Jorge Celaya Sells 10,000 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) CFO Jorge Celaya sold 10,000 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $34.25, for a total transaction of $342,500.00. Following the completion of the transaction, the chief financial officer now directly owns 34,775 shares in the company, valued at approximately $1,191,043.75. This represents a 22.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Jorge Celaya also recently made the following trade(s):

• On Wednesday, February 12th, Jorge Celaya sold 7,500 shares of Liquidity Services stock. The shares were sold at an average price of $35.33, for a total transaction of $264,975.00.
• On Monday, December 16th, Jorge Celaya sold 16,540 shares of Liquidity Services stock. The stock was sold at an average price of $34.10, for a total transaction of $564,014.00.

Liquidity Services Price Performance

Shares of LQDT traded up $0.77 during trading hours on Friday, reaching $36.48. 332,765 shares of the company's stock traded hands, compared to its average volume of 281,738. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 48.64 and a beta of 1.36. Liquidity Services, Inc. has a twelve month low of $16.58 and a twelve month high of $39.72. The business's fifty day simple moving average is $33.29 and its two-hundred day simple moving average is $26.48.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, topping 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%.

Wall Street Analyst Weigh In

Several research firms recently commented on LQDT. Craig Hallum upped 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 lowered shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a report on Friday, February 7th. Finally, Barrington Research reiterated an "outperform" rating and set a $40.00 price objective on shares of Liquidity Services in a report on Tuesday, February 11th.

Institutional Investors Weigh In On Liquidity Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in LQDT. Northern Trust Corp increased its position in shares of Liquidity Services by 22.7% during the fourth quarter. Northern Trust Corp now owns 263,554 shares of the business services provider's stock valued at $8,510,000 after purchasing an additional 48,818 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Liquidity Services in the fourth quarter valued at about $268,000. Tudor Investment Corp ET AL acquired a new position in Liquidity Services in the fourth quarter valued at about $425,000. Quarry LP acquired a new stake in shares of Liquidity Services during the fourth quarter worth about $47,000. Finally, Aquatic Capital Management LLC raised its position in Liquidity Services by 257.6% in the 4th quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider's stock valued at $58,000 after buying an additional 1,288 shares during the last quarter. 71.15% of the stock is currently owned by institutional investors and hedge funds.

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.