Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $36.96 and last traded at $36.95, with a volume of 7625 shares changing hands. The stock had previously closed at $36.47.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Barrington Research reissued an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research note on Tuesday, December 10th. StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 21st. Finally, Craig Hallum upped their price target on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, December 13th.
Get Our Latest Research Report on Liquidity Services
Liquidity Services Stock Performance
Liquidity Services (NASDAQ:LQDT – Get Free Report) last posted its earnings results on Thursday, December 12th. The business services provider reported $0.32 earnings per share for the quarter. Liquidity Services had a return on equity of 18.99% and a net margin of 5.50%. During the same quarter in the prior year, the business posted $0.26 EPS.
Insiders Place Their Bets
In related news, Director Jaime Mateus-Tique sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $33.22, for a total value of $1,661,000.00. Following the sale, the director now owns 103,660 shares in the company, valued at $3,443,585.20. This represents a 32.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jorge Celaya sold 16,540 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $34.10, for a total value of $564,014.00. Following the completion of the sale, the chief financial officer now owns 33,608 shares in the company, valued at $1,146,032.80. The trade was a 32.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,668 shares of company stock worth $3,331,558. Company insiders own 29.77% of the company’s stock.
Institutional Trading of Liquidity Services
Several hedge funds and other institutional investors have recently made changes to their positions in LQDT. American Century Companies Inc. grew its stake in shares of Liquidity Services by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 37,110 shares of the business services provider’s stock worth $741,000 after buying an additional 4,037 shares during the last quarter. Sei Investments Co. grew its stake in shares of Liquidity Services by 9.2% in the 2nd quarter. Sei Investments Co. now owns 198,886 shares of the business services provider’s stock worth $3,974,000 after buying an additional 16,736 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Liquidity Services by 5.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider’s stock worth $978,000 after buying an additional 2,430 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Liquidity Services in the 3rd quarter worth approximately $298,000. Finally, GAMMA Investing LLC grew its stake in shares of Liquidity Services by 29.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock worth $99,000 after buying an additional 1,005 shares during the last quarter. Hedge funds and other institutional investors own 71.15% of the company’s stock.
About Liquidity Services
Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its 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.
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