Liquidity Services Inc. (LQDT) Insider Segundo Leoncio Casusol Sells 6,945 Shares
Liquidity Services Inc. (NASDAQ:LQDT) insider Segundo Leoncio Casusol sold 6,945 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $10.10, for a total transaction of $70,144.50. Following the completion of the transaction, the insider now owns 5,156 shares in the company, valued at $52,075.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Segundo Leoncio Casusol also recently made the following trade(s):
- On Wednesday, September 7th, Segundo Leoncio Casusol sold 7,500 shares of Liquidity Services stock. The shares were sold at an average price of $10.18, for a total transaction of $76,350.00.
- On Thursday, August 18th, Segundo Leoncio Casusol sold 32,648 shares of Liquidity Services stock. The shares were sold at an average price of $9.60, for a total transaction of $313,420.80.
Shares of Liquidity Services Inc. (NASDAQ:LQDT) opened at 9.95 on Thursday. The firm’s 50-day moving average is $10.12 and its 200-day moving average is $7.84. The firm’s market capitalization is $305.87 million. Liquidity Services Inc. has a 52 week low of $4.42 and a 52 week high of $11.49.
Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, beating the 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 business had revenue of $85.18 million for the quarter, compared to analysts’ expectations of $72.48 million. During the same period last year, the business earned $0.14 EPS. The business’s revenue was down 5.1% on a year-over-year basis. Equities analysts anticipate that Liquidity Services Inc. will post ($0.09) EPS for the current year.
Separately, Zacks Investment Research downgraded shares of Liquidity Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Liquidity Services currently has an average rating of “Hold” and an average price target of $6.65.
Several large investors have recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. acquired a new stake in Liquidity Services during the second quarter worth approximately $508,000. California State Teachers Retirement System boosted 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 worth $410,000 after buying an additional 1,158 shares during the last quarter. Acadian Asset Management LLC boosted 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 worth $8,269,000 after buying an additional 91,489 shares during the last quarter. Eagle Boston Investment Management Inc. boosted 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 worth $1,897,000 after buying an additional 6,290 shares during the last quarter. Finally, Sterneck Capital Management LLC acquired a new stake in Liquidity Services during the first quarter worth approximately $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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