Liquidity Services (NASDAQ:LQDT) Downgraded by StockNews.com to “Buy”

StockNews.com downgraded shares of Liquidity Services (NASDAQ:LQDT) from a strong-buy rating to a buy rating in a research note released on Friday.

Separately, Barrington Research upped their price objective on Liquidity Services from $20.00 to $27.00 and gave the company an outperform rating in a research report on Monday, August 14th.

Liquidity Services Stock Performance

Shares of Liquidity Services stock opened at $20.59 on Friday. The company has a 50-day simple moving average of $19.00 and a two-hundred day simple moving average of $17.43. Liquidity Services has a 52-week low of $11.97 and a 52-week high of $21.10. The stock has a market capitalization of $631.93 million, a PE ratio of 29.00 and a beta of 1.50.

Insiders Place Their Bets

In other news, SVP Steven Weiskircher sold 14,495 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $18.17, for a total value of $263,374.15. Following the completion of the transaction, the senior vice president now owns 88,335 shares of the company’s stock, valued at $1,605,046.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Steven Weiskircher sold 14,495 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $18.17, for a total transaction of $263,374.15. Following the completion of the transaction, the senior vice president now owns 88,335 shares in the company, valued at $1,605,046.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William P. Angrick III sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $18.35, for a total transaction of $1,835,000.00. Following the transaction, the chief executive officer now directly owns 5,190,482 shares of the company’s stock, valued at $95,245,344.70. The disclosure for this sale can be found here. Insiders sold a total of 208,588 shares of company stock worth $3,783,960 over the last quarter. 30.41% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC purchased a new position in shares of Liquidity Services during the second quarter worth $27,000. Captrust Financial Advisors boosted its holdings in Liquidity Services by 87.0% during the first quarter. Captrust Financial Advisors now owns 2,050 shares of the business services provider’s stock worth $35,000 after buying an additional 954 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Liquidity Services by 528.0% in the first quarter. Tower Research Capital LLC TRC now owns 3,203 shares of the business services provider’s stock valued at $42,000 after buying an additional 2,693 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Liquidity Services during the 2nd quarter worth about $53,000. Finally, US Bancorp DE acquired a new stake in shares of Liquidity Services during the 2nd quarter valued at about $66,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Liquidity Services Company Profile

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. It operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. The company's 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.