Liquidity Services Inc. (NASDAQ:LQDT) insider Gardner H. Dudley sold 1,882 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $10.65, for a total value of $20,043.30. Following the completion of the sale, the insider now owns 29,024 shares in the company, valued at $309,105.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Liquidity Services Inc. (NASDAQ:LQDT) opened at 10.25 on Friday. The company’s market capitalization is $315.10 million. Liquidity Services Inc. has a 52 week low of $4.42 and a 52 week high of $11.49. The firm has a 50-day moving average price of $10.09 and a 200-day moving average price of $7.71.
Liquidity Services (NASDAQ:LQDT) last released its earnings results on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.16. Liquidity Services had a negative return on equity of 3.11% and a negative net margin of 15.72%. The firm had revenue of $85.18 million for the quarter, compared to the consensus estimate of $72.48 million. During the same period in the prior year, the firm earned $0.14 EPS. The firm’s revenue was down 5.1% on a year-over-year basis. Analysts anticipate that Liquidity Services Inc. will post ($0.09) EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in LQDT. Los Angeles Capital Management & Equity Research Inc. increased its position in Liquidity Services by 164.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 64,233 shares of the company’s stock valued at $333,000 after buying an additional 39,915 shares during the last quarter. Prudential Financial Inc. increased its position in Liquidity Services by 37.9% in the first quarter. Prudential Financial Inc. now owns 87,299 shares of the company’s stock valued at $452,000 after buying an additional 23,986 shares during the last quarter. Diversified Investment Strategies LLC increased its position in Liquidity Services by 1.8% in the first quarter. Diversified Investment Strategies LLC now owns 121,700 shares of the company’s stock valued at $630,000 after buying an additional 2,175 shares during the last quarter. Geode Capital Management LLC increased its position in Liquidity Services by 15.7% in the first quarter. Geode Capital Management LLC now owns 187,891 shares of the company’s stock valued at $972,000 after buying an additional 25,504 shares during the last quarter. Finally, Bogle Investment Management L P DE purchased a new position in Liquidity Services during the first quarter valued at about $513,000. 65.33% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research lowered Liquidity Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $6.65.
About Liquidity Services
Liquidity Services, Inc is an online auction marketplace for surplus and salvage assets. The Company operates through the operating auction marketplaces for sellers and buyers of surplus, salvage and scrap assets segment. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories.
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