Liquidity Services (NASDAQ:LQDT) Reaches New 1-Year High – Time to Buy?

Shares of Liquidity Services, Inc. (NASDAQ:LQDT) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $25.85 and last traded at $25.80, with a volume of 29588 shares traded. The stock had previously closed at $25.40.

Analyst Ratings Changes

Separately, Barrington Research reissued an “outperform” rating and set a $27.00 target price on shares of Liquidity Services in a research note on Monday, August 26th.

Liquidity Services Trading Down 0.2 %

The company has a market cap of $780.04 million, a price-to-earnings ratio of 40.30 and a beta of 1.39. The stock’s fifty day simple moving average is $23.07 and its 200 day simple moving average is $21.49.

Insider Buying and Selling at Liquidity Services

In other news, CFO Jorge Celaya sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $22.03, for a total value of $220,300.00. Following the completion of the sale, the chief financial officer now owns 52,407 shares of the company’s stock, valued at $1,154,526.21. This represents a 16.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John Daunt sold 41,454 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $21.75, for a total transaction of $901,624.50. Following the transaction, the executive vice president now directly owns 50,712 shares of the company’s stock, valued at $1,102,986. The trade was a 44.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,105 shares of company stock worth $1,349,177. Insiders own 29.77% of the company’s stock.

Hedge Funds Weigh In On Liquidity Services

Hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC purchased a new position in shares of Liquidity Services during the 3rd quarter worth approximately $48,000. GAMMA Investing LLC boosted its position in Liquidity Services by 19.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,357 shares of the business services provider’s stock valued at $67,000 after buying an additional 540 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Liquidity Services in the 2nd quarter valued at approximately $87,000. Centiva Capital LP purchased a new position in Liquidity Services in the 3rd quarter valued at approximately $260,000. Finally, SG Americas Securities LLC purchased a new position in Liquidity Services in the 3rd quarter valued at approximately $298,000. Hedge funds and other institutional investors own 71.15% 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. 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.