Liquidity Services Inc. (LQDT) Insider Gardner H. Dudley Sells 1,882 Shares
Liquidity Services Inc. (NASDAQ:LQDT) insider Gardner H. Dudley sold 1,882 shares of the stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $10.65, for a total transaction of $20,043.30. Following the transaction, the insider now directly owns 29,024 shares in the company, valued at approximately $309,105.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Liquidity Services Inc. (NASDAQ:LQDT) opened at 10.44 on Thursday. Liquidity Services Inc. has a 52 week low of $4.42 and a 52 week high of $11.49. The firm’s market cap is $320.94 million. The firm has a 50 day moving average of $10.07 and a 200 day moving average of $7.69.
Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.16. The company had revenue of $85.18 million for the quarter, compared to analyst estimates of $72.48 million. Liquidity Services had a negative net margin of 15.72% and a negative return on equity of 3.11%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. Equities analysts predict that Liquidity Services Inc. will post ($0.09) earnings per share for the current fiscal year.
Separately, Zacks Investment Research cut shares of Liquidity Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Liquidity Services has a consensus rating of “Hold” and an average price target of $6.65.
A number of hedge funds have recently bought and sold shares of LQDT. Emerald Acquisition Ltd. bought a new stake in Liquidity Services during the second quarter valued at about $508,000. California State Teachers Retirement System raised its stake in Liquidity Services by 2.3% in the second quarter. California State Teachers Retirement System now owns 52,276 shares of the company’s stock valued at $410,000 after buying an additional 1,158 shares in the last quarter. Acadian Asset Management LLC raised its stake in Liquidity Services by 9.5% in the second quarter. Acadian Asset Management LLC now owns 1,054,694 shares of the company’s stock valued at $8,269,000 after buying an additional 91,489 shares in the last quarter. Eagle Boston Investment Management Inc. raised its stake in Liquidity Services by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 242,058 shares of the company’s stock valued at $1,897,000 after buying an additional 6,290 shares in the last quarter. Finally, Sterneck Capital Management LLC bought a new stake in Liquidity Services during the first quarter valued at about $853,000. Institutional investors own 65.33% of the company’s stock.
Liquidity Services Company Profile
Liquidity Services, Inc is an online auction marketplace for surplus and salvage assets. The Company operates through the operating auction marketplaces for sellers and buyers of surplus, salvage and scrap assets segment. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories.
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