Liquidity Services, Inc. (NASDAQ:LQDT) Director Sells $813,540.00 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) Director Edward Kolodzieski sold 26,000 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $31.29, for a total transaction of $813,540.00. Following the completion of the transaction, the director now owns 19,229 shares of the company's stock, valued at $601,675.41. This trade represents a 57.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, December 23rd, Edward Kolodzieski sold 2,000 shares of Liquidity Services stock. The stock was sold at an average price of $31.90, for a total transaction of $63,800.00.

Liquidity Services Stock Up 0.8 %

NASDAQ:LQDT traded up $0.24 during midday trading on Monday, hitting $31.20. The company had a trading volume of 259,844 shares, compared to its average volume of 142,236. The company has a market capitalization of $959.12 million, a PE ratio of 49.52 and a beta of 1.42. Liquidity Services, Inc. has a 52-week low of $13.99 and a 52-week high of $36.00. The stock's fifty day moving average price is $25.14 and its 200-day moving average price is $22.60.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Liquidity Services

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Essex Investment Management Co. LLC purchased a new position in shares of Liquidity Services during the 3rd quarter valued at about $2,749,000. Pacer Advisors Inc. boosted its position in Liquidity Services by 9.5% during the third quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider's stock valued at $20,092,000 after buying an additional 76,794 shares during the period. Acadian Asset Management LLC grew its stake in shares of Liquidity Services by 15.7% during the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider's stock valued at $10,060,000 after buying an additional 68,407 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Liquidity Services in the third quarter worth about $1,311,000. Finally, Barclays PLC lifted its stake in shares of Liquidity Services by 307.3% in the 3rd quarter. Barclays PLC now owns 39,427 shares of the business services provider's stock valued at $899,000 after acquiring an additional 29,746 shares during the last quarter. 71.15% of the stock is currently owned by hedge funds and other institutional investors.

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.