Gardner H. Dudley Sells 2,006 Shares of Liquidity Services Inc. (LQDT) Stock
Liquidity Services Inc. (NASDAQ:LQDT) insider Gardner H. Dudley sold 2,006 shares of the company’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $10.51, for a total value of $21,083.06. Following the completion of the transaction, the insider now owns 29,024 shares of the company’s stock, valued at $305,042.24. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Liquidity Services Inc. (NASDAQ:LQDT) opened at 10.25 on Friday. Liquidity Services Inc. has a one year low of $4.42 and a one year high of $11.49. The stock’s market capitalization is $315.10 million. The company’s 50-day moving average price is $10.09 and its 200 day moving average price is $7.71.
Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings data 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. Liquidity Services had a negative net margin of 15.72% and a negative return on equity of 3.11%. The company earned $85.18 million during the quarter, compared to the consensus estimate of $72.48 million. During the same period in the previous year, the firm earned $0.14 earnings per share. Liquidity Services’s revenue for the quarter was down 5.1% on a year-over-year basis. Analysts anticipate that Liquidity Services Inc. will post ($0.09) EPS for the current year.
Separately, Zacks Investment Research cut Liquidity Services from a “buy” rating to a “hold” rating in a report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Liquidity Services presently has an average rating of “Hold” and an average target price of $6.65.
A number of large investors have recently added to or reduced their stakes in the company. Arizona State Retirement System increased its position in shares of Liquidity Services by 1.6% in the second quarter. Arizona State Retirement System now owns 12,737 shares of the company’s stock valued at $100,000 after buying an additional 200 shares during the period. Acrospire Investment Management LLC purchased a new position in shares of Liquidity Services during the second quarter valued at $118,000. Brandes Investment Partners LP increased its position in shares of Liquidity Services by 29.2% in the second quarter. Brandes Investment Partners LP now owns 15,374 shares of the company’s stock valued at $121,000 after buying an additional 3,475 shares during the period. American International Group Inc. increased its position in shares of Liquidity Services by 0.6% in the second quarter. American International Group Inc. now owns 18,492 shares of the company’s stock valued at $145,000 after buying an additional 113 shares during the period. Finally, Nationwide Fund Advisors increased its position in shares of Liquidity Services by 24.6% in the second quarter. Nationwide Fund Advisors now owns 19,477 shares of the company’s stock valued at $153,000 after buying an additional 3,850 shares during the period. Institutional investors own 65.33% of the company’s stock.
About Liquidity Services
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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