Liquidity Services, Inc. (NASDAQ:LQDT) VP Mark A. Shaffer Sells 6,005 Shares

Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) VP Mark A. Shaffer sold 6,005 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $35.59, for a total transaction of $213,717.95. Following the sale, the vice president now directly owns 36,083 shares of the company's stock, valued at approximately $1,284,193.97. This represents a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Liquidity Services Stock Performance

Shares of NASDAQ LQDT traded up $0.77 during trading on Friday, hitting $36.48. The company had a trading volume of 332,765 shares, 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 stock has a 50 day simple moving average of $33.29 and a 200 day simple moving average of $26.48. The firm has a market capitalization of $1.12 billion, a P/E ratio of 48.64 and a beta of 1.36.

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

Hedge Funds Weigh In On Liquidity Services

A number of large investors have recently bought and sold shares of LQDT. SG Americas Securities LLC purchased a new position in Liquidity Services in the third quarter valued at approximately $298,000. GAMMA Investing LLC grew its stake in shares of Liquidity Services by 29.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider's stock valued at $99,000 after buying an additional 1,005 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Liquidity Services during the third quarter worth approximately $48,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Liquidity Services in the third quarter valued at $1,311,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of Liquidity Services by 4.9% in the third quarter. Assenagon Asset Management S.A. now owns 237,725 shares of the business services provider's stock valued at $5,420,000 after buying an additional 11,022 shares in the last quarter. Hedge funds and other institutional investors own 71.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LQDT shares. StockNews.com downgraded shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 7th. Barrington Research reiterated an "outperform" rating and issued a $40.00 price objective on shares of Liquidity Services in a report on Tuesday, February 11th. Finally, Craig Hallum lifted 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.

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.