedge funds and other institutional investors.
LQDT has been the topic of several recent research reports. ValuEngine raised shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Liquidity Services from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th.
About Liquidity Services
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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