Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) Director Sells 2,000 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) Director Edward Kolodzieski sold 2,000 shares of the business's stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $32.90, for a total transaction of $65,800.00. Following the completion of the sale, the director now directly owns 15,229 shares of the company's stock, valued at $501,034.10. This represents a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Edward Kolodzieski also recently made the following trade(s):

• On Monday, December 23rd, Edward Kolodzieski sold 2,000 shares of Liquidity Services stock. The shares were sold at an average price of $31.90, for a total value of $63,800.00.
• On Friday, December 20th, Edward Kolodzieski sold 26,000 shares of Liquidity Services stock. The shares were sold at an average price of $31.29, for a total transaction of $813,540.00.

Liquidity Services Trading Down 1.0 %

NASDAQ:LQDT traded down $0.33 during trading hours on Thursday, reaching $31.96. 244,526 shares of the company traded hands, compared to its average volume of 142,069. Liquidity Services, Inc. has a 1 year low of $13.99 and a 1 year high of $36.00. The stock has a market capitalization of $982.48 million, a P/E ratio of 50.73 and a beta of 1.42. The business's 50-day moving average price is $26.69 and its two-hundred day moving average price is $23.28.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Craig Hallum boosted their target price on Liquidity Services from $28.00 to $37.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Barrington Research restated an "outperform" rating and issued a $27.00 price objective on shares of Liquidity Services in a report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Liquidity Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday, December 21st.

Hedge Funds Weigh In On Liquidity Services

A number of hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in shares of Liquidity Services by 6.9% during the second quarter. Victory Capital Management Inc. now owns 57,606 shares of the business services provider's stock valued at $1,151,000 after buying an additional 3,700 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Liquidity Services by 15.7% in the 2nd quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider's stock worth $10,060,000 after buying an additional 68,407 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Liquidity Services during the second quarter valued at approximately $87,000. Rice Hall James & Associates LLC increased its stake in shares of Liquidity Services by 6.7% in the 2nd quarter. Rice Hall James & Associates LLC now owns 362,464 shares of the business services provider's stock worth $7,242,000 after purchasing an additional 22,626 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Liquidity Services by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 37,110 shares of the business services provider's stock valued at $741,000 after buying an additional 4,037 shares in the last quarter. 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.