Steven Weiskircher Sells 10,815 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) SVP Steven Weiskircher sold 10,815 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $33.99, for a total transaction of $367,601.85. Following the sale, the senior vice president now owns 58,401 shares of the company’s stock, valued at $1,985,049.99. This represents a 15.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Steven Weiskircher also recently made the following trade(s):

• On Wednesday, February 12th, Steven Weiskircher sold 5,000 shares of Liquidity Services stock. The shares were sold at an average price of $35.26, for a total transaction of $176,300.00.
• On Monday, December 16th, Steven Weiskircher sold 582 shares of Liquidity Services stock. The shares were sold at an average price of $33.31, for a total transaction of $19,386.42.

Liquidity Services Stock Up 3.5 %

Shares of LQDT traded up $1.21 during midday trading on Wednesday, hitting $35.55. The company had a trading volume of 537,410 shares, compared to its average volume of 323,314. The company’s 50 day moving average price is $32.85 and its 200 day moving average price is $26.29. Liquidity Services, Inc. has a 52 week low of $15.79 and a 52 week high of $39.72. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 47.40 and a beta of 1.36.

Liquidity Services (NASDAQ:LQDT) last issued its earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Institutional Trading of Liquidity Services

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. boosted its stake in shares of Liquidity Services by 9.5% during the 3rd quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock worth $20,092,000 after acquiring an additional 76,794 shares in the last quarter. State Street Corp boosted its holdings in shares of Liquidity Services by 1.7% during the third quarter. State Street Corp now owns 852,306 shares of the business services provider’s stock worth $19,433,000 after purchasing an additional 13,947 shares during the period. Geode Capital Management LLC grew its holdings in shares of Liquidity Services by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock valued at $11,757,000 after acquiring an additional 2,392 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Liquidity Services by 57.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider’s stock worth $14,768,000 after purchasing an additional 167,767 shares during the last quarter. Finally, Rice Hall James & Associates LLC raised its position in Liquidity Services by 1.3% during the third quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider’s stock valued at $8,374,000 after acquiring an additional 4,838 shares in the last quarter. Institutional investors own 71.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LQDT. StockNews.com downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, February 7th. Craig Hallum boosted their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Barrington Research reiterated an “outperform” rating and issued a $40.00 price target on shares of Liquidity Services in a report on Tuesday.

About Liquidity Services

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.