Jaime Mateus-Tique Sells 10,000 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) Director Jaime Mateus-Tique sold 10,000 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $29.72, for a total value of $297,200.00. Following the completion of the sale, the director now owns 214,562 shares in the company, valued at approximately $6,376,782.64. This represents a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Jaime Mateus-Tique also recently made the following trade(s):

• On Wednesday, April 9th, Jaime Mateus-Tique sold 931 shares of Liquidity Services stock. The shares were sold at an average price of $29.43, for a total value of $27,399.33.
• On Monday, April 7th, Jaime Mateus-Tique sold 29,169 shares of Liquidity Services stock. The stock was sold at an average price of $29.06, for a total transaction of $847,651.14.
• On Monday, March 24th, Jaime Mateus-Tique sold 35,000 shares of Liquidity Services stock. The shares were sold at an average price of $31.93, for a total transaction of $1,117,550.00.

Liquidity Services Stock Down 2.6 %

Shares of NASDAQ LQDT traded down $0.81 during midday trading on Monday, hitting $30.18. 221,785 shares of the company's stock were exchanged, compared to its average volume of 203,208. The firm has a market capitalization of $936.76 million, a PE ratio of 40.24 and a beta of 1.39. The company's 50 day moving average price is $31.59 and its 200 day moving average price is $29.62. Liquidity Services, Inc. has a 12 month low of $17.07 and a 12 month high of $39.72.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last released its earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Hedge Funds Weigh In On Liquidity Services

Several large investors have recently modified their holdings of the business. Barclays PLC increased its holdings in Liquidity Services by 307.3% in the third quarter. Barclays PLC now owns 39,427 shares of the business services provider's stock worth $899,000 after purchasing an additional 29,746 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Liquidity Services by 102.7% during the third quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider's stock valued at $1,366,000 after purchasing an additional 30,360 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Liquidity Services by 107.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 119,432 shares of the business services provider's stock worth $3,856,000 after purchasing an additional 61,918 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Liquidity Services by 7.3% during the 3rd quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider's stock valued at $339,000 after acquiring an additional 1,019 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Liquidity Services by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider's stock worth $11,757,000 after acquiring an additional 2,392 shares during the period. Institutional investors own 71.15% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LQDT shares. Barrington Research reaffirmed an "outperform" rating and set a $40.00 price target on shares of Liquidity Services in a research report on Wednesday, March 19th. StockNews.com downgraded shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th.

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.