Insider Selling: Liquidity Services Inc. (LQDT) VP Sells 1,145 Shares of Stock
Liquidity Services Inc. (NASDAQ:LQDT) VP Mark A. Shaffer sold 1,145 shares of the company’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $10.10, for a total value of $11,564.50. Following the transaction, the vice president now directly owns 2,758 shares in the company, valued at approximately $27,855.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Liquidity Services Inc. (NASDAQ:LQDT) opened at 9.80 on Wednesday. Liquidity Services Inc. has a 12-month low of $4.42 and a 12-month high of $11.49. The company’s market cap is $301.26 million. The company has a 50-day moving average price of $10.11 and a 200-day moving average price of $7.83.
Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.16. Liquidity Services had a negative return on equity of 3.11% and a negative net margin of 15.72%. The firm had revenue of $85.18 million for the quarter, compared to analyst estimates of $72.48 million. During the same quarter last year, the company earned $0.14 EPS. The company’s revenue was down 5.1% on a year-over-year basis. On average, analysts predict that Liquidity Services Inc. will post ($0.09) earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of LQDT. Aristotle Capital Boston LLC raised its position in Liquidity Services by 1.5% in the second quarter. Aristotle Capital Boston LLC now owns 159,663 shares of the company’s stock worth $1,252,000 after buying an additional 2,375 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Liquidity Services by 45.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 85,868 shares of the company’s stock valued at $674,000 after buying an additional 26,892 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new position in shares of Liquidity Services during the second quarter valued at about $158,000. Numeric Investors LLC acquired a new position in shares of Liquidity Services during the second quarter valued at about $272,000. Finally, Arizona State Retirement System raised 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 last quarter. Hedge funds and other institutional investors own 65.33% of the company’s stock.
Separately, Zacks Investment Research lowered Liquidity Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. One research 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. The stock has an average rating of “Hold” and an average target price of $6.65.
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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