Liquidity Services, Inc. (NASDAQ:LQDT) Insider Sells $348,800.00 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) insider Novelette Murray sold 10,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $34.88, for a total value of $348,800.00. Following the completion of the transaction, the insider now owns 44,119 shares of the company's stock, valued at $1,538,870.72. The trade was a 18.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Liquidity Services Stock Performance

LQDT traded up $0.77 on Monday, hitting $36.48. 332,765 shares of the company were exchanged, compared to its average volume of 281,738. Liquidity Services, Inc. has a 12 month low of $16.58 and a 12 month high of $39.72. The firm has a fifty day simple moving average of $33.52 and a two-hundred day simple moving average of $26.61. The stock has a market capitalization of $1.12 billion, a PE ratio of 48.64 and a beta of 1.36.

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Barrington Research reaffirmed an "outperform" rating and issued a $40.00 target price on shares of Liquidity Services in a research note on Tuesday, February 11th. StockNews.com lowered shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a report on Friday, February 7th. Finally, Craig Hallum increased their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the company a "buy" rating in a report on Friday, December 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its stake in shares of Liquidity Services by 651.4% in the 4th quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider's stock valued at $25,790,000 after purchasing an additional 692,390 shares during the period. Millennium Management LLC lifted its position in Liquidity Services by 826.0% during the fourth quarter. Millennium Management LLC now owns 196,366 shares of the business services provider's stock valued at $6,341,000 after buying an additional 175,161 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Liquidity Services by 57.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider's stock valued at $14,768,000 after buying an additional 167,767 shares in the last quarter. Royce & Associates LP grew its position in shares of Liquidity Services by 561.2% in the 4th quarter. Royce & Associates LP now owns 141,649 shares of the business services provider's stock worth $4,574,000 after buying an additional 120,226 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Liquidity Services in the 4th quarter worth about $3,477,000. 71.15% of the stock is owned by hedge funds and other institutional investors.

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.